Active Listing  ·  58 days on market

1708 E M Franklin Ave #A

Austin, TX 78721
$630,000
3 Bed 3 Bath 1,863 sqft $338/sqft Built 2016 0.13 acres 2-Car Garage Pool 1708 E M Franklin Condominiums

Modern living steps from Mueller. This 2016-built 3-bedroom, 3-bath home at 1,863 square feet delivers the kind of design and finish level that East Austin is known for. Clean-lined architecture with stucco, standing seam metal, and rich wood detailing sits under mature trees on a quiet stretch of Em Franklin.

Inside, polished concrete floors run through an open living and kitchen space with high ceilings and natural light through plantation shutters. The kitchen features flat-panel cabinetry, quartz countertops, a stacked tile backsplash, gas range, and a center island. The primary suite includes a spa-style walk-in shower with natural stone tile, pebble flooring, rain shower head, and clerestory windows.

Out back, a private turf yard with sliding glass door access offers low-maintenance outdoor space shaded by mature trees. Horizontal wood privacy fencing keeps the feel secluded while you're minutes from Mueller's shops, restaurants, trails, and the Thinkery.

Priced to allow the next owner to make it their own. Sold as-is.

At $338/sqft, this home is 14% 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

1708 E M Franklin Ave #A, Austin, TX 78721

Property Details

Price $630,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,863 sqft
Lot Size 0.13 acres (5,488.56 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 1708 E M Franklin Condominiums
County Travis
Zip Code 78721
$/sqft $338/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,261
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237619146
List Date June 26, 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
1200 Walnut Ave
Glenwood Add
$625,000 $449 4 bd / 3 ba 1,391 sqft , 2025-12-03
2818 E 22nd St #1
Austin Heights
$625,000 $324 3 bd / 3 ba 1,930 sqft , 2026-02-07
5006 Pecan Springs Rd #6
Lofts/St Stephens Condos
$625,000 $285 3 bd / 4 ba 2,191 sqft , 2026-06-08
5006 Pecan Springs Rd #3
Lofts at St Stephens
$625,000 $285 3 bd / 4 ba 2,191 sqft , 2026-06-26
3333 E 12th St
Breedlove Add
$624,995 $372 3 bd / 3 ba 1,681 sqft , 2026-07-30

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
$3,024/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
$126,000
20% conventional investment loan

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

Estimated Gross Rent+$3,024
Principal + Interest−$3,438
Property Tax (~2.1% TX avg)−$1,103
Insurance (~0.5%)−$263
Est. Monthly Cash Flow $-1,780

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 June 27, 2026.

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