$495,000
House2423 Lavendale, Austin, TX
Listings presented by Erik Applegate, REALTOR®Rudder Realty








12223 Old Stage Trl, Austin, TX 78750
Why Koti picked this home
This investment property features a 7.2% cap rate with a stylish primary bedroom on the main level.
The Austin Market’s Premier Investment Opportunity; Boasting a 7.2% Cap Rate and 5.2% Net Yield at list price. This property is a proven performer in one of the country’s most resilient markets. The Property has been gut-remodeled in 2022, this home features a sophisticated European contemporary design specifically curated to attract high-income professionals relocating to Austin. The 4-bedroom, 3-bathroom layout centers around an expansive open-concept living, dining, and kitchen area, framed by large windows that lead to a stunning, professionally landscaped backyard. Performance & Reliability * Near-Zero Vacancy: Since March 2022, the property has seen only 15 days of total vacancy across three tenants—strictly for "make-ready" transitions. * High Demand: Even in a shifting rental market, this home continues to attract multiple applications up to 45 days prior to availability. * Modern Essentials: Equipped with a chef-grade kitchen, ample storage, and a dedicated EV rapid charger. Key Financials: * Actual Cap Rate: 7.2% * Net Yield: 5.2% * Status: Turnkey / Fully Occupied

IDX data provided by Unlock MLS, distributed via MLS GRID.Listing courtesy of Giuseppe Rizzi, One Real Estate.
IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of Aug 17, 2026, 7:10 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing agent (MLS attribution)
Giuseppe Rizzi
One Real Estate
Listed— $495,000
Aug 3, 2026
Price history reflects changes Koti has observed through its MLS data feed and may not capture every change to this listing. Dates marked "approximate" reflect when Koti first recorded the value, not necessarily when the change actually occurred.