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5601 Oak BLVD
About This Property
The 3-bedroom, 2-bath main home features a bright open-concept floor plan filled with natural light-ideal for both everyday living and entertaining. The updated kitchen includes modern cabinetry, sleek countertops, and quality appliances, including a brand-new refrigerator, all seamlessly flowing into the living and dining areas. Recent renovations include updated flooring, refreshed bathrooms, and contemporary finishes throughout, delivering the clean, turnkey feel today's buyers are searching for.
The detached 1-bedroom ADU adds exceptional versatility-perfect for short-term or long-term rental income, guest accommodations, or a dedicated work-from-home space.
A truly standout feature is the verified natural limestone cave on the property, confirmed by a City of Austin geologist. The cave descends approximately 12 feet to a main chamber, with additional passages extending 30–40 feet, and maintains a consistent ~68° temperature year-round. The presence of abundant calcite pocket crystals adds rare geological character, making this a one-of-a-kind property in the Austin market.
If you're searching for a renovated home with income potential in South Austin, this property offers location, flexibility, and unique features rarely found together.
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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 |
|---|---|---|---|
| Apr 9, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Listed by Bramlett Partners | $525,000 | |
| Listed by Bramlett Partners | |||
| Jul 2, 2022 | No longer available | - | |
| No longer available | |||
| May 5, 2022 | Price Decreased |
$725,000
↓ $75K
(9.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017