About This Home

Highly Desirable Lamplight West Unit B! This spacious 2-bedroom, 2-bath condo offers a comfortable open layout with a cozy fireplace, covered patio, and private fenced yard. The fully upgraded kitchen features modern finishes and ample cabinet and counter space. Conveniently located near The Domain, shopping, dining, major employers, and major highways. Unit B is a separately configured condominium unit, offering a great opportunity for an owner-occupant or investor.

This 2-unit building has no HOA dues because there is there is no shared common space, and each unit has ownership of their 1/2 of the lot

At $281/sqft, this home is 28% 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

12808 Chromite St #B, Austin, TX 78727

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Property Details

Price $299,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,064 sqft

Lot Size 0.14 acres (6,098.4 sqft)

Year Built 1985

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Lamplight West Sec 02

County Travis

Zip Code 78727

$/sqft $281/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,490.09

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT243669955

List Date August 18, 2026

Elementary School Summitt

Middle School Murchison

High School Anderson

School District ,

Have Questions About This Property?

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 18, 2026 $339,000

Previous ask $329,000

Current ask $299,000

▼ Reduced $40,000 (-11.8%) 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

12811 Copper Cliff Ave #B
Lamplight West $290,000 $347 2 bd / 1 ba 835 sqft , 2026-07-27

12323 Emery Oaks Rd
North Star Sec 05 $290,000 $315 2 bd / 2 ba 920 sqft , 2026-10-07

12517 Limerick Ave
Lamplight Village Sec 01 $275,000 $273 3 bd / 2 ba 1,007 sqft , 2026-07-21

13100 Billiem Dr
Scofield Farms Ph 01 Sec 01 $329,000 $233 3 bd / 2 ba 1,412 sqft , 2026-08-13

2632 Century Park Blvd #60
Century Park Condo $229,900 $169 2 bd / 3 ba 1,358 sqft , 2026-02-01

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

$1,435/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

$59,800

20% conventional investment loan

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

Estimated Gross Rent+$1,435

Principal + Interest−$1,632

Property Tax (~2.1% TX avg)−$523

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-845

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 8, 2026.

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

12808 Chromite St #B