Active Listing  ·  258 days on market

1931 E 38th 1/2 St #33

Austin, TX 78723
$475,000
2 Bed 3 Bath 1,359 sqft $350/sqft Built 2016 0.05 acres 2-Car Garage Pool AVION PARK CONDOMINIUMS

Welcome to the kind of home that makes life feel a whole lot easier. This modern urban townhouse was built in 2016, packed with style, and perfectly placed in one of Austin’s most fun and nature filled neighborhoods. If you want convenience, design, and a little bragging rights, this is your place!

The exterior delivers a crisp, modern presence with smooth stucco and warm wood accents that give the home unmistakable curb appeal. Inside, the open layout flows from living to kitchen, where polished concrete floors, expansive windows, and custom ceiling details create a space that feels stylish and inviting. The kitchen is a true highlight, with a generous waterfall island, quartz countertops, stainless steel appliances, and plenty of room for cooking, hosting, and gathering with ease.

Two bedrooms and three full baths give you space to spread out. The primary suite brings calm hotel vibes, the guest bath brings personality with designer wallpaper, and the custom built bar that conveys is ready for cocktails, late night laughs, or an after work wind down.

The private two car garage is a huge win for Austin living, and the mature tree canopy along the walkway gives the community a welcoming, shaded feel. And talk about a location! You are across the street from the Butterfly Garden nature preserve and the Southwest Greenway, with direct access to miles of trails, Mueller Lake Park, and the Morris Williams Golf Course. Mueller and East MLK offer some of the hottest spots in the city including Dai Due, Sour Duck, Este, Vic and Al’s, and Oddwood Brewing.

You are incredibly close to downtown Austin, close enough to enjoy the culture and skyline glow, yet tucked into a quieter pocket that gives you space to breathe. With a new HVAC installed in 2025 and the refrigerator, washer, and dryer conveying, this is truly lock and leave luxury with everyday comfort built in. Sophisticated, walkable, easy to love. Schedule a showing today!

At $350/sqft, this home is 11% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1931 E 38th 1/2 St #33, Austin, TX 78723

Property Details

Price $475,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,359 sqft
Lot Size 0.05 acres (2,138.8 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision AVION PARK CONDOMINIUMS
County Travis
Zip Code 78723
$/sqft $350/sqft
Days on Market ,
HOA $310/Monthly
Annual Tax Est. $10,023
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT211274459
List Date December 8, 2025
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · December 8, 2025 $525,000
Previous ask $489,000
Current ask $475,000
Reduced $50,000 (-9.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
3600 Jetson Way #4
George
$475,000 $279 2 bd / 3 ba 1,700 sqft , 2026-04-10
1705B Perez St
Chernosky 10
$474,990 $303 3 bd / 3 ba 1,568 sqft , 2026-07-09
1407 Cedar Ave #2
Glenwood Add
$465,000 $456 2 bd / 3 ba 1,020 sqft , 2026-04-02
1403 Clifford Ave
Lesikar
$489,000 $466 3 bd / 1 ba 1,050 sqft , 2026-06-19
1709 Perez St #2
1709 Perez Condos
$490,000 $448 2 bd / 3 ba 1,093 sqft , 2026-06-03

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 4, 2026.

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