Active Listing  ·  145 days on market

1801 Lavaca St #3M

Austin, TX 78701
$479,000
2 Bed 2 Bath 912 sqft $525/sqft Built 1964 0.01 acres 1-Car Garage Pool Cambridge Condo Amd

Exceptional Value 2-Bedroom in Cambridge Tower – Updated, Efficient Residence with All-Inclusive HOA

Updated and exceptionally well-maintained, Unit 3M offers a highly efficient 2-bedroom, 1.5-bath layout in one of Austin’s most iconic residential towers. This thoughtfully improved home features new sliding glass doors and windows (a $75K–$100K upgrade), enhancing energy efficiency, comfort, and quiet interior living.

The interior showcases beautiful hardwood flooring in excellent condition, recessed lighting, plantation shutters, and custom built-in bookshelves, creating a warm and functional space. The updated kitchen adds both style and practicality, making the home ideal for everyday living or entertaining.

Residents enjoy an all-inclusive HOA that covers all utilities, high-speed internet, and cable TV, providing exceptional convenience and predictable monthly costs.

Cambridge Tower Amenities Include: recently refreshed lobby, 24/7 security and concierge services, attended parking garage with one reserved space, heated oak-shaded pool and spa, fitness center, multipurpose meeting space, and a rooftop terrace with panoramic views of the Texas Capitol, downtown skyline, and Hill Country.

Located in the heart of Central Austin, just steps from the University of Texas, Dell Medical Center, museums, dining, and entertainment, this residence offers a true lock-and-leave lifestyle in a premier location.

At $525/sqft, this home is priced 34% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1801 Lavaca St #3M, Austin, TX 78701

Property Details

Price $479,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 912 sqft
Lot Size 0.01 acres (235.22 sqft)
Year Built 1964
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Cambridge Condo Amd
County Travis
Zip Code 78701
$/sqft $525/sqft
Days on Market ,
HOA $1,102.76/Monthly
Annual Tax Est. $8,013.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224331048
List Date March 31, 2026
Elementary School Lee
Middle School Kealing
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.

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
360 Nueces St #3608
Residential Condo Amd 360
$479,000 $654 1 bd / 1 ba 732 sqft , 2025-09-04
1801 Lavaca St #4K
Cambridge Condo Amd
$474,900 $406 2 bd / 2 ba 1,169 sqft , 2026-07-09
1801 Lavaca St #5D
Cambridge Condo Amd
$485,000 $408 1 bd / 1 ba 1,189 sqft , 2026-01-07
222 West Ave #2809
Seaholm Residences Residential
$485,000 $708 1 bd / 1 ba 685 sqft , 2026-05-07
2500 Longview St #318
Cascade Condos
$485,000 $480 2 bd / 2 ba 1,010 sqft , 2026-06-03

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
$2,299/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
$95,800
20% conventional investment loan

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

Estimated Gross Rent+$2,299
Principal + Interest−$2,614
Property Tax (~2.1% TX avg)−$838
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,353

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 April 11, 2026.

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