Active Listing  ·  14 days on market

1401 Eva St #206

Austin, TX 78704
$720,000
2 Bed 2 Bath 972 sqft $741/sqft Built 2007 0.01 acres 1-Car Garage Pool 04 Flats Condo Amd

Positioned just steps from South Congress Avenue, this 2-bedroom, 1.5-bath condo offers 972 square feet of thoughtfully renovated living in the heart of 78704. The home underwent a full remodel in 2021, including a reworked kitchen, living spaces, primary bathroom, lighting, closets, secondary bedroom/study configuration and patio seating.

The kitchen features quartz countertops, updated cabinetry, a custom island, and upgraded appliances. The primary bathroom was redesigned with dual sinks, a floating vanity, custom tile work, updated fixtures, and an additional doorway for improved flow and access. The original loft style study was enclosed to create a flexible secondary bedroom, office, or guest space with added storage. Please see Listing ID 7990133 for before photos of this transformation. Full upgrade list available.

Major systems were replaced in 2024, including the HVAC, water heater, and washer/dryer. Additional upgrades include smart-home integrated lighting, custom blinds, a remodeled primary closet, and a custom hanging dining table on the private covered balcony overlooking Eva Street. Residents also enjoy access to a rooftop terrace with lounge seating and sweeping downtown views. One assigned garage parking space and a dedicated storage unit are included. With over $50,000 invested in improvements and a location just steps from South Congress dining, shopping, and entertainment, this home works beautifully as a primary residence, second home, or turnkey city retreat. HOA covers: maintenance grounds, maintenance structure, parking, pest control, security, sewer, gas, common area maintenance, insurance (walls out), landscaping, snow removal and trash.

At $741/sqft, this home is priced 89% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1401 Eva St #206, Austin, TX 78704

Property Details

Price $720,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 972 sqft
Lot Size 0.01 acres (396.4 sqft)
Year Built 2007
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 04 Flats Condo Amd
County Travis
Zip Code 78704
$/sqft $741/sqft
Days on Market ,
HOA $388.8/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246102778
List Date September 8, 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.

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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
84 East Ave #1810
Rainey District
$724,999 $685 2 bd / 2 ba 1,058 sqft , 2026-09-12
2805 S 5th St
Oak Ridge Heights Sec 03
$715,000 $611 2 bd / 1 ba 1,170 sqft , 2025-10-10
804 W Annie St #2
Bouldin
$725,000 $853 2 bd / 2 ba 850 sqft , 2026-07-02
2605 S 2nd St #2
2605 South 2nd Street Condominiums
$729,000 $564 3 bd / 4 ba 1,292 sqft , 2026-06-25
48 East Ave #1809
Natiivo
$699,000 $712 2 bd / 2 ba 982 sqft , 2026-07-27

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
$3,456/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
$144,000
20% conventional investment loan

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

Estimated Gross Rent+$3,456
Principal + Interest−$3,929
Property Tax (~2.1% TX avg)−$1,260
Insurance (~0.5%)−$300
Est. Monthly Cash Flow $-2,033

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 19, 2026.

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