Active Listing  ·  71 days on market

1101 Grove Blvd #208

Austin, TX 78741
$280,000
2 Bed 3 Bath 1,048 sqft $267/sqft Built 2010 0.06 acres Pool Townhomes At Riverside Grove

In a gated pocket just off Riverside, this end-unit townhome keeps things simple in the best way: updated interiors, useful amenities, and quick access to some of East Austin’s best outdoor spots. With 2 bedrooms, 2.5 baths, and two assigned parking spaces, including one covered, the home is a solid fit for a primary residence, lock-and-leave setup, or investment property. The main level has a clean, open flow with rich LVP wide-plank flooring, bright white walls (freshly painted), recessed lighting, and space to create a comfortable living and dining setup. The kitchen keeps things sleek with countertops, stainless steel appliances, a breakfast bar, modern flat-panel cabinetry, and a fun built-in under-stair storage nook that is perfect for cookbooks, barware, spices, or pantry overflow. A half bath on the main level adds convenience for guests. Upstairs, both bedrooms have freshly replaced carpet and their own ensuite bath, giving the layout built-in privacy for roommates, guests, or a home office. Outside your front door, mature trees, xeriscape landscaping, and a gated community setting give the property a tucked-away feel without losing the city connection. Riverside Grove residents enjoy access to a community pool, fitness center, dog run, grilling stations, and shaded gathering areas. The location is a major win, with Roy G. Guerrero Park, Montopolis Arboretum trails, the Hike & Bike Trail, ACC Riverside, Riverside Golf Course, public transit, downtown Austin, ABIA, and the Riverside corridor all nearby. Easy to own, easy to enjoy, and right in the middle of a fast-moving Austin pocket.

Buyer to verify all info.

At $267/sqft, this home is 32% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1101 Grove Blvd #208, Austin, TX 78741

Property Details

Price $280,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,048 sqft
Lot Size 0.06 acres (2,744.28 sqft)
Year Built 2010
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Townhomes At Riverside Grove
County Travis
Zip Code 78741
$/sqft $267/sqft
Days on Market ,
HOA $233/Monthly
Annual Tax Est. $5,882.99
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232497544
List Date June 4, 2026
Elementary School Baty
Middle School Ojeda
High School Del Valle
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
4802 S Congress Ave #213
The Bend Condominiums
$280,000 $340 1 bd / 1 ba 824 sqft , 2026-03-13
909 Reinli St #103
Verandas At Uptown Condo
$280,000 $238 3 bd / 3 ba 1,176 sqft , 2026-04-14
13013 Titanium St
Harris Branch Tr E-68 Sec 1
$280,000 $230 3 bd / 2 ba 1,216 sqft , 2026-03-10
4815 Quicksilver Blvd
Silverstone Phs 1 Sec 2
$280,000 $260 3 bd / 2 ba 1,078 sqft , 2026-07-07
4501 Whispering Valley Dr #24
Whispering Valley Condo Amd
$280,000 $250 3 bd / 3 ba 1,119 sqft , 2026-07-30

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
$1,344/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
$56,000
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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 30, 2026.

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