Active Listing  ·  122 days on market

1010 W 23rd St #3

Austin, TX 78705
$199,900
1 Bed 1 Bath 452 sqft $442/sqft Built 1975 1-Car Garage Pool Division D

This well-located West Campus condominium is an excellent opportunity for both investors and students alike. Featuring a cozy one-bedroom floor plan, the unit has been freshly painted and offers a clean, move-in-ready interior. A Euro-style washer and dryer provide added convenience while maximizing living space—perfect for student living.

Positioned just off 23rd Street, the property is only a 15-minute walk to campus, making it highly desirable for student tenants and ensuring consistent rental demand. The included reserved parking spot adds significant value in this high-demand area.

For investors, this condo presents strong rental potential in one of the most sought-after student markets. For students or parents, it offers a comfortable, low-maintenance home in a prime location close to campus, dining, and daily essentials.

Don’t miss this opportunity to own in the heart of West Campus, where location and demand work in your favor.

At $442/sqft, this home is priced 13% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1010 W 23rd St #3, Austin, TX 78705

Property Details

Price $199,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 452 sqft
Lot Size ,
Year Built 1975
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Division D
County Travis
Zip Code 78705
$/sqft $442/sqft
Days on Market ,
HOA $162/Monthly
Annual Tax Est. $3,407.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225085175
List Date April 4, 2026
Elementary School Bryker Woods
Middle School Kealing
High School Austin
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.

Schedule a Call →

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
1905 San Gabriel St #206
San Gabriel West
$199,900 $393 2 bd / 1 ba 509 sqft , 2026-07-30
304 E 33rd St #4
Ridgetop Condo
$199,990 $463 1 bd / 1 ba 432 sqft , 2026-05-12
11821 Bittern Holw #12
Reflections Of Walnut Creek I
$200,000 $374 1 bd / 1 ba 535 sqft , 2026-03-01
1800 Lavaca St #102
Greenwood Towers Amd
$199,000 $327 1 bd / 1 ba 608 sqft , 2026-04-24
3506 Speedway None #104
Pecan Walk Condo
$199,000 $395 1 bd / 1 ba 504 sqft , 2025-12-19

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
$960/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
$39,980
20% conventional investment loan

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

Estimated Gross Rent+$960
Principal + Interest−$1,091
Property Tax (~2.1% TX avg)−$350
Insurance (~0.5%)−$83
Est. Monthly Cash Flow $-564

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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