Active Listing  ·  16 days on market

1010 W 23rd St #5

Austin, TX 78705
$195,000
1 Bed 1 Bath 452 sqft $431/sqft Built 1975 0.01 acres Pool Westwood Condo

Discover an excellent investment opportunity in Austin's vibrant West Campus neighborhood! This updated, first-floor, 1-bedroom, 1-bathroom condominium offers 452 square feet of thoughtfully designed living space just minutes from the University of Texas.

Inside, you'll find an updated kitchen, vinyl flooring, and an in-unit washer and dryer. A private brick patio provides a welcoming outdoor retreat—a rare bonus in this sought-after location.

Enjoy convenient access to UT Austin, local restaurants, coffee shops, shopping, and entertainment. Whether you're expanding your investment portfolio or planning for future personal use, this property offers an attractive opportunity in one of Austin's most recognizable neighborhoods.

Currently tenant-occupied with a lease in place through July 31, 2027.

At $431/sqft, this home is priced 10% 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 #5, Austin, TX 78705

Property Details

Price $195,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 452 sqft
Lot Size 0.01 acres (535.79 sqft)
Year Built 1975
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Westwood Condo
County Travis
Zip Code 78705
$/sqft $431/sqft
Days on Market ,
HOA $257/Monthly
Annual Tax Est. $3,904.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249438887
List Date October 9, 2026
Elementary School Bryker Woods
Middle School O Henry
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
1800 Lavaca St #A613
Greenwood Towers Amd
$197,770 $345 1 bd / 1 ba 573 sqft , 2026-06-23
1800 Lavaca St #102
Greenwood Towers Amd
$199,000 $327 1 bd / 1 ba 608 sqft , 2026-04-24
1905 San Gabriel St #206
San Gabriel West
$199,900 $393 2 bd / 1 ba 509 sqft , 2026-07-30
2207 Leon St #203
Leon Street Condominiums
$199,900 $363 1 bd / 1 ba 550 sqft , 2026-10-19
3008 Cedar St #4
Fruth Add
$190,000 $417 1 bd / 1 ba 456 sqft , 2026-06-16

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
$936/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
$39,000
20% conventional investment loan

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

Estimated Gross Rent+$936
Principal + Interest−$1,064
Property Tax (~2.1% TX avg)−$341
Insurance (~0.5%)−$81
Est. Monthly Cash Flow $-550

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 October 10, 2026.

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