Active Listing  ·  176 days on market

1800 Lavaca St #515

Austin, TX 78701
$174,000
1 Bed 1 Bath 592 sqft $294/sqft Built 1966 1-Car Garage Pool Greenwood Towers Amended

Enjoy true downtown Austin living in this stylish, updated condo at Greenwood Towers. Ideally located just steps from the University of Texas campus, the Texas Capitol, and Austins vibrant downtown core, this condo living offers exceptional walkability and everyday convenience. From here, you can easily stroll to nearby landmarks including the Blanton Museum of Art, the Bob Bullock Texas State History Museum, and the IMAX Theatre, along with restaurants, coffee shops, downtown employers. HOA fees include exterior maintenance, water, gas, electric, trash & sewer. Don't miss the large onsite laundry facility and bike storage room.

Inside, the open layout is designed for comfortable urban living. The remodeled kitchen features granite countertops, stainless steel appliances, and easy-to-maintain tile flooring that extends into the spacious living area creating a cohesive, durable space ideal for both daily living and entertaining. Large windows in the living area bring in abundant natural light and showcase calming downtown views, giving the space an airy, welcoming feel.

The bedroom offers wood-like laminate flooring and includes a built-in workstation, making it ideal for students, remote professionals, or anyone needing a dedicated workspace at home. The updated bathroom features a walk-in glass shower, modern tile surround, and contemporary vanity, adding a clean, refreshed finish to the home.

Whether you're looking for an Austin presence, UT-adjacent housing, or a low-maintenance downtown investment, this condo offers a rare chance to own in one of Austins most central locations with unbeatable access to education, culture, and the energy of downtown living.

At $294/sqft, this home is 25% 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 #515, Austin, TX 78701

Property Details

Price $174,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 592 sqft
Lot Size ,
Year Built 1966
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Greenwood Towers Amended
County Travis
Zip Code 78701
$/sqft $294/sqft
Days on Market ,
HOA $517/Monthly
Annual Tax Est. $4,051
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219323033
List Date February 19, 2026
Elementary School Bryker Woods
Middle School O Henry
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.

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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
1800 Lavaca St #A107
Greenwood Towers Amd
$175,000 $288 1 bd / 1 ba 608 sqft , 2026-08-10
1800 Lavaca St #203
Greenwood Towers Amd
$179,900 $296 1 bd / 1 ba 608 sqft , 2026-04-02
2404 Longview St #105
Shadow Hill Condo
$164,900 $292 1 bd / 1 ba 564 sqft , 2026-06-02
1800 Lavaca St #204
Greenwood Towers Amd
$184,000 $326 1 bd / 1 ba 565 sqft , 2026-03-03
1000 W 26th St #213
Escala At San Gabriel Condo
$185,000 $416 1 bd / 1 ba 445 sqft , 2026-06-23

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
$835/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
$34,800
20% conventional investment loan

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

Estimated Gross Rent+$835
Principal + Interest−$950
Property Tax (~2.1% TX avg)−$305
Insurance (~0.5%)−$73
Est. Monthly Cash Flow $-493

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 →