About This Home

Magnificent Affordable Midrise bordering the University of Texas and Downtown. Open floorplan with custom ceramic tile through out with upgraded kitchen and bath with Maple Cabinets, Granite Counters, and Stainless Appliances. Secured Entry and Parking. HOA dues cover Electric, Water, Hot water, and Gas. One Block from the UT Campus and 5 blocks to the Capital. Building is on a land lease till 2065.

At $326/sqft, this home is 17% 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

1800 Lavaca St #204, Austin, TX 78701

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Property Details

Price $184,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 565 sqft

Lot Size 0.01 acres (261.36 sqft)

Year Built 1966

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Greenwood Towers Amd

County Travis

Zip Code 78701

$/sqft $326/sqft

Days on Market ,

HOA $530/Monthly

Annual Tax Est. $3,840

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT221159043

List Date March 3, 2026

Elementary School Lee

Middle School Kealing

High School McCallum

School District ,

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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

1000 W 26th St #213
Escala At San Gabriel Condo $185,000 $416 1 bd / 1 ba 445 sqft , 2026-06-23

2803 Hemphill Park #B-201
Whitis $185,000 $411 1 bd / 1 ba 450 sqft , 2026-07-13

1800 Lavaca St #512
Greenwood Towers Amd $185,000 $311 1 bd / 1 ba 594 sqft , 2026-07-28

1800 Lavaca St #203
Greenwood Towers Amd $179,900 $296 1 bd / 1 ba 608 sqft , 2026-04-02

1800 Lavaca St #A806
Greenwood Towers Amd $189,000 $311 2 bd / 1 ba 608 sqft , 2026-03-12

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

$883/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

$36,800

20% conventional investment loan

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

Estimated Gross Rent+$883

Principal + Interest−$1,004

Property Tax (~2.1% TX avg)−$322

Insurance (~0.5%)−$77

Est. Monthly Cash Flow $-520

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

About the Author

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 March 7, 2026.

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

1800 Lavaca St #204

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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