Active Listing  ·  133 days on market

101 E 33rd St #206

Austin, TX 78705
$299,900
3 Bed 2 Bath 1,165 sqft $257/sqft Built 1968 0.39 acres Pool Grooms Add

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 35% below the Austin active market average of $393/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

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 ,

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
101 E 33rd St #208
Grooms Add
$299,999 $258 3 bd / 2 ba 1,165 sqft , 2026-08-19
2220 Leon St #203
2220 Leon Condo Amd
$300,000 $348 2 bd / 2 ba 862 sqft , 2026-09-22
1910 Robbins Pl #105
Robbins Place Condo Amd
$299,000 $298 2 bd / 2 ba 1,005 sqft , 2026-01-28
2401 Leon St #210
Waterford Condo Amd
$299,000 $312 2 bd / 2 ba 958 sqft , 2026-07-14
3309 Grooms St #208
Escala At 34th Condo
$295,000 $338 2 bd / 1 ba 873 sqft , 2026-05-21

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

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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 June 12, 2026.

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