5203 Ledesma RD
About This Property
1,894 total SF across a main house and a fully self-contained casita, in one of East Austin's most walkable pockets. A second address worth of function without a second mortgage.
Both structures were renovated in 2020 and kept current since, most recently with fresh interior paint and refreshed landscaping. The 1,444 SF main house lives the way people actually use a home: light wood floors, blue cabinetry, and a wall of living room windows keep it bright, and the kitchen opens straight into the living and dining areas. Walk-in pantry off the kitchen. Two more bedrooms and a second full bath down the hall. The primary suite has an ensuite bath and an oversized walk-in closet.
The 450 SF casita is the piece that sets this apart. Its own full bath, kitchen, and mini-split make it genuinely separate: a home office where the Zoom calls stay uninterrupted, or a guest suite that lets people visit without turning your house into a hotel.
The 9,000+ SF corner lot is fully fenced and shaded by mature trees, with room for a swing, a fire pit, a large side patio, and a back deck. Two remote gates open onto two driveways with secure parking for four full-size vehicles. Decks and fence repaired and repainted in 2026.
Downtown is 5 minutes, Google and Oracle just as close, UT 10, ABIA 15. Playground within walking distance, and the coffee shops, taco joints, and breweries East Austin is known for right around the corner. Google Fiber available.
Assumption is subject to credit and buyer approval, and additional stipulations apply. The amount above the balance would need to be covered with cash or a second loan. Reach out for full assumption details and terms.
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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%.
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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 11, 2026 | In contract | - | |
| In contract | |||
| Aug 30, 2026 | Price Decreased |
$720,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
| Jul 31, 2026 | Listed by Bramlett Partners | $740,000 | |
| Listed by Bramlett Partners | |||
| Dec 5, 2019 | No longer available | - | |
| No longer available | |||
| Nov 9, 2019 | Price Decreased |
$745,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017