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5300 Suburban DR
About This Property
Set on a quiet street just minutes from Battle Bend Park, the St. Elmo Entertainment District and Cosmic Coffee, this thoughtfully updated 4-bedroom, 3-bath home delivers the indoor-outdoor Austin lifestyle without compromise. The open-concept living and dining area flows effortlessly beneath soaring vaulted ceilings, drawing in natural light and creating an airy, connected feel that's ideal for both everyday living and effortless entertaining.
This one-story charming bungalow has been recently remodeled and is move-in ready. The kitchen has been refreshed with new Quartzite countertops, new appliances and opens directly to the main living space, keeping the cook in the conversation. All four bedrooms are on one level, including a private primary suite with recently remodeled bathroom that includes double vanity and walk-in shower with rainfall shower. A thoughtfully converted garage with its own en-suite bath offers serious flexibility, use it as a fourth bedroom, a second living room, a home office, air conditioned gym or a guest suite with total privacy.
The backyard is built for Texas Summers with a beautiful private pool and freshly painted deck that backs to Williamson Creek, delivering the kind of natural privacy that's nearly impossible to find this close to the city. Whether you're hosting a summer evening with friends or unwinding after work, this outdoor space delivers.
Additional owner updates (not a quick flip) include a new roof in 2026, all bathrooms remodeled in 2025 and a new modern front door. See MLS docs for full list of improvements and upgrades. Easy access to Downtown, South Congress, and the Airport. This is South Austin living at its best!
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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 |
|---|---|---|---|
| Jul 1, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Listed by Compass RE Texas, LLC | $595,000 | |
| Listed by Compass RE Texas, LLC | |||
| Oct 11, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 12, 2025 | Price Decreased |
$615,000
↓ $24K
(3.8%) | |
| Price Decreased | |||
| Jun 29, 2025 | Price Decreased |
$639,000
↓ $20K
(3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017