Active Listing  ·  80 days on market

1912 Lightsey Rd #4

Austin, TX 78704
$305,000
2 Bed 2 Bath 1,024 sqft $298/sqft Built 1972 Pool 1912 Lightsey Condominiums

One of Austin’s most iconic and energetic neighborhoods; South Lamar. Imagine walking to Matt’s El Rancho, two-stepping at the Broken Spoke, grabbing dinner at Uchi, or heading downtown in just minutes by car, waymo, bike, or an easy run whenever the mood strikes. Inside, the home features a bright, open-concept layout designed for effortless living and entertaining. Natural light fills the space, creating a warm, modern feel that works just as beautifully for cozy nights in as it does for hosting friends. Upstairs, a private top-floor patio delivers the ultimate backyard-chill vibes, perfect for morning coffee, evening wine, or pre-dinner gatherings before heading out on South Lamar. Just steps away, enjoy a nearby park and playground, plus endless walkable streets ideal for running, strolling, and exploring everything this vibrant area has to offer. Buyer to independently verify all information, including but not limited to square footage, schools, taxes, HOA details, and restrictions.

HOA includes: water, gas, trash, recycling, landscaping of common areas, pest control, TWO assigned parking spaces, full exterior building maintenance, TPO roofing, exterior paint, master building insurance policy (covering exterior/structure).

At $298/sqft, this home is 24% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1912 Lightsey Rd #4, Austin, TX 78704

Property Details

Price $305,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,024 sqft
Lot Size ,
Year Built 1972
Garage ,
Stories ,
Type Residential · Condominium
Subdivision 1912 Lightsey Condominiums
County Travis
Zip Code 78704
$/sqft $298/sqft
Days on Market ,
HOA $435/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230264487
List Date May 16, 2026
Elementary School Zilker
Middle School O Henry
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
512 Shep St
Park Ridge
$305,000 $280 2 bd / 2 ba 1,090 sqft , 2026-04-09
6204 Shadow Bnd
Sweetbriar Village
$305,000 $273 3 bd / 2 ba 1,116 sqft , 2026-04-10
8308 Hathaway Dr
Dixie Terrace
$305,000 $397 2 bd / 1 ba 768 sqft , 2026-03-20
4600 Cedargrove Dr
Franklin Park Amd
$305,000 $241 3 bd / 2 ba 1,265 sqft , 2026-06-04
4315 S Congress Ave #329
Congress Lofts Condominiums
$307,500 $404 1 bd / 1 ba 761 sqft , 2026-06-02

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
$1,464/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
$61,000
20% conventional investment loan

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

Estimated Gross Rent+$1,464
Principal + Interest−$1,665
Property Tax (~2.1% TX avg)−$534
Insurance (~0.5%)−$127
Est. Monthly Cash Flow $-862

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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