Active Listing  ·  6 days on market

2009 Pennsylvania Ave #2

Austin, TX 78702
$499,900
2 Bed 3 Bath 1,162 sqft $430/sqft Built 2018 0.05 acres Pool 2009 Pennsylvania Condos

Stunning home in the heart of East Austin, just over a mile from Downtown Austin and moments from some of the city's favorite restaurants, coffee shops, bars, and entertainment. Enjoy a prime location with easy access to UT, Lady Bird Lake, the hike-and-bike trails, and everything that makes East Austin one of Austin's most sought-after neighborhoods.

Inside, the open-concept floor plan is filled with natural light and features high ceilings, contemporary concrete and engineered white oak floors, and stylish modern finishes throughout. The kitchen is designed for both everyday living and entertaining, offering stainless steel appliances, an island with bar seating, and a charming dining nook. Just off the kitchen and dining area, a wood deck creates the perfect setting for morning coffee or gathering with friends.

Two spacious primary suites with ensuite baths provide exceptional flexibility for roommates, guests, or anyone who values privacy and a functional layout. The home also features abundant storage and a professionally installed security system through True Protection.

Outdoor living is a defining feature of this home. Multiple decks span three levels, including a private patio deck and a rooftop deck with a downtown view. From morning coffee to evening sunsets, these thoughtfully designed outdoor spaces offer plenty of opportunities to relax, entertain, and enjoy the outdoors. The fully fenced yard features a remotely operated gate and is ideal for pets, with beautiful crepe myrtles, an Asian pear tree, and a lemon tree, while the carport includes an outlet for EV charging.

With an unbeatable East Austin location and exceptional indoor-outdoor living, this beautifully upgraded home has it all. Don't miss your opportunity to make it yours!

At $430/sqft, this home is priced 10% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2009 Pennsylvania Ave #2, Austin, TX 78702

Property Details

Price $499,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,162 sqft
Lot Size 0.05 acres (2,304.32 sqft)
Year Built 2018
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision 2009 Pennsylvania Condos
County Travis
Zip Code 78702
$/sqft $430/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251237233
List Date November 6, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
School District Austin ISD

Austin ISD

Blackshear · Kealing · Eastside Early College

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
2204 E 13th St #B
Division B
$500,000 $478 2 bd / 2 ba 1,045 sqft , 2026-10-08
1176 Graham St
Keystone Add
$495,000 $625 2 bd / 1 ba 792 sqft , 2026-03-30
1905 E 18th St
Outlot 18 Div B
$485,000 $539 2 bd / 1 ba 900 sqft , 2026-10-21
2505 E 11th St #2
2505 E 11th Street Condos
$479,000 $535 2 bd / 3 ba 896 sqft , 2026-07-30
1305 E 6th St #13
1305 Lofts A Condo Amd
$475,000 $413 1 bd / 2 ba 1,150 sqft , 2026-05-08

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (assumed ~2.1%)−$875
Insurance (assumed ~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 · 41 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. The written content was last updated on November 8, 2026.

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

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