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3606 Wilson StOn MarketTurnkey Airbnb

3606 Wilson St

Austin, TX 78704 · Travis County

$900,000
4bd · 2ba · 1,906 sqft · built 1959

South Austin bungalow in the Cherry Hills neighborhood, between S Congress and S 1st, south of Oltorf. The original 1959 3BR/1BA home has been tastefully updated downstairs, with a spiral staircase leading up to a primary suite with a private bath and french door access to the pool deck. Outdoor space includes a deep 1980s-style pool, attached hot tub, and a cedar-wood sauna. On the market via MLS #5822063, listed by Matt McClendon, Twelve Rivers Realty.

Erika's take

Turnkey STR. I like that it already has a pool, hot tub, and sauna in place, and it's a quick drive to SoCo.

Tax play notes

46% improvement-to-land ratio per Travis CAD's 2026 assessment ($333,344 improvement of $727,176 total). The 1959 structure itself isn't a strong cost segregation candidate on its own, but the pool, hot tub, and sauna are real, itemizable improvements worth documenting separately for depreciation purposes.

Projected annual revenue
$160,000
Avg nightly rate
Avg occupancy
Gross yield
17.8%

Erika's estimate: ~$160K/year projected annual revenue as a turnkey STR.

Assessed value — land vs. improvement (2026)

Land
Improvement
Land value
$393,832
Improvement value
$333,344
Total assessed
$727,176
Source: county appraisal district record ↗

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Added Aug 12, 2026