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4804 Balcones DR
About This Property
This 3-bedroom, 2-bath home with two living areas and 2 dining areas offers a flexible layout and solid footprint, making it an ideal canvas for renovation, expansion, or a custom transformation.
Complete with a basement and a full BBQ pit outside, this home provides great bones and a solid structure on a generous lot that provides ample room for future additions, outdoor living, or a complete redesign.
Whether you're a buyer with vision, an investor, or a builder, 4804 Balcones is perfectly suited for someone looking for a project in a premier setting. Surrounded by established homes, convenient to shopping, dining, and major thoroughfares, and located in a highly desirable pocket of Austin, the value here is truly in the potential.
Opportunities like this - size, setting, and possibility - are increasingly rare on Balcones Drive. Bring your ideas and unlock what this property can become.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Feb 26, 2026 | Relisted | $1,150,000 | |
| Relisted | |||
| Feb 15, 2026 | In contract | - | |
| In contract | |||
| Feb 3, 2026 | Listed by Kuper Sotheby's Int'l Realty | $1,150,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| May 8, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017