About This Home

Prime opportunity in a highly desirable location near UT—this 2-bedroom, 2-bath condo is ideal for students seeking in-state tuition or investors alike. The unit offers a bright, open layout with vaulted ceilings, a spacious living area, and a versatile loft perfect for a home office or guest space. The kitchen features a skylight for added natural light, while each bedroom provides privacy—one with an ensuite bath and the other with access to a full bath. Both bedrooms include private balconies, with convenient access to nearby public transportation, and just minutes from campus, dining, shopping, and leisure spots. Photos were taken when property was vacant.

At $297/sqft, this home is 24% 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

1010 W 23rd St #2, Austin, TX 78705

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Property Details

Price $249,900

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 842 sqft

Lot Size 0.02 acres (1,045.44 sqft)

Year Built 1975

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Westwood Condo

County Travis

Zip Code 78705

$/sqft $297/sqft

Days on Market ,

HOA $490/Monthly

Annual Tax Est. $6,147.74

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT224340825

List Date April 6, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · April 6, 2026 $299,000

Previous ask $269,900

Current ask $249,900

▼ Reduced $49,100 (-16.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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

2612 SAN PEDRO ST A-118 None
Treehouse Condominiums $249,900 $389 1 bd / 1 ba 642 sqft , 2026-05-08

2207 Leon St #307
Leon Place Condos $249,500 $454 1 bd / 1 ba 549 sqft , 2026-04-05

803 W 28th St #106
San Pedro Oaks Condo $245,999 $352 2 bd / 2 ba 699 sqft , 2026-03-05

2414 Longview St #101
Winchester Condo $245,000 $342 2 bd / 1 ba 716 sqft , 2026-02-24

1808 Rio Grande St #2
Gables Condo $245,000 $400 1 bd / 2 ba 612 sqft , 2026-05-29

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

$1,200/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

$49,980

20% conventional investment loan

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

Estimated Gross Rent+$1,200

Principal + Interest−$1,364

Property Tax (~2.1% TX avg)−$437

Insurance (~0.5%)−$104

Est. Monthly Cash Flow $-705

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

About the Author

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 3, 2026.

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

1010 W 23rd St #2