Active Listing  ·  26 days on market

1701 E Martin Luther King Jr Blvd #204

Austin, TX 78702
$599,950
2 Bed 2 Bath 1,302 sqft $461/sqft Built 2019 0.03 acres 1-Car Garage Pool SOL-MLK CONDOMINIUMS

You do not want to miss this one! Opportunities to own in this sought-after MLK building are exceptionally rare, as condos here seldom come to market. This spacious 2-bedroom, 1.5-bath residence offers approximately 1,300 square feet of modern living space, complete with a private rear balcony and thoughtfully designed energy-efficient features, including a high-performance building envelope, high-efficiency windows, mini-split HVAC system, tankless water heater, and ENERGY STAR® appliances. Residents enjoy convenient amenities such as three ground-level grab-and-go eateries, a shared xeriscape central courtyard, and a podium-level community deck. The home also includes one reserved covered garage parking space. Best of all, this unit is STR friendly. Ideally situated along E. Martin Luther King Jr. Blvd.—one of Austin’s primary east-west corridors—this prime location provides easy access to the UT campus, Dell Medical Center, the Texas Capitol, and Austin’s Central Business District, placing the best of the city just minutes away.

At $461/sqft, this home is priced 18% 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

1701 E Martin Luther King Jr Blvd #204, Austin, TX 78702

Property Details

Price $599,950
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,302 sqft
Lot Size 0.03 acres (1,433.12 sqft)
Year Built 2019
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision SOL-MLK CONDOMINIUMS
County Travis
Zip Code 78702
$/sqft $461/sqft
Days on Market ,
HOA $400/Monthly
Annual Tax Est. $9,801.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235718212
List Date July 9, 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
114 Havana St
Brinwood Sec 01
$599,990 $399 3 bd / 2 ba 1,504 sqft , 2026-06-06
8102 Fort Sumter Rd
Shiloh Ph 04 Sec 01
$599,999 $477 3 bd / 2 ba 1,257 sqft , 2026-08-01
3207 Carol Ann Dr
Walnut Hills Sec 05
$599,900 $435 3 bd / 2 ba 1,380 sqft , 2026-05-21
5105 Cornflower Dr
Greyrock Ridge Ph 2
$599,900 $345 3 bd / 2 ba 1,737 sqft , 2026-06-06
209 Woodward St
Woodward Indust District
$599,900 $553 3 bd / 2 ba 1,085 sqft , 2026-07-16

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
$2,880/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
$119,990
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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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