About This Home

3-bedroom condo at Arches Condos offering 1,200 sqft with a functional, student-friendly layout. Each bedroom is well-sized, making it ideal for roommate living or leasing by the room. Located near Hancock Golf Course in the North Campus/UT area, with the University of Texas within walking distance. Easy access to nearby dining, retail, and major roads. Strong investment opportunity with consistent rental demand driven by the UT market. Works well for both investors and owner-occupants looking for a low-maintenance property in a prime location.

At $257/sqft, this home is 34% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

101 E 33rd St #206, Austin, TX 78705

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Property Details

Price $299,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,165 sqft

Lot Size 0.39 acres (17,027.6 sqft)

Year Built 1968

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Grooms Add

County Travis

Zip Code 78705

$/sqft $257/sqft

Days on Market ,

HOA $235/Monthly

Annual Tax Est. $2,988.33

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT229944866

List Date May 13, 2026

Elementary School Lee

Middle School Kealing

High School McCallum

School District ,

Have Questions About This Property?

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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

935 La Posada Dr #212
La Costa $299,900 $286 2 bd / 2 ba 1,050 sqft , 2024-02-09

745 E Oltorf St E #201
Council Ridge Condominia Amd $299,900 $325 2 bd / 1 ba 923 sqft , 2025-08-22

2509 Pearl St #7
Valencia Condo $299,900 $335 2 bd / 2 ba 895 sqft , 2026-02-05

8604 Dittmar Oaks Dr
Dittmar Crossing $299,900 $289 3 bd / 1 ba 1,036 sqft , 2026-04-06

6501 Brush Country Rd #109
Westcreek Landing Condo $299,900 $243 2 bd / 2 ba 1,232 sqft , 2025-11-14

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

$1,440/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

$59,980

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (~2.1% TX avg)−$525

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-847

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

101 E 33rd St #206

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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