Active Listing  ·  12 days on market

1322 E 12th St #202

Austin, TX 78702
$575,000
2 Bed 2 Bath 1,619 sqft $355/sqft Built 2020 Pool Angelina + 12th Condominiums

Welcome to the largest 2-bedroom lock-and-leave condominium in the heart of walkable 78702. Thoughtfully designed with hardwood floors throughout, soaring 10-foot ceilings, and floor-to-ceiling windows, this light-filled residence offers an exceptional blend of style, comfort, and convenience.

At the heart of the home is a beautifully appointed kitchen featuring custom cabinetry, stainless steel appliances, and an oversized island perfect for cooking, gathering, and entertaining. The open-concept layout flows seamlessly into the spacious living and dining areas, extending to a private covered balcony—an ideal spot to enjoy your morning coffee or unwind with a glass of wine.

The spacious primary suite is a true retreat, complete with a large walk-in closet, abundant natural light, a private covered balcony, and a luxurious ensuite bath featuring dual vanities and an oversized glass-enclosed shower.

A generously sized secondary bedroom and full guest bath with a soaking tub provide the perfect setup for guests, roommates, or a home office.

The location is what truly sets this home apart. Enjoy walkability to some of East Austin's most iconic restaurants, including Franklin Barbecue, Paperboy, Nixta Taqueria, Sour Duck Market, and more. Just minutes from Downtown Austin, Lady Bird Lake, and the University of Texas, you'll have easy access to the city's best dining, entertainment, and outdoor recreation.

Additional highlights include all appliances conveying, two reserved covered parking spaces, and an HOA that allows owners to utilize the home as a short-term rental for up to 14 days per year, providing the opportunity to generate income during high-demand events like ACL, SXSW, and Formula 1.

At $355/sqft, this home is 9% 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

1322 E 12th St #202, Austin, TX 78702

Property Details

Price $575,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,619 sqft
Lot Size ,
Year Built 2020
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Angelina + 12th Condominiums
County Travis
Zip Code 78702
$/sqft $355/sqft
Days on Market ,
HOA $551/Monthly
Annual Tax Est. $11,442
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242284506
List Date August 11, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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 →

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
1184 Navasota St
Robertson George L
$595,000 $420 3 bd / 2 ba 1,417 sqft , 2026-06-23
1801 Lavaca St #6E
Cambridge Condo Amd
$599,000 $463 2 bd / 2 ba 1,294 sqft , 2026-03-31
1608 Ulit Ave #A
1608 Ulit Ave Condos
$599,000 $479 3 bd / 2 ba 1,250 sqft , 2026-05-25
1701 E Martin Luther King Jr Blvd #204
SOL-MLK CONDOMINIUMS
$599,950 $461 2 bd / 2 ba 1,302 sqft , 2026-07-09
800 Embassy Dr #337
Tyndall at Robertson Hill Condominiums
$550,000 $409 2 bd / 2 ba 1,344 sqft , 2025-09-11

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
$2,760/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
$115,000
20% conventional investment loan

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

Estimated Gross Rent+$2,760
Principal + Interest−$3,138
Property Tax (~2.1% TX avg)−$1,006
Insurance (~0.5%)−$240
Est. Monthly Cash Flow $-1,624

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 August 17, 2026.

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