About This Home

Travis Heights neighborhood next to downtown Austin. Pool onsite. Third floor community terrace with a beautiful view of downtown. Condo with dishwasher, washer/dryer and walk in closets. Wood floors through out with stainless steel appliances. It is a first floor unit with a small patio area. Open, on-site parking. Quick walk to South Congress restaurants and shops. - HOA approves short-term rentals.

At $351/sqft, this home is 10% 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

1202 Newning Ave #100, Austin, TX 78704

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Property Details

Price $324,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 924 sqft

Lot Size 0.03 acres (1,141.27 sqft)

Year Built 1966

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Madrid

County Travis

Zip Code 78704

$/sqft $351/sqft

Days on Market ,

HOA $425.21/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT249622641

List Date October 12, 2026

Elementary School Travis Hts

Middle School Lively

High School Travis

School District ,

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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

2215 Post Rd #1039
Travis Oaks Condo Amd $325,000 $345 2 bd / 3 ba 941 sqft , 2026-09-01

2303 East Side Dr #210
Creekside Terrace Condo $325,000 $294 2 bd / 2 ba 1,105 sqft , 2026-10-08

603 Davis St #907
Shore A Condo Amd The $330,000 $375 1 bd / 1 ba 879 sqft , 2026-09-18

54 Rainey St #811
Milago Condo Amd $339,000 $448 1 bd / 1 ba 756 sqft , 2026-06-05

2215 Post Rd #2055
Travis Oaks Condo Amd $340,000 $376 2 bd / 2 ba 905 sqft , 2026-10-10

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

$1,555/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

$64,800

20% conventional investment loan

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

Estimated Gross Rent+$1,555

Principal + Interest−$1,768

Property Tax (~2.1% TX avg)−$567

Insurance (~0.5%)−$135

Est. Monthly Cash Flow $-915

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

About the Author

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 13, 2026.

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

1202 Newning Ave #100

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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