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$783,000

NAL Estimated Property Value

1214 Vargas Rd, Austin, TX, 78741

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,200 Sq Ft
price_per_sqft$270.42 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesSee Remarks
FlooringTile

Exterior

Exterior FeaturesNone
Lot Size10,868 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APN03071706160000
Lot Number16
SubdivisionChernosky No 15
Land UseResidential
Legal DescriptionLOT 16 BLK 6 CHERNOSKY NO 15
Census Tract002321
Assessed Land Value$300,000
Assessed Improvement Value$333,035
Assessment Year2024

About this property

Incredible Investment Opportunity in East Austin! Welcome to 1214 Vargas Rd—a lightly updated duplex offering two spacious 3-bedroom, 2-bath units, each with a private entrance, one-car garage, and oversized fenced backyard. Both sides feature vaulted ceilings, vinyl plank floors, granite counters, modern tilework in the bathrooms, stainless steel appliances, fresh paint, and open-concept living areas filled with natural light. Each unit is move-in ready with room for future upgrades, making it ideal for house hacking or generating rental income from both sides. Located just 5 miles from Downtown Austin and just over 4 miles to Austin-Bergstrom Airport, this property sits in the heart of the East Riverside Corridor—one of the city’s fastest-growing and most heavily redeveloped areas. You're walking distance to the beautiful Riverside Golf Course, multiple bus stops, Roy G. Guerrero Park, hike-and-bike trails, and Lady Bird Lake. Residents enjoy a quick commute to Oracle’s HQ, new mixed-use communities, restaurants, bars, and waterfront parks that are transforming East Riverside into one of Austin’s premier urban hubs. With easy access to downtown via Riverside Dr or I-35, this duplex offers unbeatable connectivity without sacrificing neighborhood charm. Whether you're an investor seeking strong returns or a buyer looking to live in one unit and lease the other, 1214 Vargas Rd delivers flexibility, location, and long-term upside. This listing is for side A only.

Investor Tools

Property Icon
$783,000
Estimated Property Value
$0Estimated Mortgage Balance
$783,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,698 /month
Positive
Cash Flow Estimate:
$1,566 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$953/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,527
$379,801
2024
$300,000
$333,035
$633,035
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,527
$379,801

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$783,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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1214 Vargas Rd | Property Details | No Agent List