Active Listing  ·  25 days on market

1509 W 39th 1/2 St #208

Austin, TX 78756
$264,900
1 Bed 1 Bath 701 sqft $378/sqft Built 1988 0.35 acres Pool Dow A I Add

Welcome to this charming top-end unit located on a private dead-end street in the heart of Central Austin. This prime location offers both tranquility and convenience, just one block away from the scenic Shoal Creek and the renowned Hike and Bike Trail. Enjoy the peacefulness of a quiet neighborhood while being just minutes from all the vibrant attractions and amenities that Central Austin has to offer. The unit comes with a reserved parking spot, ensuring you always have a convenient place to park. Major updates to the building include new fencing, new roof, upgraded siding, paint and new windows to provide climate control efficiency. Whether you're working from home or exploring the city, this property provides the perfect balance of comfort and accessibility. Don't miss out on this exceptional opportunity to live in one of Austin’s most sought-after locations!

At $378/sqft, this home is 3% 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

1509 W 39th 1/2 St #208, Austin, TX 78756

Property Details

Price $264,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 701 sqft
Lot Size 0.35 acres (15,202.44 sqft)
Year Built 1988
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Dow A I Add
County Travis
Zip Code 78756
$/sqft $378/sqft
Days on Market ,
HOA $235/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239434989
List Date July 10, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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 →

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 · July 10, 2026 $275,000
Current ask $264,900
Reduced $10,100 (-3.7%) 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
712 Graham Pl #203
Sabinal Condo
$264,900 $353 2 bd / 2 ba 751 sqft , 2026-02-09
507 Sabine St #404
Sabine On 05 Residential Condo
$264,900 $364 1 bd / 1 ba 728 sqft , 2026-07-03
4802 S Congress Ave #217
Bend Condos
$265,000 $321 1 bd / 1 ba 825 sqft , 2025-12-31
2901 San Jacinto Blvd #204
Oakview Condo
$265,000 $408 1 bd / 1 ba 650 sqft , 2026-04-21
2300 Leon St #101
Twenty 03 Hundred Leon Condo
$264,500 $356 2 bd / 2 ba 742 sqft , 2026-06-27

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
$1,272/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
$52,980
20% conventional investment loan

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

Estimated Gross Rent+$1,272
Principal + Interest−$1,446
Property Tax (~2.1% TX avg)−$464
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-748

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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