1614 Elmira RD, Austin TX 78721
Austin, TX 78721 · Grant Park
Single Family Residence for sale in Grant Park
Overview
Property Description
Cash-flowing income property in East Austin's Grant Park/East MLK neighborhood, minutes from Mueller and downtown. Owner financing available at 4.99%. The main house (Unit 1) offers 3 bedrooms and 1 bath in approximately 1,024 square feet, built in 1957, leased through June 2027 with a long-term tenant in place, and recently updated with a new roof, HVAC, water heater, and water/sewer lines. The side-entry ADU (Unit 2), built in 2021 and City of Austin permitted, is a 1-bedroom, 1-bath studio with soaring 15-foot vaulted ceilings, a private entrance, and its own fenced yard, operated as a mid-term rental with income that varies seasonally. Set on a spacious 0.25-acre lot, this property offers multiple paths forward: hold for cash flow, remodel, or redevelop to maximize rental income in one of East Austin's fastest-evolving corridors. Seller financing may be available to qualified buyers, inquire with listing agent for details. Buyer and buyer's agent to verify all information.
Financial Info
- Price
- $574,900
- $ / Sqft
- $369
- HOA
- None
- Tax Rate
- 2.0465%
- Est. Taxes
- $8,979.25
- Tax Year
- 2026
- Exemptions
- None
Legal Info
- Address
- 1614 Elmira RD
- County
- Travis
- City
- Austin
- State
- TX
- Zip
- 78721
- Subdivision
- Grant Park
- Legal Description
- LOT 41 OLT 19 DIV B GRANT PARK
- Parcel
- 02122004220000
Interior Features
- Floor
- Tile, Wood
- Num Living
- 2
- Dining
- 1
- Appliances
- Dishwasher, Disposal, Gas Cooktop, RNGHD, Refrigerator, Vented Exhaust Fan, Washer/Dryer Stacked, Tankless Water Heater
- Laundry
- Inside, Laundry Closet
- Master Bed
- Primary Bedroom on Main
- Master Main
- Yes
- Interior Features
- Ceiling Fan(s), High Ceilings, Electric Dryer Hookup, Primary Bedroom on Main, Washer Hookup, None, See Remarks
General Info
- Beds
- 3 Total / 3 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1957 / Resale
- Square Feet
- 1,556 / Multiple Dwelling
- Garage Desc
- Attached Carport, Driveway, Gravel, Off Street
- Foundation
- Pillar/Post/Pier, Slab
- Roof
- Asphalt, Metal
- Construction
- Frame, Cement Siding
- Acres
- 0.25
- Lot Description
- Trees-Large (Over 40 Ft)
- Restrictions
- City Restrictions, Covenant
- Flood Plain
- No
- View
- See Remarks
- Water Access
- No
- Waterfront
- No
- Area
- 5
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Natural Gas Connected
- Heat
- Central, Ductless
- A C
- Central Air, Ductless
Exterior Features
- Fence
- Wood
- Exterior Features
- Exterior Steps, Private Yard, See Remarks
- Pool On Property
- No
- Area Amenities
- None
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 24, 2026 | Price Decrease | $574,900−$20,100 (−3.4%) | −$20,100 (−3.4%) |
| Jul 16, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- Austin ISD
- Elementary
- Sims
- Middle
- Garcia
- High
- Northeast Early College
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$4,134 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $4,134
- Principal & interest
- $2,907
- Property taxes
- $748
- Homeowners insurance
- $479
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $459,920 | $5,141 | $29,743 | $454,779 | |
| 2 | $454,779 | $5,485 | $29,399 | $449,294 | |
| 3 | $449,294 | $5,852 | $29,032 | $443,442 | |
| 4 | $443,442 | $6,244 | $28,640 | $437,198 | |
| 5 | $437,198 | $6,662 | $28,222 | $430,536 | |
| 6 | $430,536 | $7,109 | $27,776 | $423,427 | |
| 7 | $423,427 | $7,585 | $27,299 | $415,842 | |
| 8 | $415,842 | $8,093 | $26,791 | $407,750 | |
| 9 | $407,750 | $8,635 | $26,250 | $399,115 | |
| 10 | $399,115 | $9,213 | $25,671 | $389,902 |
- Year 1$454,779
- Principal paid
- $5,141
- Interest paid
- $29,743
- Starting balance
- $459,920
- Year 2$449,294
- Principal paid
- $5,485
- Interest paid
- $29,399
- Starting balance
- $454,779
- Year 3$443,442
- Principal paid
- $5,852
- Interest paid
- $29,032
- Starting balance
- $449,294
- Year 4$437,198
- Principal paid
- $6,244
- Interest paid
- $28,640
- Starting balance
- $443,442
- Year 5$430,536
- Principal paid
- $6,662
- Interest paid
- $28,222
- Starting balance
- $437,198
- Year 6$423,427
- Principal paid
- $7,109
- Interest paid
- $27,776
- Starting balance
- $430,536
- Year 7$415,842
- Principal paid
- $7,585
- Interest paid
- $27,299
- Starting balance
- $423,427
- Year 8$407,750
- Principal paid
- $8,093
- Interest paid
- $26,791
- Starting balance
- $415,842
- Year 9$399,115
- Principal paid
- $8,635
- Interest paid
- $26,250
- Starting balance
- $407,750
- Year 10$389,902
- Principal paid
- $9,213
- Interest paid
- $25,671
- Starting balance
- $399,115
Nearby
Courtesy of Tiffany Russell Group · (512) 964-9439
Listings courtesy of ACTRIS as distributed by MLS GRID.