Active Listing  ·  23 days on market

1202 Newning Ave #208

Austin, TX 78704
$239,990
1 Bed 1 Bath 660 sqft $364/sqft Built 1966 0.02 acres Pool Madrid Condo

Welcome to Unit 208 at 1202 Newning Avenue! This centrally located, move-in-ready 1-bedroom, 1-bath condo offers an incredible opportunity to own or invest in the heart of historic Travis Heights. Located just TWO BLOCKS from South Congress and a quick walk to its restaurants, bars, and shops, the property also offers easy access to Lady Bird Lake, Downtown Austin, Rainey Street, Zilker Park, South Lamar, and South First. The second-floor unit features an open layout, updated flooring throughout, quartz countertops, stainless steel appliances, pantry, 2 spacious bedroom closets, and an in-unit stackable washer and dryer. Community amenities include a swimming pool, green space with grilling areas, and a 3rd-floor terrace with seating and beautiful downtown skyline views. HOA allows short-term rentals, making this a great option for a primary residence, Austin getaway, or investment property. Open, on-site parking included. A must see!

At $364/sqft, this home is 7% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1202 Newning Ave #208, Austin, TX 78704

Property Details

Price $239,990
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 660 sqft
Lot Size 0.02 acres (797.15 sqft)
Year Built 1966
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Madrid Condo
County Travis
Zip Code 78704
$/sqft $364/sqft
Days on Market ,
HOA $500/Monthly
Annual Tax Est. $4,609.58
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244788168
List Date August 31, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
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 · August 31, 2026 $245,000
Current ask $239,990
Reduced $5,010 (-2.0%) 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
300 Crockett St #315
Courtyard Condo Amd
$244,900 $354 1 bd / 1 ba 692 sqft , 2026-05-14
44 East Ave #1208
44 East Avenue Condominiums
$231,288 $292 2 bd / 2 ba 793 sqft , 2026-08-24
300 Crockett St #210
Courtyard Condo Amd
$225,000 $351 1 bd / 1 ba 641 sqft , 2026-07-08
2215 Post Rd #2072
Travis Oaks Condo Amd
$259,000 $425 1 bd / 1 ba 610 sqft , 2026-08-27
2215 Post Rd #2044
Travis Oaks Condo Amd
$259,000 $378 1 bd / 1 ba 685 sqft , 2026-09-07

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
$1,152/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
$47,998
20% conventional investment loan

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

Estimated Gross Rent+$1,152
Principal + Interest−$1,310
Property Tax (~2.1% TX avg)−$420
Insurance (~0.5%)−$100
Est. Monthly Cash Flow $-678

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 →
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 September 21, 2026.

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