4805 Louis Ave
About This Property
Recent upgrades, including a newer roof and stylish new bathroom vanities, provide added value and peace of mind. Situated on a generous 6,969 square foot lot, the property offers ample outdoor space for relaxing, gardening, or future enhancements. Zoned SF-3, it also presents exciting potential for expansion or additional improvements, giving buyers room to grow and customize (buyer to verify).
Located just minutes from East Austin's popular shopping, dining, and entertainment options, this home offers the perfect balance of neighborhood charm and urban convenience. With easy access to major roadways, commuting around the city is simple and efficient. Whether you're looking for a primary residence or an investment opportunity, this property delivers both versatility and long-term potential.
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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 |
|---|---|---|---|
| Sep 29, 2026 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jul 31, 2026 | Price Decreased |
$575,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Jul 9, 2026 | Relisted | $595,000 | |
| Relisted | |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Price Decreased |
$595,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017