Active Listing  ·  19 days on market

1703 Perez St #2

Austin, TX 78721
$525,000
3 Bed 2 Bath 1,081 sqft $486/sqft Built 2018 0.07 acres Pool 1703 Perez Street Condos

Welcome to the heart of East Austin. Offering three bedrooms and two full bathrooms, this home stands out in an area where most comparable homes feature just two bedrooms. Contemporary finishes, elevated ceilings, an open-concept layout, and a spacious kitchen with a large quartz island create a home that’s both stylish and functional.

From the moment you walk in, you’ll notice the expansive windows and sliding glass doors, providing a seamless indoor-outdoor living experience as it opens to an upgraded 20’ x 20’ Brazilian massaranduba hardwood deck. Just beyond, a secluded fire pit lounge with sleek corten steel edging offers a second outdoor living space perfect for entertaining or relaxing under the trees. Inside, the spacious primary suite includes a well-appointed ensuite bathroom with dual vanities, a walk-in shower, and ample storage.

Additional highlights include a tankless water heater, covered carport, oversized driveway, and an unbeatable location. Just minutes from Downtown Austin, Mueller, and some of East Austin's best restaurants, breweries, and coffee shops, with convenient access to I-35, US-183, and Austin-Bergstrom International Airport. Outdoor enthusiasts will appreciate nearby Boggy Creek Greenbelt Trail, Givens District Park with its tennis and basketball courts, picnic areas, and community pool. Commuting is easy with the MLK Light Rail Station only a five-minute walk from the home, providing quick access to Downtown Austin, The Domain, and destinations throughout the city.

At $486/sqft, this home is priced 24% 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

1703 Perez St #2, Austin, TX 78721

Property Details

Price $525,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,081 sqft
Lot Size 0.07 acres (3,166.81 sqft)
Year Built 2018
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision 1703 Perez Street Condos
County Travis
Zip Code 78721
$/sqft $486/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,897.21
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240057504
List Date July 16, 2026
Elementary School Sims
Middle School Garcia
High School Northeast 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.

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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
604 Springdale Rd
Pipkin Add 02
$525,000 $410 3 bd / 2 ba 1,282 sqft , 2026-04-07
8208 Stillwood Ln
Northtowne Sec 01
$525,000 $383 3 bd / 2 ba 1,372 sqft , 2026-02-28
1701 Simond Ave #206
Parkside/Mueller Condos
$525,000 $452 2 bd / 2 ba 1,162 sqft , 2025-10-03
9910 Faylin Dr
Windsor Hills Sec 03
$525,000 $362 3 bd / 2 ba 1,450 sqft , 2026-05-16
1312 E M Franklin Ave #2
Division B
$525,000 $485 2 bd / 3 ba 1,083 sqft , 2026-06-01

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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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