Active Listing  ·  17 days on market

1800 Lavaca St #512

Austin, TX 78701
$185,000
1 Bed 1 Bath 594 sqft $311/sqft Built 1966 0.01 acres Pool Greenwood Towers Amd

Welcome to Greenwood Towers, where mid-century charm meets modern convenience in the heart of Austin. This 1-bedroom, 1-bath condominium offers an unbeatable location just steps from the University of Texas campus and the iconic Bob Bullock Texas State History Museum, with countless restaurants, coffee shops, and cultural destinations all within easy walking distance. Inside, you'll find a move-in-ready unit featuring brand-new stainless steel appliances — including a new dishwasher, stove, and refrigerator — set against freshly painted walls and warm bamboo hardwood floors. The galley kitchen offers ample cabinet storage, while the open living area is bathed in natural light through floor-to-ceiling windows with sweeping views of the MLS and Guadalupe St. The spacious bedroom features a built-in shelving and dresser unit with generous closet space. Building amenities include a beautifully lobby, community courtyard, and on-site laundry facilities. An assigned parking spot is included. Best of all, the HOA covers electricity, gas, trash, water and wastewater — making this one of Austin's most cost-efficient addresses for urban professionals, students, and investors alike. Don't miss your chance to own a piece of one of Austin's most walkable and vibrant neighborhoods. Schedule your showing today!

At $311/sqft, this home is 20% 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 #512, Austin, TX 78701

Property Details

Price $185,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 594 sqft
Lot Size 0.01 acres (261.36 sqft)
Year Built 1966
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Greenwood Towers Amd
County Travis
Zip Code 78701
$/sqft $311/sqft
Days on Market ,
HOA $517/Monthly
Annual Tax Est. $3,879.66
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240947507
List Date July 28, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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
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 #204
Greenwood Towers Amd
$184,000 $326 1 bd / 1 ba 565 sqft , 2026-03-03
1800 Lavaca St #A806
Greenwood Towers Amd
$189,000 $311 2 bd / 1 ba 608 sqft , 2026-03-12
204 E 30th St #101
30th Street Condominiums
$189,000 $420 1 bd / 1 ba 450 sqft , 2026-07-17

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
$888/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
$37,000
20% conventional investment loan

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

Estimated Gross Rent+$888
Principal + Interest−$1,010
Property Tax (~2.1% TX avg)−$324
Insurance (~0.5%)−$77
Est. Monthly Cash Flow $-523

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 29, 2026.

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