Active Listing  ·  20 days on market

1101 Grove Blvd #306

Austin, TX 78741
$269,000
2 Bed 3 Bath 1,214 sqft $222/sqft Built 2014 0.06 acres Pool Townhomes At Riverside Grove

This condo/townhome is an excellent investment opportunity in Austin. This residence embodies a sophisticated living experience designed for comfort and ease. Perfect for roommates, downsizers, and parents of UT students.

Why pay rent? This is a sound financial investment. With windows on both sides of the property, natural light streams in everywhere. Whether you're upstairs or downstairs, this condo is inviting and comfortable. The kitchen, a central hub for daily routines and entertaining, features a thoughtfully designed backsplash, a practical peninsula, and elegant quartz countertops, plus a convenient bar for relaxed dining or casual gatherings. This space encourages culinary exploration and effortless social interaction within a refined setting. The two bedrooms offer peaceful retreats and ensuite bathrooms, ensuring privacy. A downstairs powder room adds convenience. Outside, the property adds to its appeal with a private, fenced back patio, ideal for quiet contemplation or vibrant outdoor activities. The community also has a BBQ area, garden, pool, and a gym for your enjoyment. An outdoor dining area beckons for leisurely meals under the open sky, while the community pool offers a refreshing amenity for recreation and relaxation, enhancing the overall lifestyle appeal. This condominium allows for a desirable Austin lifestyle. 10 Minutes to DT Austin. Head downtown for concerts, restaurants, and shows. Close to the new Light Rail and the UT Shuttle, this gated-complex location in East Riverside is ideal.

Walk to shops, restaurants, and everything that the East Side has to offer. Schedule your showing today.

At $222/sqft, this home is 43% 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 #306, Austin, TX 78741

Property Details

Price $269,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,214 sqft
Lot Size 0.06 acres (2,731.21 sqft)
Year Built 2014
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Townhomes At Riverside Grove
County Travis
Zip Code 78741
$/sqft $222/sqft
Days on Market ,
HOA $366/Monthly
Annual Tax Est. $6,065.25
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250704144
List Date October 23, 2026
Elementary School Baty
Middle School Ojeda
High School Del Valle
School District Del Valle ISD

Del Valle ISD

Baty · Ojeda · Del Valle

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
6900 E Riverside Dr #31
Arbors At Riverside Condo The
$270,000 $206 2 bd / 3 ba 1,312 sqft , 2026-06-23
6900 E Riverside Dr #12
Arbors At Riverside Condo The
$275,000 $210 2 bd / 3 ba 1,312 sqft , 2026-06-01
6026 Bluebell Cir
Country Club Gardens Sec 07
$255,500 $276 3 bd / 1 ba 925 sqft , 2026-08-21
1827 River Crossing Cir #C
River Crossing Condo
$245,000 $223 2 bd / 3 ba 1,100 sqft , 2026-01-07
1212 Lily Ter #2
Country Club Gardens
$239,900 $220 2 bd / 3 ba 1,088 sqft , 2026-07-29

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
$1,291/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
$53,800
20% conventional investment loan

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

Estimated Gross Rent+$1,291
Principal + Interest−$1,468
Property Tax (assumed ~2.1%)−$471
Insurance (assumed ~0.5%)−$112
Est. Monthly Cash Flow $-760

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 · 41 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. The written content was last updated on November 7, 2026.

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

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