Active Listing  ·  3 days on market

1903 Keilbar Ln

Austin, TX 78745
$270,000
3 Bed 2 Bath 1,042 sqft $259/sqft Built 2025 0.41 acres Pool New Construction Soma

PLEASE READ THE FOLLOWING CAREFULLY! This townhome is part of the Austin Affordable Housing Program and

must be sold to an income-qualified buyer who has applied for and has been approved for the program. The gross

household income must not exceed 80% of the median family income. Please review the attached document. The

seller has partnered with two lenders

Frost Bank and Citywide Mortgage to assist with the application process.

Discover the opportunity to own a stylish, affordable townhome in South Central Austin. Located just minutes from downtown Austin, UT, and major tech hubs, this new construction offers the perfect combination of modern living and convenience.

This charming 3-bedroom, 1.5-bath townhome features a bright, thoughtful floor plan with modern finishes throughout, including:

- Sleek European flat-panel kitchen cabinets

- Wood-look luxury vinyl plank flooring

- Stainless steel appliances and quartz countertops

- Vaulted ceilings, skylights, and recessed lighting

- Ceiling fans and a dual vanity in the upstairs bath

- A private backyard, a single carport, and an in-unit washer/dryer

The property is perfectly situated within walking distance of a bus stop, grocery store, and dining options. You will also enjoy quick access to nearby parks, shopping, and entertainment.

Please let me know if you would like to schedule a viewing or if you have any questions.

At $259/sqft, this home is 34% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1903 Keilbar Ln, Austin, TX 78745

Property Details

Price $270,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 1,042 sqft
Lot Size 0.41 acres (18,077.4 sqft)
Year Built 2025
Garage ,
Stories ,
Type Residential · Townhouse
Subdivision Soma
County Travis
Zip Code 78745
$/sqft $259/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. $2,920
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT241123719
List Date August 11, 2026
Elementary School Cunningham
Middle School Covington
High School Crockett
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
5704 Levenwood Ln
Woodlands Sec 06
$270,000 $224 3 bd / 2 ba 1,207 sqft , 2026-03-18
6900 E Riverside Dr #31
Arbors At Riverside Condo The
$270,000 $206 2 bd / 3 ba 1,312 sqft , 2026-06-23
8921 Stambourne St
Sheldon 230 Sec 02 Ph 05
$270,000 $243 3 bd / 2 ba 1,111 sqft , 2026-06-25
2110 Rio Grande St #303
Palmetto Condominiums
$270,000 $347 2 bd / 1 ba 777 sqft , 2026-07-01
11203 Ranch Road 2222 None #2203
Alicante Condo Twnhms Amd
$270,000 $214 2 bd / 3 ba 1,259 sqft , 2026-07-04

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
$1,296/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
$54,000
20% conventional investment loan

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

Estimated Gross Rent+$1,296
Principal + Interest−$1,474
Property Tax (~2.1% TX avg)−$473
Insurance (~0.5%)−$113
Est. Monthly Cash Flow $-764

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 August 13, 2026.

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