Active Listing  ·  175 days on market

1800 Lavaca St #207

Austin, TX 78701
$260,000
2 Bed 2 Bath 880 sqft $295/sqft Built 1966 0.01 acres 1-Car Garage Pool Greenwood Towers Amd

MOTIVATED SELLER – Will Consider All Offers!

Welcome to Greenwood Towers, where convenience meets modern living in this beautifully remodeled 2-bedroom, 2-bathroom residence—a rare find in the building. One of only a handful of units offering two full bathrooms and an in-unit washer/dryer, this home is designed for comfortable everyday living and an easy lock-and-leave lifestyle. While the HOA dues are higher than some communities, they provide exceptional value by covering ALL utilities—including electricity, water, gas, sewer, and trash—as well as exterior and common area maintenance. Even better, these costs are fixed year-round, meaning you won't have to worry about fluctuating utility bills during Austin's hot summers or colder months. With utilities and maintenance bundled into one predictable monthly payment, budgeting and ownership become simple and stress-free.

Fully renovated in 2022, the home features a thoughtful top-to-bottom transformation, including a new HVAC system, updated plumbing and electrical, luxury vinyl flooring, and fresh paint throughout. The stylish kitchen showcases custom cabinetry, quartz countertops, a glass tile backsplash, stainless steel appliances, a countertop dishwasher, and an all-in-one washer/dryer installed in 2025—another rare feature for Greenwood Towers. Both bathrooms continue the cohesive design with custom cabinetry, quartz countertops, updated fixtures, and beautifully resurfaced tubs and surrounds.

The unit also includes one assigned garage parking space.

Located just one block from The University of Texas at Austin and approximately five blocks from the Texas Capitol, this home places you in one of Austin's most walkable and connected neighborhoods. Walk or bike to Dell Medical School, museums, restaurants, shopping, and downtown, all while enjoying the city's newly enhanced pedestrian-friendly spaces.

For more information, visit: https://wkf.ms/4swonXd

At $295/sqft, this home is 25% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1800 Lavaca St #207, Austin, TX 78701

Property Details

Price $260,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 880 sqft
Lot Size 0.01 acres (270.07 sqft)
Year Built 1966
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Greenwood Towers Amd
County Travis
Zip Code 78701
$/sqft $295/sqft
Days on Market ,
HOA $768/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224110506
List Date April 1, 2026
Elementary School Lee
Middle School Kealing
High School Austin
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.

Schedule a Call →

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
2300 Leon St #101
Twenty 03 Hundred Leon Condo
$264,500 $356 2 bd / 2 ba 742 sqft , 2026-06-27
2901 San Jacinto Blvd #204
Oakview Condo
$265,000 $408 1 bd / 1 ba 650 sqft , 2026-04-21
3001 Cedar St #A-205
Benchmark Condo Amd
$265,000 $379 1 bd / 1 ba 700 sqft , 2026-04-24
710 E Dean Keeton St #212
Century Condo
$250,000 $418 1 bd / 1 ba 598 sqft , 2026-01-03
2110 Rio Grande St #303
Palmetto Condominiums
$270,000 $347 2 bd / 1 ba 777 sqft , 2026-07-01

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
$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 July 16, 2026.

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