Active Listing  ·  429 days on market

1800 Lavaca St #A108

Austin, TX 78701
$395,000
3 Bed 2 Bath 1,288 sqft $307/sqft Built 1966 0.01 acres 1-Car Garage Pool Greenwood Towers Amd

Yes - you can get 3 bedrooms under $400K in downtown Austin! HOA fees includes utilities. Great tax rate! This unit has 2 reserved parking spots! Ideal layout with tons of closet and storage space for roommate situation for students or young professionals. Great location, across the street from UT and 5 blocks to the capital! This 1st floor unit is the only 3 bedroom unit in the entire complex. It is on the City & UT bus lines. Unit has 2 reserved parking spaces, including one in the gated parking garage. Includes in unit laundry hookups (in addition to a common laundry room) in the primary bathroom and 2 large storage closets off the hallway. Kitchen has stainless steel appliances and in eat-in dining area that is open to the main living area.

At $307/sqft, this home is 21% 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 #A108, Austin, TX 78701

Property Details

Price $395,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,288 sqft
Lot Size 0.01 acres (570.64 sqft)
Year Built 1966
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Greenwood Towers Amd
County Travis
Zip Code 78701
$/sqft $307/sqft
Days on Market ,
HOA $1,073/Monthly
Annual Tax Est. $7,351
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT196948642
List Date June 1, 2025
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.

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
1101 Huntridge Dr
Gracywoods Sec 02
$395,000 $250 3 bd / 2 ba 1,580 sqft , 2026-03-14
4913 Single Shot #B Cir
Fort View Hills Sec 01
$395,000 $325 2 bd / 3 ba 1,215 sqft , 2026-01-14
1404 Norwalk Ln #201
Westfield Condominiums
$395,000 $352 2 bd / 2 ba 1,121 sqft , 2026-03-12
11304 Canterbury Tales Ln
Canterbury Trails Sec 04
$395,000 $228 3 bd / 3 ba 1,736 sqft , 2026-05-05
8319 Laughlin Ln
Mirabel Park Ph 1 Sec 2C
$395,000 $238 3 bd / 3 ba 1,660 sqft , 2026-05-28

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
$1,896/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
$79,000
20% conventional investment loan

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

Estimated Gross Rent+$1,896
Principal + Interest−$2,156
Property Tax (~2.1% TX avg)−$691
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,116

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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