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B+
NoAgentList RatingHow are grades calculated?Info

$1,293,000

NAL Estimated Property Value

605 Highland Ave, Austin, TX, 78703

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,674 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$596.77 / sqft
Year BuiltBuilt in 1921

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash BuyersVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size5,785 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces1

Land Information

APN01080305020000
SubdivisionDivision Z
Land UseResidential
Legal Description80 X 75 FT OLT 3 DIVISION Z
Census Tract001200
Assessed Land Value$721,961
Assessed Improvement Value$657,446
Assessment Year2025

About this property

Downtown Bungalow with so many possibilities. 1921 Original. Tear it down or fix it up. Either way you can have a skyline view from a second story. Corner lot. 1 car detached garage. High ceilings. Beautiful hardwood floors had been covered over with threadbare carpet for 40+ years. Leaded glass. Shiplap walls behind the paneling. Gas fireplace with built-in bookshelves. 3 bedrooms and 1 bath on the main level. There is an efficiency apartment under the house with a full bathroom could be a rental or AirBnB. Enter from the outside door in the backyard. There is also a right side door (outside) to some good storage space. Walking distance from tons of restaurants, Whole Foods and the hike & bike trail.*****Closing with Michelle Williams at 1st American Title (see attached). Buyer will need to purchase their own survey. Seller exempt from Seller Disclosure****

Investor Tools

Property Icon
$1,293,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,293,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,758 /month
Positive
Cash Flow Estimate:
$2,586 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,953/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,965
$1,027,262
2025
$721,961
$657,446
$1,379,407
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,965
$1,027,262

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,310,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,200/mo
N/A
+$2,200/mo
2.0%

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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605 Highland Ave | Property Details | No Agent List