Active Listing  ·  108 days on market

1800 Lavaca St #A508

Austin, TX 78701
$259,000
2 Bed 1 Bath 857 sqft $302/sqft Built 1966 0.01 acres 2-Car Garage Pool Greenwood Towers Amd

Own a bit of this iconic Austin mid-century building conveniently located in the heart of UT/Downtown. This 2-bed 1-bath condo offers large windows and plenty of natural light and UT views. Recent A/C. Granite counters. Nice lobby w/controlled access & on-site manager Gated/secured garage with 2 RESERVED PARKING SPOTS. On-site security 9pm - 5am. Association fee covers building maintenance and active maintenance projects. Water, gas, electric, trash and sewer are included! On-site laundry and secure bike storage. Only 1 block south of UT campus/UT Business School & AT&T Conference Center, 1-2 blocks west of many museums & short distance to Dell Medical. On bus routes. Information from several sources, agents, buyers please verify.

At $302/sqft, this home is 23% 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 #A508, Austin, TX 78701

Property Details

Price $259,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 857 sqft
Lot Size 0.01 acres (378.97 sqft)
Year Built 1966
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Greenwood Towers Amd
County Travis
Zip Code 78701
$/sqft $302/sqft
Days on Market ,
HOA $977/Monthly
Annual Tax Est. $5,318.57
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225349516
List Date April 18, 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.

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
1304 Mariposa Dr #206
Travis Green Condo
$259,000 $322 2 bd / 1 ba 804 sqft , 2026-03-22
4711 Spicewood Springs Rd #4-222
Stillhouse Canyon Condo Amended
$259,000 $312 1 bd / 1 ba 831 sqft , 2026-06-03
9525 N Capital Of Texas Hwy #414
Loop Condo
$259,000 $266 2 bd / 1 ba 972 sqft , 2026-06-05
1800 Lavaca St #207
Greenwood Towers Amd
$260,000 $295 2 bd / 2 ba 880 sqft , 2026-04-01
935 La Posada Dr #148
Flats/935 Condos Bldg 4
$256,000 $249 2 bd / 2 ba 1,030 sqft , 2026-01-21

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
$1,243/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
$51,800
20% conventional investment loan

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

Estimated Gross Rent+$1,243
Principal + Interest−$1,413
Property Tax (~2.1% TX avg)−$453
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-731

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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