About This Home

This stylish 2-bedroom/ 2.5 -bath condo offers the perfect blend of comfort, privacy, and convenience in the heart of East Austin. Filled with natural light and modern finishes, the home features an inviting layout designed for easy living. One of this home's standout features is the balcony deck, an ideal setting for morning coffee and relaxation. Enjoy a private backyard with a view of trees and undeveloped green space, covered parking, and a tucked-away feel while still being just minutes from everything Austin has to offer — including walkable access to Manor Road and Mueller’s dining, shopping, parks, and entertainment.

At $485/sqft, this home is priced 24% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1312 E M Franklin Ave #2, Austin, TX 78721

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Property Details

Price $525,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths 1

Living Area 1,083 sqft

Lot Size 0.13 acres (5,802.19 sqft)

Year Built 2022

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Division B

County Travis

Zip Code 78721

$/sqft $485/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,353.32

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT231476956

List Date June 1, 2026

Elementary School Sims

Middle School Kealing

High School Northeast Early College

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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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

604 Springdale Rd
Pipkin Add 02 $525,000 $410 3 bd / 2 ba 1,282 sqft , 2026-04-07

8208 Stillwood Ln
Northtowne Sec 01 $525,000 $383 3 bd / 2 ba 1,372 sqft , 2026-02-28

1701 Simond Ave #206
Parkside/Mueller Condos $525,000 $452 2 bd / 2 ba 1,162 sqft , 2025-10-03

9910 Faylin Dr
Windsor Hills Sec 03 $525,000 $362 3 bd / 2 ba 1,450 sqft , 2026-05-16

1931 E 38th 1/2 St #32
Avion Park Condos Bldg 3 $525,000 $379 2 bd / 3 ba 1,385 sqft , 2026-06-05

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

$2,520/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

$105,000

20% conventional investment loan

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

Estimated Gross Rent+$2,520

Principal + Interest−$2,865

Property Tax (~2.1% TX avg)−$919

Insurance (~0.5%)−$219

Est. Monthly Cash Flow $-1,483

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

1312 E M Franklin Ave #2

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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