About This Home

MOTIVATED SELLER. All offers considered. This 2-bed 1-bath condo offers 2 RESERVED PARKING SPACES and ALL UTILITIES(electric, water, gas, trash & sewer)! Recent A/C. Granite counters. Nice lobby w/controlled access & on-site manager gated/secured garage AND On-site security 9pm - 5am. Association fee covers building maintenance and active maintenance projects. 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 $282/sqft, this home is 28% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1800 Lavaca St #A508, Austin, TX 78701

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Property Details

Price $242,000

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 $282/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 ,

Have Questions About This Property?

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · April 18, 2026 $285,000

Previous ask $254,999

Current ask $242,000

▼ Reduced $43,000 (-15.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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

2804 Rio Grande St #208
Westview Condo $239,900 $295 2 bd / 2 ba 814 sqft , 2026-06-24

1808 Rio Grande St #2
Gables Condo $245,000 $400 1 bd / 2 ba 612 sqft , 2026-05-29

803 W 28th St #106
San Pedro Oaks Condo $245,999 $352 2 bd / 2 ba 699 sqft , 2026-03-05

2612 SAN PEDRO ST A-118 None
Treehouse Condominiums $249,900 $389 1 bd / 1 ba 642 sqft , 2026-05-08

910 Duncan Ln #26
POINTE CONDOMINIUMS AMENDED $249,995 $249 2 bd / 2 ba 1,003 sqft , 2026-06-11

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

$1,162/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

$48,400

20% conventional investment loan

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

Estimated Gross Rent+$1,162

Principal + Interest−$1,321

Property Tax (~2.1% TX avg)−$424

Insurance (~0.5%)−$101

Est. Monthly Cash Flow $-684

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

About the Author

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 October 1, 2026.

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

1800 Lavaca St #A508