Active Listing  ·  38 days on market

1003 Valdez St #A

Austin, TX 78741
$350,000
2 Bed 3 Bath 1,125 sqft $311/sqft Built 2017 0.15 acres Pool Chernosky 16

Located in Southeast Austin, this modern 2-bedroom, 2.5-bath home offers a bright, open layout designed for comfortable everyday living. High ceilings and abundant natural light enhance the spacious feel of the main level, while stained concrete floors add a clean, contemporary touch. The kitchen flows seamlessly into the living and dining areas and features quartz countertops, a tile backsplash, stainless steel appliances, a generous pantry, and a peninsula with bar seating. Upstairs, both bedrooms offer the privacy of their own ensuite bathrooms, each complete with a walk-in shower. Outside, a private backyard shaded by a mature tree provides a peaceful setting to relax or entertain, while a backyard shed offers convenient additional storage. Situated in Southeast Austin, the home offers easy access to some of the city's best outdoor recreation and entertainment. Roy G. Guerrero Colorado River Metro Park and the Lady Bird Lake hike-and-bike trail are nearby, while McKinney Falls State Park is only 10 minutes away. Downtown and East Austin are just a short drive away for restaurants, coffee shops, nightlife, shopping, and entertainment, and the Austin-Bergstrom International Airport is only five minutes away.

At $311/sqft, this home is 21% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1003 Valdez St #A, Austin, TX 78741

Property Details

Price $350,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,125 sqft
Lot Size 0.15 acres (6,708.24 sqft)
Year Built 2017
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 16
County Travis
Zip Code 78741
$/sqft $311/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243186771
List Date August 16, 2026
Elementary School Allison
Middle School Lively
High School Eastside Early College
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
6409 Del Monte Rd
Mohle Add
$350,000 $393 2 bd / 1 ba 890 sqft , 2026-06-09
6303 Santos St #A
6303 Santos Site Condos
$349,900 $309 2 bd / 3 ba 1,134 sqft , 2026-08-27
917 Vargas Rd #B
VARGAS ROAD SITE CONDOMINIUMS
$340,000 $330 2 bd / 2 ba 1,031 sqft , 2026-08-21
1108 Vasquez St
Chernosky 16
$330,000 $258 3 bd / 2 ba 1,280 sqft , 2025-02-26
706 Valdez St #2
Valdez Condominiums
$329,900 $303 2 bd / 3 ba 1,087 sqft , 2026-07-10

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,680/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$70,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 20, 2026.

📞 (254) 718-2567 [email protected] More about Luke →