5116 Heflin LN #1
About This Property
Set in one of East Austin's most connected and fast-growing neighborhoods, this thoughtfully updated 2-bedroom, 2-bath home blends timeless Austin character with practical modern upgrades. From the moment you arrive, the white exterior, charming navy blue front door, and inviting curb appeal create a warm first impression.
Inside, abundant natural light, original hardwood flooring, and an open-concept layout create a space that feels both functional and welcoming for everyday living and entertaining. The updated kitchen features white quartz countertops, white cabinetry with black hardware, stainless steel appliances, a modern black-and-white backsplash, and an eat-in peninsula.
Both bedrooms feature hardwood flooring, while both bathrooms have been updated with modern glass-door showers and clean contemporary finishes. Recent improvements include a 2024 roof replacement, pier and beam foundation improvements with French drains, fresh backyard sod, gutter improvements, additional hardwood flooring, and a backyard storage shed. Solar panels help offset monthly electricity costs while improving energy efficiency.
The private backyard offers lush grass, modern fencing, and space to relax, entertain, garden, or enjoy pets outdoors. Located minutes from Downtown Austin, Mueller, East 6th Street, Springdale Station, Little Walnut Creek Greenbelt, Sahara Lounge, Sour Duck Market, Medici, Houndstooth Coffee, and Highway 183, this home offers convenient access to some of East Austin's best dining, coffee shops, music venues, outdoor recreation, and commuting routes.
Schedule your private showing today and experience the East Austin lifestyle buyers are searching for.
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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 |
|---|---|---|---|
| Aug 22, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 29, 2026 | Listed by Magnolia Realty Round Rock | $399,900 | |
| Listed by Magnolia Realty Round Rock | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017