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 $296/sqft, this home is 24% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

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

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Property Details

Price $285,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 964 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 $296/sqft

Days on Market ,

HOA $344/mo

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238152444

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

2409 Leon St #307
Stoneleigh Condo $285,000 $375 2 bd / 2 ba 761 sqft , 2026-02-13

14815 Avery Ranch Blvd #302
AVERY COMMONS $285,000 $232 2 bd / 3 ba 1,231 sqft , 2026-04-19

4711 Spicewood Springs Rd #1-201
Stillhouse Canyon Condo Amd $285,000 $248 2 bd / 2 ba 1,147 sqft , 2026-04-13

5332 Balcones Dr #B
Highland Park West Condo Amd $285,000 $286 2 bd / 2 ba 995 sqft , 2026-04-19

4408 Lendall Ln
Silverstone Ph 02 Sec 02 $285,000 $235 3 bd / 2 ba 1,211 sqft , 2026-04-27

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

$1,368/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

$57,000

20% conventional investment loan

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

Estimated Gross Rent+$1,368

Principal + Interest−$1,555

Property Tax (~2.1% TX avg)−$499

Insurance (~0.5%)−$119

Est. Monthly Cash Flow $-805

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

About the Author

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 July 2, 2026.

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

201 W 31st St #B

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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