Active Listing  ·  3 days on market

1706 Redd St #2

Austin, TX 78745
$260,000
3 Bed 2 Bath 1,021 sqft $255/sqft Built 2026 0.05 acres Pool New Construction 1706 Redd Condos

Incomplete construction: sold As-IS. This home is ready for a construction professional to come in and complete the remaining finish-outs. This is a bank-owned property and no disclosures are available. Please contact listing agent with any questions.

At $255/sqft, this home is 35% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1706 Redd St #2, Austin, TX 78745

Property Details

Price $260,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,021 sqft
Lot Size 0.05 acres (2,252.05 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision 1706 Redd Condos
County Travis
Zip Code 78745
$/sqft $255/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,783.89
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246750577
List Date October 5, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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
3819 Southway Dr #211
SOUTHRIDGE SEC 2
$260,000 $317 2 bd / 1 ba 820 sqft , 2026-08-07
3801 Menchaca Rd #24
COACHLIGHT CONDOMINIUMS PHS I-III
$274,000 $273 2 bd / 2 ba 1,005 sqft , 2026-09-11
3809 Menchaca Rd #C
Coachlight Square
$275,000 $273 2 bd / 2 ba 1,008 sqft , 2026-05-26
3204 Menchaca Rd #105
Ivy 78704 Condo Amd The
$225,000 $245 2 bd / 2 ba 920 sqft , 2026-04-18
4800 Westgate Blvd #103
West Gate Square
$225,000 $243 2 bd / 2 ba 925 sqft , 2026-05-02

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
$1,248/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
$52,000
20% conventional investment loan

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

Estimated Gross Rent+$1,248
Principal + Interest−$1,419
Property Tax (~2.1% TX avg)−$455
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-734

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 October 6, 2026.

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