Active Listing  ·  21 days on market

2004 Pennsylvania Ave #A

Austin, TX 78702
$1,140,000
5 Bed 3 Bath 2,458 sqft $464/sqft Built 2015 0.09 acres 1-Car Garage Pool 2004 Pennsylvania Site Condos

Welcome to 2004 A Pennsylvania Avenue, where modern design meets the heart and soul of East Austin. Tucked beneath the canopy of a magnificent heritage oak tree, this beautifully crafted home offers a rare sense of privacy and tranquility while keeping you just minutes from downtown, local restaurants, coffee shops, and Austin's vibrant cultural scene. Inside, you'll find light-filled living spaces with soaring ceilings, expansive windows, and an open-concept design that feels both sophisticated and welcoming. The gourmet kitchen is truly the centerpiece of the home, featuring premium appliances, a large gathering island, and a custom dining nook that invites conversation, connection, and memorable meals with family and friends. The thoughtful floor plan offers flexibility for today's lifestyle, with multiple bedrooms on the main level, including a private guest suite ideal for visitors, multigenerational living, or a dedicated home office. Upstairs, the spacious primary retreat provides a peaceful escape, complete with treetop views, a private balcony, and access to a rooftop deck perfect for enjoying your morning coffee or watching the sunset over the city. Designed to blur the lines between indoor and outdoor living, this exceptional home creates a natural connection to its surroundings while delivering comfort, style, and functionality at every turn. Whether you're entertaining friends, relaxing under the shade of the majestic oak, or exploring everything East Austin has to offer, this is a place you'll be proud to call home.

At $464/sqft, this home is priced 18% 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

2004 Pennsylvania Ave #A, Austin, TX 78702

Property Details

Price $1,140,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,458 sqft
Lot Size 0.09 acres (3,981.38 sqft)
Year Built 2015
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 2004 Pennsylvania Site Condos
County Travis
Zip Code 78702
$/sqft $464/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $28,567.21
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245235393
List Date September 1, 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
2816 Garwood St #1
Chernosky Sub #11
$1,145,000 $495 4 bd / 4 ba 2,313 sqft , 2026-08-21
2211 Santa Rosa St
Buena Vista
$1,149,000 $567 4 bd / 3 ba 2,027 sqft , 2025-11-12
3508 Lyons Rd
Siegmund Add Sec 03
$1,149,000 $493 4 bd / 4 ba 2,330 sqft , 2026-07-17
1306 Navasota St
Merz Addition
$1,150,000 $415 4 bd / 5 ba 2,770 sqft , 2026-05-21
2501 E 9th St
Grandview Place
$1,100,000 $428 4 bd / 3 ba 2,572 sqft , 2026-09-09

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
$5,472/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
$228,000
20% conventional investment loan

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

Estimated Gross Rent+$5,472
Principal + Interest−$6,221
Property Tax (~2.1% TX avg)−$1,995
Insurance (~0.5%)−$475
Est. Monthly Cash Flow $-3,219

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 September 2, 2026.

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