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$975,000

1405 Alameda Dr, Austin, TX, 78704

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,280 Sq Ft
price_per_sqft$761.72 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Dryer, Microwave, Free-Standing Gas Range, Washer
FlooringLaminate, Tile, Wood

Exterior

Lot Size7,078 sqft

Building Information

Year Built1946
Stories2
Roof Type105
Garage Spaces1

Land Information

APN03010203160000
Lot Number29
SubdivisionTravis Heights
Land UseResidential
Legal DescriptionLOT 29 BLK 3 TRAVIS HEIGHTS PLUS 1/2 ADJ VAC ALLEY
Census Tract001402
Assessed Land Value$608,094
Assessed Improvement Value$370,664
Assessment Year2025

About this property

In the heart of SoCo, this fully rebuilt, turnkey, furnished, and STR-ready property offers a rare opportunity that must be purchased together with the neighboring property at 1407 Alameda Dr (MLS #1671914). Together, the two properties create flexibility that’s hard to find this close to Downtown Austin, whether for a private compound, multi-generational setup, investment opportunity, or living in one while renting the other. This treehouse-style home blends updated interiors with lock-and-leave convenience just steps from South Congress. The main level includes a stylish kitchen with quartz countertops, stainless appliances, a dining area, and a full bedroom with an ensuite bath that works well for guests or longer stays. Upstairs, the layout opens into a bright living area, second dining nook, two additional bedrooms, and a full bathroom. An upper deck tucked into the trees extends the living space outdoors and gives the home its signature feel. Major updates include HVAC, water heater, flooring, cabinetry, lighting, fixtures, bathrooms, fencing, and more, creating a fully move-in ready experience. The lot also offers potential for up to three units, adding long-term flexibility for expansion or income-producing possibilities. Located near Lady Bird Lake, Stacy Park, hike and bike trails, Music Lane, and some of SoCo’s most recognized restaurants, coffee shops, and boutiques, this is a rare chance to secure two side-by-side properties in one of Austin’s most sought-after neighborhoods.

Investor Tools

$0Estimated Mortgage Balance
$978,758Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,873 /month
Positive
Cash Flow Estimate:
$1,958 /month

Interested in this property?

Cory Culpepper

Douglas Elliman Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,277/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,435
$978,758
2025
$608,094
$370,664
$978,758
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,435
$978,758

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$978,758
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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1405 Alameda Dr | Property Details | No Agent List