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    $1,194,900
    For Sale

    4309 Hank Avenue

    Austin, TX 78745
    1171 sqft | 3 beds | 3 baths | 0.20 acres | #2922546
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    Browse 38 photos

    Open Houses

    • Saturday, November 8th, 7:00PM to 11:00PM
    • Sunday, November 9th, 7:00PM to 10:00PM
    Type:Purchase
    Structure:House
    Zone:Residential

    Description

    The property spans a spacious lot with three key components: (1) Newly Renovated 926 sq ft ADU (Front Unit)($699,900): Fully gutted and rebuilt to the studs in 2025, featuring new HVAC, plumbing, electrical, insulation, and high-end finishes including E-STAR appliances, quartz countertops, and luxury vinyl plank flooring. This 2bd/2bth holds a fresh Certificate of Occupancy issued 11/4/25 and is grandfathered for compliant use. Current comparable rentals in Banister Acr. (e.g., 2BD/1BA at $1,900/mo; 3BD/3BA at $2,375/mo) support a conservative rent of $2,400/mo. (2) Newly Renovated 240 sq ft Tiny Home (Rear Unit) ($214,100): Similarly updated with modern systems and finishes, this efficient studio-style space is also grandfathered and compliant. Market data for similar tiny homes in Austin (e.g., 200-300 sq ft units at $949-1,200/mo) justifies a conservative rent of $1,200/mo. (3) Raw Land for Development ($280,900): The rear portion of the lot is shovel-ready for a new primary residence of at least 2,333 sq ft, with all utilities in place and no major tree removal required. A preliminary conceptual draft site plan plan (available in MLS docs) outlines a 4BD/3BA single-family home or potential duplex. Comparable rentals in 78745 (e.g., 2,003 sq ft 3BD/3BA at $3,850/mo; 1,692 sq ft at $3,550/mo) indicate a conservative rent of $4,200/mo. Note the property next door immediately to the north (4307 Hank) sold for $1,599,900 on June 23, 2025. Investment Analysis (6%+ Cap Rate Calculation): A. Assuming development of the 2,333 sq ft home (estimated build cost: $300/sq ft or ~$700,000 based on 2025 Austin averages), total gross annual income from the three units reaches $92,400 ($7,700/mo); B. Deduct conservative operating expenses of $20,000/year (including $10,255 taxes, insurance, and maintenance). Resulting NOI: $72,400; and C. At the $1,194,900 purchase price (pre-build), this projects a post-development cap rate of 6.2% on total investment of ~$1,894,900.

    • Property Details
        • InteriorBuiltInFeatures, Ceiling Fans, Separate Formal Dining Room, High Ceilings, High Speed Internet, Multiple Living Areas, Multiple
        • Exterior MaterialsBarbecue, Dog Run, Exterior Steps, Garden, Gas Grill, Lighting, Outdoor Grill, Private Entrance, Permeable Paving, Private Yard,
        • Utility FeaturesElectricity Available, Electricity Connected, FiberOpticAvailable, Natural Gas Available, Natural Gas Connected, Phone Available
        • Lot DescriptionBack Yard, Cleared, Front Yard, Landscaped, Open Lot, Private, Near Public Transit, Split Possible, Few Trees, Views, Xeriscape
        • FoundationPillar Post Pier, Raised, Slab
        • Sewer InformationPublic Sewer
        • School DistrictAustin ISD
        • Original List Price$1,194,900
        • Property TypePurchase
        • SubdivisionBanister
        • Middle SchoolBedichek
        • Short SaleStandard
        • Elementary SchoolSt Elmo
        • MLS #2922546
        • Cost1194900
        • MLS #2922546
        • Utility SourcePublic
        • High SchoolTravis
        • CountyTravis
        • Property SubtypeOther
        • ViewCity
        • Square Feet1171
        • Year Built1951
        • Acres0.2
        • Bedrooms3
        • Bathrooms3
        • Full Baths3
        • Parking Spaces1
        • Days on Market (Cumulative)1

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    Based on information submitted to the MLS GRID as of 2025-11-06 15:45:37 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


    The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

    Last Updated: Today at 10:19 AM. Source: ACTRIS

    Provided By
    Listing Agent: James Haecker (#598080), Phone: (512) 203-4836
    Listing Office: James R. Haecker (#8207)

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