Active Listing  ·  7 days on market

1902 Greenwood Ave #3

Austin, TX 78723
$800,000
3 Bed 4 Bath 1,702 sqft $470/sqft Built 2026 0.27 acres 1-Car Garage Pool New Construction Manor Road Add

Downtown skyline views over the tree canopy from your own covered balcony, plus a large and private fenced yard. Wide-plank light oak floors run through every level, and black-framed windows bring in natural light while keeping privacy. Glazed amber tile wraps the kitchen backsplash and island. Floor-to-ceiling light oak cabinetry frames the fridge, and a hood built into the cabinetry sits above the gas range. A workstation sink and microwave drawer sit in the island under woven pendants. Sliders open to a covered composite deck that steps down to the irrigated lawn. The first-level powder room has a standout teal vessel sink and alabaster sconces on the mirrored wall. Upstairs, the vaulted primary suite has a walk-in closet and a deep blue tiled bath with double vanity and glass shower. A second bedroom has its own bath with a soaking tub. The top floor holds a vaulted bedroom with desk nook and terrazzo shower beside the balcony. Minutes to Mueller and Manor Road.

At $470/sqft, this home is priced 21% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1902 Greenwood Ave #3, Austin, TX 78723

Property Details

Price $800,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,702 sqft
Lot Size 0.27 acres (11,909.3 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Manor Road Add
County Travis
Zip Code 78723
$/sqft $470/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,204.67
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT230080533
List Date November 5, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Maplewood · Kealing · McCallum

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
1203 Cedar Ave
Glenwood Add East Austin Amd
$799,000 $457 3 bd / 3 ba 1,750 sqft , 2026-10-30
2805 McCurdy St #5
Mueller
$789,000 $360 3 bd / 4 ba 2,189 sqft , 2026-08-19
1410 Perez St #1
Chernosky 09
$779,000 $416 3 bd / 3 ba 1,874 sqft , 2026-09-29
3921 Threadgill St
Mueller
$775,000 $436 3 bd / 3 ba 1,776 sqft , 2026-08-13
2804 E 22nd St #A
Austin Heights
$834,800 $443 3 bd / 3 ba 1,884 sqft , 2026-08-27

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
$3,840/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
$160,000
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,366
Property Tax (assumed ~2.1%)−$1,400
Insurance (assumed ~0.5%)−$333
Est. Monthly Cash Flow $-2,259

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 · 41 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. The written content was last updated on November 11, 2026.

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

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