About This Home

INVESTOR SPECIAL! Cap rate investment OR secure IN STATE TUITION with this opportunity. Condo one block from UT Austin with tenants in place. Renovations in 2026 include a complete exterior makeover with a community garden, all new windows and plumbing upgrades. Finishing touches coming July 2026. LOCATION LOCATION LOCATION! Reach out to listing agent for rent roll and other info!

At $356/sqft, this home is 9% 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

201 W 31st St #A, Austin, TX 78705

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Property Details

Price $299,990

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 842 sqft

Lot Size 0.15 acres (6,403.32 sqft)

Year Built 1935

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Fruth Add

County Travis

Zip Code 78705

$/sqft $356/sqft

Days on Market ,

HOA $316/mo

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238132135

List Date June 30, 2026

Elementary School Lee

Middle School Kealing

High School McCallum

School District ,

Have Questions About This Property?

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

3709 Tower View Ct
Manor Hill $299,990 $338 2 bd / 1 ba 888 sqft , 2025-08-13

8211 Springsteen Dr
Ep Residential Condos $299,990 $271 2 bd / 3 ba 1,108 sqft , 2026-03-09

3401 Thomas Kincheon St
Oak Plantations $299,990 $335 3 bd / 1 ba 896 sqft , 2026-07-31

1202 Newning Ave #311
Madrid $299,999 $271 2 bd / 1 ba 1,107 sqft , 2025-05-29

1105 Richardine Ave
Brooksdale $300,000 $401 3 bd / 1 ba 748 sqft , 2025-12-01

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

$1,440/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

$59,998

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (~2.1% TX avg)−$525

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-847

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

201 W 31st St #A

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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