803 Vargas

Austin, TX 78741

$199,900

0.19 acres

Listed by Compass RE Texas, LLC · MLS #ACT6978318

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A FEW THINGS TO NOTICE

What stands out.

Property size

0.19 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Outstanding opportunity for investors and builders in the heart of East Austin.

Situated on a 0.15-acre lot zoned SF-3, 803 Vargas Rd offers the flexibility to construct up to two units—ideal for a duplex, an A&B build, or a single-family residence with an ADU.

The property currently includes only a carport and storage shed, providing a true blank canvas for new construction. With no existing home to remove, you can move straight into planning and design—streamlining your timeline and maximizing your return potential.

Surrounded by steady redevelopment, new homes sales and rental rates are confirming the strong demand and value growth within this thriving 78741 pocket. The location offers quick access to Downtown Austin, major highways, and Austin-Bergstrom International Airport, while nearby Lady Bird Lake and Roy G. Guerrero Park deliver trails, green space, and outdoor recreation just minutes away.

Buyer to confirm city building guidelines, tax rates, and school information. Also listed as land sale mls ID:6032606

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THE NEIGHBORHOOD

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803 Vargas, Austin, TX 78741

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THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Appliances: None
Fencing: Chain Link
Subdivision: Chernosky 15
Parcel: 03061802160000
Elementary school: Allison
Middle school: Martin
High school: Eastside Early College
Annual property tax: $3,830.89

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$832.92

Cap rate—

Annual operating income: —

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

Understand the opportunity.
Review rental pricing, property condition and your ownership goals with a local professional.
Make a strong first impression.
Bring together property preparation, professional marketing and applicant screening.
Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimate Talk through your management needs

Stone-front home with a landscaped lawn and central entry — A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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803 Vargas, Austin, TX 78741 · MLS #ACT6978318

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Listing information

MLS #ACT6978318 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Crystal Robaina

Listing status: Active. Record updated February 11, 2026. Confirm current availability and price with the listing agent.