Active Listing  ·  60 days on market

1118 Northwestern Ave #A

Austin, TX 78702
$224,000
1 Bed 1 Bath 480 sqft $467/sqft Built 2009 0.07 acres Pool East Village Condo

Discover an affordable opportunity to own in the heart of East Austin. Located at 1118 Northwestern Ave. #A, this thoughtfully designed 1-bedroom, 1-bath home makes the most of its 480 square feet with a functional layout, modern comfort, and low-maintenance living.

Priced at just $299,000, this property offers a rare entry point into one of Austin's most sought-after neighborhoods. Whether you're a first-time buyer, investor, or someone looking to simplify without sacrificing location, you'll appreciate the convenience of being just minutes from Downtown Austin, local restaurants, coffee shops, parks, and entertainment such as Desundo Coffee, Murray's Tavern, East Side Night Life, Tacos Veracruz and Boggy Creek Greenbelt!

Enjoy all that East Austin has to offer from a home that's efficient, approachable, and exceptionally well-positioned. Affordable, attainable, and close to everything—this is Austin living made simple.

At $467/sqft, this home is priced 19% 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

1118 Northwestern Ave #A, Austin, TX 78702

Property Details

Price $224,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 480 sqft
Lot Size 0.07 acres (3,223.44 sqft)
Year Built 2009
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision East Village Condo
County Travis
Zip Code 78702
$/sqft $467/sqft
Days on Market ,
HOA $125/Monthly
Annual Tax Est. $5,240
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229340804
List Date June 5, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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 →

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 · June 5, 2026 $299,999
Previous ask $249,999
Current ask $224,000
Reduced $75,999 (-25.3%) 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
910 Duncan Ln #50
Pointe Condominiums Amended The
$225,000 $359 1 bd / 1 ba 626 sqft , 2026-03-08
2804 Rio Grande St #201
Westview Condo
$225,000 $391 1 bd / 1 ba 576 sqft , 2026-05-01
4303 Creek Ledge None #B-1
Stoneledge
$225,000 $397 1 bd / 1 ba 567 sqft , 2026-07-23
2802 Nueces St #306
Wedgewood Condo
$222,000 $597 1 bd / 1 ba 372 sqft , 2026-05-16
900 S 1st St #320
900 S 1st St Condos
$220,000 $442 1 bd / 1 ba 498 sqft , 2026-03-04

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
$1,075/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
$44,800
20% conventional investment loan

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

Estimated Gross Rent+$1,075
Principal + Interest−$1,222
Property Tax (~2.1% TX avg)−$392
Insurance (~0.5%)−$93
Est. Monthly Cash Flow $-632

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →