Active Listing  ·  59 days on market

1215 Fort Branch Blvd #2

Austin, TX 78721
$425,000
2 Bed 2 Bath 1,090 sqft $390/sqft Built 2025 0.21 acres Pool New Construction Lincoln Gardens 1

Welcome to 1215 Fort Branch Blvd #2, a brand-new build in one of East Austin's most sought-after pockets. This 2-bedroom, 2-bathroom home spans 1,090 square feet of smartly designed living space, featuring clean architectural lines, abundant natural light, and premium finishes selected with an eye for both style and durability. The open-concept layout flows effortlessly from kitchen to living area, ideal for everyday living or entertaining. A private, fenced yard offers a rare slice of outdoor space in the city, perfect for pets, morning coffee, or weekend gatherings, all secured behind a gated entry. Tucked in the East MLK neighborhood, you're minutes from the Mueller District, Boggy Creek Greenbelt, and a growing lineup of local restaurants and coffee shops, with easy access to downtown Austin. No HOA restrictions and no short-term rental limitations mean this home fits homeowners and investors alike. New construction, unbeatable location, and room to make it your own, 1215 Fort Branch #2 is East Austin living done right.

At $390/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,455 active listings. View Austin market report →

Location

1215 Fort Branch Blvd #2, Austin, TX 78721

Property Details

Price $425,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,090 sqft
Lot Size 0.21 acres (9,056.12 sqft)
Year Built 2025
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Lincoln Gardens 1
County Travis
Zip Code 78721
$/sqft $390/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,996.25
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT242951184
List Date August 10, 2026
Elementary School Norman-Sims
Middle School Garcia
High School Lyndon B Johnson (Austin ISD)
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.

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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 10, 2026 $435,000
Current ask $425,000
▼ Reduced $10,000 (-2.3%) 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
1206 Luna St #2
Chernosky No 9
$425,000 $465 2 bd / 3 ba 914 sqft , 2026-04-16
1115 Kirk Ave
Goodwin E C
$432,000 $460 3 bd / 1 ba 940 sqft , 2026-10-03
1122 Mason Ave
Harmony Heights Add Amd
$440,000 $459 3 bd / 1 ba 958 sqft , 2026-09-30
5005 Lott Ave #2
Masonfield
$409,000 $377 2 bd / 2 ba 1,084 sqft , 2026-07-02
1803 Elmira Rd
Grant Park
$445,000 $316 3 bd / 2 ba 1,409 sqft , 2026-10-03

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 · 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 17, 2026.

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