Active Listing  ·  221 days on market

1201 Grove Blvd #1604

Austin, TX 78741
$198,000
1 Bed 1 Bath 610 sqft $325/sqft Built 2005 0.05 acres 1-Car Garage Pool Boulevard A Condo Amd

FHA and VA Approved condo and live where Austin actually feels like Austin - the perfect mix of city energy and outdoor escape. Just minutes from Downtown Austin, you’re a quick Uber ride away from the best restaurants, live music, and nightlife the city has to offer—without the downtown price tag. Love being outside? You’re right by Roy G. Guerrero Colorado River Metro Park and the hike & bike trails, making it easy to get your steps in, hit the river, or take your dog out for an adventure anytime. This is a super dog-friendly area with plenty of green space to explore. You’re just a short drive to Austin-Bergstrom International Airport, making weekend getaways and work trips effortless. Looking ahead, this area is only getting better—with the upcoming Project Connect Light Rail and major retail + dining developments on the way, you’re buying into one of Austin’s fastest-growing pockets. Whether you’re grabbing coffee, heading downtown, biking the trails, or catching a flight, this location keeps you connected to everything that matters.

At $325/sqft, this home is 17% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1201 Grove Blvd #1604, Austin, TX 78741

Property Details

Price $198,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 610 sqft
Lot Size 0.05 acres (2,003.76 sqft)
Year Built 2005
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Boulevard A Condo Amd
County Travis
Zip Code 78741
$/sqft $325/sqft
Days on Market ,
HOA $297.6/Monthly
Annual Tax Est. $4,113.16
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT214522744
List Date December 26, 2025
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.

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
3000 Guadalupe St #116
Three Thousand Guadalupe Place
$198,000 $499 1 bd / 1 ba 397 sqft , 2026-04-29
2408 Longview St #110
Star West Condos
$198,500 $276 2 bd / 1 ba 720 sqft , 2026-03-12
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
1000 W 26th St #215
Escala
$199,000 $447 1 bd / 1 ba 445 sqft , 2026-05-14

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
$950/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$39,600
20% conventional investment loan

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

Estimated Gross Rent+$950
Principal + Interest−$1,081
Property Tax (~2.1% TX avg)−$347
Insurance (~0.5%)−$83
Est. Monthly Cash Flow $-561

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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