Active Listing  ·  37 days on market

1601 Miriam Ave #213

Austin, TX 78702
$250,000
1 Bed 1 Bath 640 sqft $391/sqft Built 2008 0.05 acres 1-Car Garage Pool Chestnut Commons A Condo

Welcome to your East Austin home! MLK Station is a three minute walk from the front door. From there, the Red Line runs downtown and north through Austin, and CapMetro Route 465 travels the same corridor directly to the University of Texas - only one ride to campus, the Capitol, and downtown. Owning here means a car is a convenience, not a requirement. Vaulted ceilings and a light filled southern exposure define the interior. Windows face south, north, and east, pulling daylight through the home from sunrise to sunset. There are no western windows, which means none of the punishing late-afternoon heat. The expanded ceiling height and light provide an airy spaciousness that makes the space live far larger than its footprint. The townhome-style layout places all living space on the second floor, above a private attached garage with first-floor entry. Solid flooring runs throughout the home. No carpet anywhere! The garage is attached and sizable, with a dedicated storage nook for bikes, luggage, and seasonal items. The neighborhood offers proximity and convenience. Sky Market is a short walk for daily essentials. Birdie's, Nixta Taqueria, King Bee, Nunya, The Wheel, and Sour Duck Market are all within the immediate East 12th and MLK corridor. Manor Road's coffee and restaurant row sits just north. H-E-B on East 7th and the Mueller district are minutes away by car. The HOA is professionally managed with reasonable dues. The refrigerator, washer, and dryer convey with an accepted offer, allowing you to move in on day one and start living. This property qualifies for an exclusive buyer incentive! Eligible buyers may receive lender credits toward closing costs and below-market financing options through a preferred lending partner, designed to enhance affordability and minimize buyer's costs. Contact the listing agent for details.

At $391/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,454 active listings. View Austin market report →

Location

1601 Miriam Ave #213, Austin, TX 78702

Property Details

Price $250,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 640 sqft
Lot Size 0.05 acres (2,260.76 sqft)
Year Built 2008
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Chestnut Commons A Condo
County Travis
Zip Code 78702
$/sqft $391/sqft
Days on Market ,
HOA $266.8/Monthly
Annual Tax Est. $5,551.13
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245402133
List Date September 1, 2026
Elementary School Campbell
Middle School Kealing
High School McCallum
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
3900 Berkman Dr #308
Concourse at Mueller Condominiums
$239,900 $472 1 bd / 1 ba 508 sqft , 2026-08-18
2113 E M Franklin Ave #88
George
$275,000 $446 1 bd / 1 ba 616 sqft , 2026-07-30
1807 Poquito St #41
Willow Branch Lofts
$224,900 $261 1 bd / 1 ba 863 sqft , 2026-07-27
2401 Manor Rd #119
East University Place
$215,000 $262 2 bd / 1 ba 820 sqft , 2026-06-05
2931 E 12th St #206
East End Flats Amd
$215,000 $330 1 bd / 1 ba 651 sqft , 2026-08-13

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
$1,200/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
$50,000
20% conventional investment loan

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

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (~2.1% TX avg)−$438
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-706

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 27, 2026.

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