8403 Riverstone Dr Austin, TX 78724
Rogers Hill NeighborhoodEstimated payment $2,373/month
Highlights
- No HOA
- Ductless Heating Or Cooling System
- 1-Story Property
- Walk-In Closet
- Living Room
- Central Heating and Cooling System
About This Home
Great investment income property, fully leased and cash flowing from day one. Offered at $345,000, which is below a recent $500,000 appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,600 per month in rent per unit, totaling $3,200 per month or $38,400 per year in gross rental income. *Rent prices are subject to change.* Titled as real property, this is a rare opportunity to secure instant equity, consistent cash flow, and a turnkey asset in a high demand rental market. The property has a strong rental history and stays rented. Among the strongest cap rate opportunities currently available in Austin. Potential to refinance after purchase and access equity based on current valuation. Do not disturb tenants. Showings allowed by appointment only.
Listing Agent
My Castle Realty Brokerage Phone: (713) 683-0054 License #0670597 Listed on: 07/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,373
Year Built
- Built in 2002
Lot Details
- 8,799 Sq Ft Lot
- Lot Dimensions are 73 x 120
- North Facing Home
- Privacy Fence
- Wood Fence
- Level Lot
- Dense Growth Of Small Trees
Home Design
- Duplex
- Pillar, Post or Pier Foundation
- Block Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 2,160 Sq Ft Home
- 1-Story Property
- Vinyl Clad Windows
- Living Room
- Laminate Flooring
- Fire and Smoke Detector
Kitchen
- Free-Standing Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- 4 Full Bathrooms
Parking
- Driveway
- Additional Parking
- Off-Street Parking
Schools
- Overton Elementary School
- Garcia Middle School
- Lyndon B Johnson High School
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 02173805130000
- Tax Block C
Community Details
Overview
- No Home Owners Association
- Colony Meadows Sec 02 Subdivision
Pet Policy
- Call for details about the types of pets allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,373 | $347,797 | $77,176 | $270,621 |
| 2023 | $7,373 | $400,608 | $75,000 | $325,608 |
| 2022 | $6,415 | $324,799 | $75,000 | $249,799 |
| 2021 | $5,733 | $263,379 | $25,000 | $238,379 |
| 2020 | $5,505 | $256,651 | $25,000 | $231,651 |
| 2018 | $5,070 | $228,993 | $25,000 | $203,993 |
| 2017 | $2,839 | $127,289 | $25,000 | $102,289 |
| 2016 | $2,896 | $129,878 | $25,000 | $104,878 |
| 2015 | $2,546 | $132,468 | $25,000 | $107,468 |
| 2014 | $2,546 | $107,000 | $25,000 | $82,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | Price Changed | $330,000 | -4.3% | $153 / Sq Ft |
| 07/21/2025 07/21/25 | For Sale | $345,000 | +50.1% | $160 / Sq Ft |
| 11/20/2018 11/20/18 | Sold | -- | -- | -- |
| 09/10/2018 09/10/18 | Pending | -- | -- | -- |
| 08/30/2018 08/30/18 | Price Changed | $229,900 | -4.2% | $106 / Sq Ft |
| 08/11/2018 08/11/18 | For Sale | $239,900 | -2.1% | $111 / Sq Ft |
| 02/27/2017 02/27/17 | Sold | -- | -- | -- |
| 01/07/2017 01/07/17 | Pending | -- | -- | -- |
| 11/22/2016 11/22/16 | For Sale | $245,000 | +69.7% | $113 / Sq Ft |
| 07/29/2016 07/29/16 | Sold | -- | -- | -- |
| 07/18/2016 07/18/16 | Pending | -- | -- | -- |
| 04/08/2016 04/08/16 | For Sale | $144,400 | 0.0% | $67 / Sq Ft |
| 01/06/2015 01/06/15 | Rented | $900 | +2.9% | -- |
| 01/06/2015 01/06/15 | Under Contract | -- | -- | -- |
| 12/08/2014 12/08/14 | For Rent | $875 | +2.9% | -- |
| 06/12/2014 06/12/14 | Rented | $850 | 0.0% | -- |
| 06/03/2014 06/03/14 | Under Contract | -- | -- | -- |
| 05/08/2014 05/08/14 | For Rent | $850 | +13.3% | -- |
| 08/07/2013 08/07/13 | Rented | $750 | 0.0% | -- |
| 08/06/2013 08/06/13 | Under Contract | -- | -- | -- |
| 07/25/2013 07/25/13 | For Rent | $750 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Independence Title Co | |
| Vendors Lien | -- | None Available | |
| Special Warranty Deed | -- | Brahma Title & Escrow | |
| Trustee Deed | $118,758 | None Available | |
| Vendors Lien | -- | -- | |
| Vendors Lien | -- | Longhorn Title Co Inc | |
| Vendors Lien | -- | Stewart Title Austin Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $164,500 | Purchase Money Mortgage | |
| Previous Owner | $220,924 | FHA | |
| Previous Owner | $138,250 | Fannie Mae Freddie Mac | |
| Previous Owner | $160,000 | No Value Available | |
| Previous Owner | $112,500 | Construction | |
| Closed | $40,000 | No Value Available |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 9742842
APN: 499847
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