Active Listing  ·  60 days on market

1931 E 38th 1/2 St #32

Austin, TX 78723
$525,000
2 Bed 3 Bath 1,385 sqft $379/sqft Built 2016 0.05 acres 2-Car Garage Pool Avion Park Condos Bldg 3

Modern urban living in the heart of East Austin! This stylish 2-story condo in Avion Park offers contemporary architecture, an open-concept floor plan, and a prime location just moments from Mueller, Downtown Austin, and some of the city's best dining, shopping, and entertainment. The bright and airy main level features polished concrete flooring, abundant natural light, and a sleek kitchen complete with quartz countertops, a large island with seating, stainless steel appliances, subway tile backsplash, and modern cabinetry.

Upstairs, the spacious primary suite provides a private retreat with a spa-inspired bath, dual vanities, oversized walk-in shower, and generous walk-in closet. Additional bedrooms offer flexibility for guests, a home office, or workout space. Thoughtful finishes throughout include high ceilings, designer fixtures, and contemporary touches that create a sophisticated yet comfortable atmosphere.

Enjoy the convenience of an attached two-car garage and easy access to the Mueller Southwest Greenway, parks, trails, H-E-B, Alamo Drafthouse, coffee shops, and local restaurants. Combining modern design, low-maintenance living, and an unbeatable central Austin location, this home is the perfect blend of style and convenience.

At $379/sqft, this home is 3% 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

1931 E 38th 1/2 St #32, Austin, TX 78723

Property Details

Price $525,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,385 sqft
Lot Size 0.05 acres (2,138.8 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Avion Park Condos Bldg 3
County Travis
Zip Code 78723
$/sqft $379/sqft
Days on Market ,
HOA $309/Monthly
Annual Tax Est. $9,688.96
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232887602
List Date June 5, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
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
604 Springdale Rd
Pipkin Add 02
$525,000 $410 3 bd / 2 ba 1,282 sqft , 2026-04-07
8208 Stillwood Ln
Northtowne Sec 01
$525,000 $383 3 bd / 2 ba 1,372 sqft , 2026-02-28
1701 Simond Ave #206
Parkside/Mueller Condos
$525,000 $452 2 bd / 2 ba 1,162 sqft , 2025-10-03
12710 Poquoson Dr
Northwood 03
$525,000 $318 3 bd / 2 ba 1,651 sqft , 2026-04-23
7920 Mullen Dr #5
Wooten Park Square Sec 02
$525,000 $344 3 bd / 3 ba 1,525 sqft , 2026-05-01

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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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