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3414 Pennsylvania AveOff Market

3414 Pennsylvania Ave

Austin, TX 78721 · Travis County

$1,149,000
5bd · 4ba · 2,351 sqft · built 2022

Built by Juneberry Homes, this new-construction STR sits on a quiet double cul-de-sac in one of East Austin's most exciting pockets — a gourmet kitchen, flexible living spaces, an entertainer's backyard with a large in-ground pool, outdoor kitchen, and garage, with downtown views. A previous STR-investor client was under contract and had to terminate for reasons unrelated to the property — all due diligence is already complete (appraisal, home inspection, pool inspection, plumbing scope) and repairs have already been negotiated with the sellers (new roof, deck staining, cabinet door). Currently tenant-occupied; lease requires 60 days' notice to terminate, though the tenant has indicated openness to an earlier move-out. Listed as 5 bedrooms for Airbnb/STR marketing purposes (sleeping capacity) — note that the Travis County tax record and Certificate of Occupancy recognize only 4 bedrooms, as the 5th was enclosed prior to CO issuance but was never permitted.

Tax play notes

New construction (2022) carries a high improvement-to-land ratio (68% improvement per Travis CAD) — favorable for cost segregation and bonus depreciation. Extensive due diligence is already complete, which shortens the closing timeline and reduces diligence cost for a buyer.

Projected annual revenue
$240,000
Avg nightly rate
$1,100
Avg occupancy
55%
Gross yield
20.9%

Estimated $230K–$250K/year per a previous buyer's AirDNA Rentalizer report (see Airbnb comps).

Assessed value — land vs. improvement (2026)

Land
Improvement
Land value
$187,158
Improvement value
$402,842
Total assessed
$590,000
Source: county appraisal district record ↗

Added Aug 10, 2026