Active Listing  ·  117 days on market

1905 Pennsylvania Ave #A & B

Austin, TX 78702
$790,000
3 Bed 3 Bath 1,607 sqft $492/sqft Built 2018 0.12 acres Pool Pennsylvania Avenue Condominiums

Two is better than one! This unique East Austin property offers two thoughtfully designed detached homes on one lot, creating exceptional flexibility for owner-occupants, guests, long-term tenants, or income potential. The main home offers approximately 1,100 sq. ft. with 2 bedrooms and 2 bathrooms. High ceilings, abundant natural light, decorative stair tile, and a modern open layout create a bright and inviting feel. The kitchen features a breakfast bar island that opens to the living area, while the first-floor bedroom offers flexibility as a guest room or office. Upstairs, the private primary suite includes vaulted ceilings, a walk-in closet, and an en suite bath with dual vanity and walk-in shower. A second-floor deck extends the living space outdoors, perfect for morning coffee, yoga, or entertaining. Just steps away, the second home offers approximately 500 sq. ft. with 1 bedroom, 1 bathroom, high ceilings, in-unit laundry, and a modern kitchen that complements the style of the main residence. Minutes from Downtown Austin, UT, restaurants, coffee shops, nightlife, and all the energy of East Austin, this property offers strong rental appeal and rare versatility. Come see the possibilities for yourself!

At $492/sqft, this home is priced 26% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1905 Pennsylvania Ave #A & B, Austin, TX 78702

Property Details

Price $790,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,607 sqft
Lot Size 0.12 acres (5,201.06 sqft)
Year Built 2018
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Pennsylvania Avenue Condominiums
County Travis
Zip Code 78702
$/sqft $492/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,050.03
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225484067
List Date May 28, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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.

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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
3103 Garwood St #3
Brass G M
$789,000 $459 3 bd / 3 ba 1,720 sqft , 2026-06-04
1101 1/2 Fiesta St #1
Glenmar
$800,000 $398 4 bd / 3 ba 2,009 sqft , 2026-09-17
1907 E 20th St
Johns C R
$775,000 $412 3 bd / 3 ba 1,882 sqft , 2026-09-15
2406 Santa Maria St
Industrial Add
$770,000 $552 3 bd / 2 ba 1,394 sqft , 2026-08-27
1800 Poquito St
Crows Sub Resub Lt 6& Pt Lt 7
$835,000 $391 3 bd / 3 ba 2,138 sqft , 2026-05-28

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
$3,792/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
$158,000
20% conventional investment loan

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

Estimated Gross Rent+$3,792
Principal + Interest−$4,311
Property Tax (~2.1% TX avg)−$1,383
Insurance (~0.5%)−$329
Est. Monthly Cash Flow $-2,231

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 June 7, 2026.

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