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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Prime Investment Opportunity in Downtown Austin! Discover exceptional value at 40 Waller St Austin TX, ideally located in the heart of Austin’s vibrant urban core. This property offers a rare chance to secure real estate in one of the city’s fastest-growing and most desirable districts. Surrounded by major employers, top restaurants, entertainment, and the serene Lady Bird Lake hike-and-bike trail, this location attracts strong demand from both residents and short-term/long-term renters.
Featuring a highly walkable setting, easy access to transit, and close proximity to East Austin’s thriving tech and creative corridors, 40 Waller St. Austin stands out as a versatile investment with outstanding upside potential. Whether you’re seeking a steady income-producing asset or a strategic hold in a premier growth market, this property delivers the ideal combination of location, convenience, and long-term value.
Don’t miss this unique opportunity to expand your portfolio with a property positioned for sustained appreciation in Downtown Austin.
Property Type
Residential
Year Built
1920
Lot Size
0.17 acres
$/Sq Ft
$826
Listed by Fathom Realty
Verified property facts
40 Waller St is listed at $1,200,000 with 4 bedrooms, 2 full bathrooms, 1,452 square feet, 0.17-acre lot. This places it above the 78702 median of $740,000.
40 Waller St is zoned for Austin ISD with assigned schools: Sanchez (2/10) (elementary), Martin (2/10) (middle), Austin (7/10) (high). School assignments should be verified directly with the district.
40 Waller St is a Residential built in 1920 featuring 4 bedrooms, 2 full bathrooms, 1,452 square feet, 0.17-acre lot.
40 Waller St is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($240,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 40 Waller St is around $8,427 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+6.1% | — | $745,710 | — | — |
2024-22.0% | — | $702,943 | $450,000 | $293,108 |
2023+46.4% | — | $901,411 | $360,000 | $342,943 |
2022 | — | $615,785 | $450,000 | $451,411 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($240K)
$1,200,000
Luxury property intelligence
A sourced read on Lambies R C Resub Voss pricing, timing, and property scale. No automated valuation claim.
List price
$1,200,000
Price per sqft
$826/sqft
Vs. Lambies R C Resub Voss median
Not available
Days on market
190 days
Original to current
No verified reduction
$1.2M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 3, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
At $1,200,000, 40 Waller St is in the Lambies R C Resub Voss market where there are currently 139 active listings in 78702. The Keenan Group has completed 17 transactions in 78702 as part of 1,000+ career sales totaling $1B+ across Austin.
40 Waller St was built in 1920 (106 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
6 events on record
Current Price
$1,200,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+6.1% | — | $745,710 | — | — |
2024-22.0% | — | $702,943 | $450,000 | $293,108 |
2023+46.4% | — | $901,411 | $360,000 | $342,943 |
2022 | — | $615,785 | $450,000 | $451,411 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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