827 Gullett ST
About This Property
Enjoy the best of both worlds: a quiet, serene setting perched above Boggy Creek, paired with a highly walkable, central location just minutes from Downtown Austin, the airport (under 10 minutes), and the vibrant dining, entertainment, and cultural scene of 78702.
The front single-level home, fully renovated in 2024, offers 2 bedrooms and 1 bath with a bright, open living area, abundant natural light, and gorgeous custom and designer finishes throughout. Upgrades include new flooring, kitchen, bath, electrical, HVAC (2023), roof (2024), water heater (2020), and a Nest thermostat system. Currently leased at $2,350/month through March, it provides immediate income.
The second home, newly renovated in Fall 2025, features 2 bedrooms, 1 full bath, and a stunning open living-kitchen concept. It is vacant and move-in or rent-ready.
The elevated lot offers exceptional privacy and ample outdoor space-perfect for lush gardens, a hammock, firepit, cowboy pool, or even the possibility of an Airstream for additional income. Both homes come with a refrigerator, washer and dryer making this truly a turn key property!
Whether you're a first-time buyer offsetting your mortgage, an investor seeking a turnkey duplex alternative, or a family needing two distinct living quarters, this property delivers. A true East Austin jewel.
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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 |
|---|---|---|---|
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Feb 5, 2026 | Price Decreased |
$649,000
↓ $26K
(3.9%) | |
| Price Decreased | |||
| Jan 15, 2026 | Price Decreased |
$675,000
↓ $24K
(3.4%) | |
| Price Decreased | |||
| Nov 23, 2025 | Price Decreased |
$699,000
↓ $50K
(6.7%) | |
| Price Decreased | |||
| Nov 6, 2025 | Listed by Keller Williams Realty | $749,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017