$324,900

Property Overview

This North Austin condo at 11815 Lochridge Drive presents a compelling investment opportunity in the established Gracy Farms neighborhood, already approved by the City of Austin as a short-term rental with a proven monthly income stream of approximately $5,500. The modernized 1,150-square-foot layout features three bedrooms, updated cabinetry, quartz-style countering, and contemporary finishes throughout, anchored by a wood-burning fireplace in the living area. The open floor plan balances comfortable residential living with guest appeal, making it equally suitable for owner-occupancy or hands-off rental management.

Priced at $324,900—well below the area median—this property delivers immediate cash flow potential for investors and house hackers seeking to leverage Austin's robust short-term rental market. The substantial 9,086-square-foot lot offers room for future expansion or additional development possibilities. Located within one of Austin's strongest rental corridors, 11815 Lochridge Drive combines location advantage with income-generating credentials that appeal to both owner-occupants and investment-focused buyers.

Vox Residential Insight

We're seeing strong demand for pre-approved STR properties in Gracy Farms, and this one's existing income validation removes significant uncertainty for investors evaluating market potential. At this price point with established rental credentials, it represents one of the better risk-adjusted entry points we've found in North Austin's rental-friendly corridors.

Agent Description

All information on the MLS to be verified by buyers and buyers agent. Tucked away in the heart of North Austin’s desirable Gracy Farms area, this beautifully updated property offers a rare blend of flexibility, location, and proven income potential. 11815 Lochridge #A is already approved by the City of Austin as a short-term rental, creating an outstanding opportunity for investors, house hackers, or buyers looking to offset their mortgage with immediate cash flow. The property currently generates approximately $5,500 per month in rental income, making it an attractive turnkey investment in one of Austin’s strongest rental corridors. Inside, the home features a stylish modern remodel with updated flooring, contemporary finishes, and an open, functional layout designed for comfortable living and guest appeal alike. The spacious living area includes a cozy wood-burning fireplace, while the kitchen offers updated cabinetry, quartz-style counters, and ample prep space perfect for entertaining or extended stays. Natural light fills the home, creating a warm and inviting atmosphere throughout. Located just minutes from The Domain, major tech employers, shopping, dining, and entertainment, the property provides easy access to Mopac, Hwy 183, and Downtown Austin. Guests and residents alike will appreciate the convenience of being close to parks, restaurants, and Austin’s thriving business district while still enjoying the peace of a quiet neighborhood. Whether you are searching for a high-performing short term rental investment, a low-maintenance income property, or a move-in-ready North Austin home with excellent upside, 11815 Lochridge #A delivers exceptional versatility and long-term value in a prime Austin location!

Property Details

Listing data last updated: May 19, 2026

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