4309 HANK AVENUE, AUSTIN, TX 78745
Homes for sale in Austin.
Homes for sale in 78745.
4309 Hank Avenue
Austin, TX 78745
List Price$899,900
Listing #2922546
About This Property
Unlock an unparalleled investment opportunity in Austin's esteemed Banister Acres neighborhood, within the 78745 area code--comprising three premium assets designed for immediate income generation and substantial appreciation potential. With a 25% price reduction to $899,900, this presents a compelling prospect requiring prompt attention to capitalize on favorable returns. (1) Elite Front Home ($527,200): Fully rebuilt in 2025 with high-efficiency HVAC, plumbing, and electrical systems, spray foam insulation, LG stainless steel appliances Bosch dishwasher, elegant quartz countertops featuring waterfall edges, and premium luxury flooring. Fresh CO issued November 4, 2025, ensuring seamless ownership and operation. (2) Chic Tiny Home Rear Unit ($161,300): Equipped with cutting-edge modern upgrades, including efficient HVAC, plumbing, and electrical systems, spray foam insulation, premium countertops, a tankless water heater for optimal energy savings, and luxury flooring throughout; grandfathered compliant studio, offering versatile and appealing living space. (3) Prime Developable Parcel ($211,400): Preliminary draft site plan available in the MLS for a 2,333+ square foot home or duplex. Entitlement finalization currently in process, positioning this parcel for swift development and value enhancement. Neighboring property sold for $1,599,900 on June 23, 2025--clear evidence of rapidly ascending market values in this sought-after area. Return on Investment (5%+ Capitalization Rate): Construction at $250 per square foot (approximately $583,000); total annual income of $93,600 ($7,800 per month total for the three units). Deducting $20,000 in expenses (including $10,255 for taxes, insurance, and maintenance), NOI reaches $73,600. Based on a $1,483,000 investment, this yields a capitalization rate exceeding 5%. Existing units provide immediate revenue. Secure this discounted opportunity promptly, as market conditions in Austin continue to escalate!
Open House
Virtual Open House
Saturday, Nov 8
2:30 PM - 5:30 PM
OPEN HOUSE THIS SATURDAY, Nov 8: 2:30 - 5:30 PM 4309 Hank Ave, Austin, TX 78745 Priced to sell fast - bring all cash and developer buyers!
Sunday, Nov 9
10:00 AM - 5:00 PM
OPEN HOUSE THIS SUNDAY, Nov 9: 10 AM -- 5 PM 4309 Hank Ave, Austin, TX 78745 Priced to sell fast - bring all cash and developer buyers!
Property Features
Location Information
County
Travis
Subdivision
Banister
County
Travis
Directions
From Mopac (Loop 1) 1. Exit William Cannon WEST 2. Left a light onto Hank Avenue (first street after Starbucks) 3. Pass the mailbox cluster on your right 4. 4309 Hank Avenue is the 4th Driveway on the RIGHT - Look for the black tiny home and ribbon driveway Parking - Pull all the way forward onto the concrete - Park in front of Unit 1 OR - Pull all the way forward onto the ribbon concrete - fits 4 cars Walk 10 steps to the black front door of Unit 1 or left to the tiny home front door L
Area
10N
Interior Features
Interior
Built-in Features, Ceiling Fan(s), Separate/Formal Dining Room, High Ceilings, High Speed Internet, Multiple Living Areas, Multiple Dining Areas, Main Level Primary, Open Floorplan, Quartz Counters, Recessed Lighting, Sound System, Storage, Smart Home, Smart Thermostat,
Heating
Central, Exhaust Fan, ENERGY STAR Qualified Equipment, Natural Gas, Radiant Floor, Radiant Ceiling, Radiant
Primary Bedroom On Main
Yes
Floors
See Remarks
Full Baths
3
Laundry
Inside, Laundry Closet, Laundry Room, Multiple Locations, Washer Hookup, Dryer Hookup, ElectricDryer Hookup, GasDryer Hookup, Stacked
Has Dining Room
Yes
Appliances
Built-In Range, Built-In Gas Oven, Built-In Gas Range, Dryer, Washer/Dryer Stacked, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater, E
Exterior Features
Style
Board & Batten Siding, Cement Siding, Metal Siding, Radiant Barrier, Spray Foam Insulation, Stucco, Wood Siding
Garage Spaces
1
Stories
1
Fencing
Fenced, Front Yard, Gate, Privacy, Security, See Remark
Is New Construction
No
Lot Size in Acres
0.2
Construction/Exterior
Board & Batten Siding, Cement Siding, Metal Siding, Radiant Barrier, Spray Foam Insulation, Stucco, Wood Siding
Dimensions
50 x 172
Exterior
Barbecue, Dog Run, Exterior Steps, Garden, Gas Grill, Lighting, Outdoor Grill, Private Entrance, Permeable Paving, Private Yard, Uncovered Courtyard
Waterfront Description
None
Foundation
Pillar/Post/Pier, Raised, Slab
Has Waterfront
No
Possession
Closing & Funding, Close Of Escrow, Immediately, Nego
Has View
Yes
Water / Sewer
Public Sewer
View
City
Water
Public
Is One Story
Yes
Parking Description
Additional Parking, Assigned, Common, Detached Carport, Gated, Private, Shared Driveway, See Remarks, Covered
School
Elementary School District
Austin ISD
Middle School
Bedichek
Elementary School
St Elmo
High School
Travis
Additional Information
Roof/Attic
Aluminum, Asphalt, Membrane, Shingle
Year Built
1951
Other Utilities
Electricity Available, Electricity Connected, Fiber Optic Available, Natural Gas Available, Natural Gas Connected, Phone Available, Ph
APN
04080804040000
Gated
Yes
Status
Active
Association Name
TBD
Documents Available
Aerial, Building Plans, Deed Restriction, Disclosure(s), Engineering Report, Feasibility Study, HOA Documents, Legal Documents, Oak Wilt
Property Type
SFR
Square Feet Source
Builder
Property SubType
Other
Similar Listings
Mortgage Calculator
$4,200
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,242
Monthly Tax
$749
Monthly Insurance
$209
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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