3405 Cedar ST, Austin TX 78705

Austin, TX 78705 | Inman Heights

Why It May Not Have Sold

The following is speculative analysis based on publicly available market data. There are many reasons a home may not sell that aren't reflected in MLS data, including personal circumstances, property condition, title issues, or simply a change of plans. This analysis looks only at market positioning factors.

$1,064,285 Ed's Estimate: $1,435,139 $2,650,000
Lowest Comp Recommended List: $1,406,000 to $1,464,000 Highest Comp

Listing History

$2,000,000 List Price
$1,306,919 Comp Value
0 Price Reductions

This property was listed at $2,000,000 and expired after 23 days on market. This listing activity factors into the valuation.

This home was listed at $2,000,000 and was on the market for 23 days before expiring. Based on comparable sales, the market data suggests a value closer to $1,435,139. Here are some factors that may have played a role: At $480/sqft, the asking price appears to have been significantly above the neighborhood average of $345/sqft. That gap that can deter buyer interest. Coming to market in December may have put this home in a slower seasonal window for the Austin area. At $480/sqft, the asking price was 39% above the area median, though there may have been upgrades or features not captured in the data. Being 856 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2021 construction puts this home 40 years newer than the comp average, a factor in the pricing. 7 comparable transactions in INMAN HEIGHTS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
10 Beds
10 Baths 9 Full, 1 Half
4,170 Sq Ft
0.2149 Acres
2021 Built

About This Property

Turnkey investment in prime North University location. Investor-ready and built in 2021, this fully furnished triplex in North University offers a rare, low-maintenance opportunity just minutes from the University of Texas at Austin. Designed for optimal rental income, the property consists of three separate units: a 6 bed/6 bath, a 3 bed/2.5 bath, and a 1 bed/1 bath—perfectly suited to the needs of student tenants. Projected gross rent for 2026 is $14,000/month, based on current management and leasing structures. Owner is in process of leasing all units. Professional-grade finishes and stylish furnishings throughout that appeal to students seeking move-in-ready housing. The property also features ample parking for 6 vehicles, a rarity in the area. With proximity to campus and strong rental demand, this is a high-yield, low-hassle addition to any investment portfolio. Not an investor? This property also has owner-occupant and short-term rental potential!

Features

  • 2 Primary Baths
  • Ceiling Fan(s)
  • High Ceilings
  • Granite Counters
  • Gas Dryer Hookup
  • Eat-in Kitchen
  • Interior Steps
  • Multiple Dining Areas
  • Multiple Living Areas
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Austin ISD
Elementary Lee
Middle School Kealing
High School McCallum

Property Details

Property Type Residential
Flooring Concrete, Laminate, Tile, Wood
Cooling Central Air
Heating Central
Exterior Exterior Steps
County Travis
MLS # 8852510

Tax Information

Annual Taxes $33,023 (2025)

Listing History

MLS# 8852510 23 days (124 CDOM)
Dec 31, 2025 Off Market
Dec 8, 2025 Listed $2,000,000

Frequently Asked Questions About 3405 Cedar ST, Austin TX 78705

When was 3405 Cedar ST, Austin TX 78705 built?

3405 Cedar ST, Austin TX 78705 was built in 2021.

How much does 3405 Cedar ST, Austin TX 78705 cost?

3405 Cedar ST, Austin TX 78705 is currently off market.

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