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$875,000

NAL Estimated Property Value

3116 Prado St 1 and #2, Austin, TX, 78702

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths1,833 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$477.36 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

AuctionMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 4Bathrooms 4
AppliancesDouble Oven, Dryer, Washer Dryer Stacked, Dishwasher, Energy Star Qualified Appliances, Exhaust Fan, Free Standing Gas Range, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Stainless Steel Appliances, Tankless Water Heater, Vented Exhaust Fan
FlooringVinyl

Exterior

Exterior FeaturesExterior Steps

Building Information

Garage Spaces1

About this property

Luxury Live Auction! Bidding to start from $875,000.00! Owner/Agent. A rare East Austin find: two separate homes on one lot, just two houses off Tillery St and steps from a thriving neighborhood commercial district. Live in one and rent the other, run a home business, or hold both as investments. The options are wide open. Unit 1 was remodeled down to the studs in 2019 and has since operated mostly as a monthly Airbnb rental. This 3-bed, 2-bath craftsman/mid-century home includes a suite with its own private exterior entrance plus hall access to the rest of the house. Unit 2 is brand-new construction with its certificate of occupancy just issued. It has two entrances, one to the main floor and one to the upstairs suite, and a hallway door lets the two floors be closed off from each other. That makes it ideal for guests, rental income, or flexible living. An insulated, extra-deep garage with an EV charger rounds it out. Each home has its own driveway and parking, which is hard to find in East Austin. The units have separate utilities and are set up for potential condo conversion, though the owner prefers to sell to a single buyer. All work to date was permitted through the City of Austin. Previously permitted plans, now expired, show an expansion and floor plan rework for Unit 1 and a future two-story third unit behind it.

Investor Tools

Property Icon
$875,000
Estimated Property Value
$0Estimated Mortgage Balance
$875,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,250 /month
Positive
Cash Flow Estimate:
$1,750 /month

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Financing Details

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

City: Austin

3116 Prado St 1 and #2 | Property Details | No Agent List