813 E 48th ST
About This Property
Located in Central Austin, 813 48th Street is a 1949 vintage charmer offering 1,066 square feet, 2 bedrooms, and 1 full bath on a generous 0.159 acre lot with room to grow. Full of character, the home features original hardwood floors and original windows that bring in natural light and preserve its classic charm.
The layout includes a versatile sunroom with Saltillo tile flooring and french doors that open to the backyard deck - ideal for a home office, reading room, or additional living space. The kitchen is equipped with a stainless steel gas range, dishwasher, and refrigerator, all of which convey, along with a washer/dryer combo.
Major updates include a roof replaced within the last 2 years and added gutters. New HVAC was installed in 2021. A 284-square-foot detached storage building with electricity and a window unit offers excellent flexibility for use as a studio, office, workshop, or creative space.
The spacious backyard provides room to expand the existing home and/or build an accessory dwelling unit (ADU) (buyer to verify), creating strong potential for additional living space or future income opportunity.
Conveniently located near local restaurants and shopping, this property presents a rare opportunity to own a character-filled bungalow with room to personalize and add value in a desirable Central Austin location.
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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 22, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Relisted | $525,000 | |
| Relisted | |||
| Apr 5, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Price Decreased |
$549,000
↓ $40K
(6.8%) | |
| Price Decreased | |||
| Mar 15, 2026 | Relisted | $589,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017