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4616 Franklin Park DR
About This Property
Welcome to this beautifully remodeled 3-bedroom home offering a clean, modern design and a bright, open-concept layout-an exceptional opportunity in South Austin.
The living area is filled with natural light and anchored by a striking fireplace, creating a warm and inviting space that flows seamlessly to the private backyard-ideal for relaxing or entertaining.
The kitchen has been thoughtfully updated with a large quartz island, sleek cabinetry, designer lighting, and stainless steel appliances. Washer, dryer, and refrigerator convey, making this home truly move-in ready from day one.
Both bathrooms have been fully renovated with contemporary finishes, completing the home's cohesive, modern feel.
The spacious backyard offers room to enjoy, customize, or expand outdoor living options over time.
Located just minutes from Downtown Austin, Austin-Bergstrom Airport, Parks, and major highways, this home offers convenience, functionality, and long-term value in a rapidly growing area.
Opportunities like this-fully remodeled and move-in ready in Austin at this price point-are becoming increasingly limited.
• Fully remodeled
• Appliances included (washer, dryer, refrigerator)
• No HOA
• Spacious backyard
• Convenient South Austin location
Offered at $380,000
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by Pure Realty | $380,000 | |
| Listed by Pure Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017