About This Home

Don't miss this incredible opportunity to own in North Campus! This well-maintained condo is priced aggressively to provide exceptional value for homeowners, investors, or UT affiliates. Featuring a functional layout, low-maintenance living, and a convenient location just minutes from UT, shopping, dining, and medical facilities. Whether you're looking for a primary residence, game-day retreat, or investment property, this is one of the best values currently available. Schedule your showing today!

At $378/sqft, this home is 3% 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

203 E 31st St #204, Austin, TX 78705

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Property Details

Price $315,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 834 sqft

Lot Size 0.02 acres (984.46 sqft)

Year Built 1983

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Thirty 01 Street Condo Amd

County Travis

Zip Code 78705

$/sqft $378/sqft

Days on Market ,

HOA $343/Monthly

Annual Tax Est. $5,955.07

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237496488

List Date June 25, 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.

Schedule a Call →

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

1908 San Antonio St #303
BUENA VISTA CONDOMINIUMS $315,000 $356 2 bd / 2 ba 885 sqft , 2026-05-27

1320 Robert Browning St #308
Greenway Lofts Condo Amd $315,000 $572 1 bd / 1 ba 551 sqft , 2026-06-09

1119 Mark St #D
Pecan Valley $315,000 $438 2 bd / 1 ba 720 sqft , 2026-07-06

1181 Oakgrove Ave
Homewood Heights $314,999 $348 2 bd / 1 ba 904 sqft , 2026-01-11

3900 Berkman Dr #315
Concourse at Mueller Condominiums $314,900 $474 1 bd / 1 ba 664 sqft , 2026-07-09

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

$1,512/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

$63,000

20% conventional investment loan

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

Estimated Gross Rent+$1,512

Principal + Interest−$1,719

Property Tax (~2.1% TX avg)−$551

Insurance (~0.5%)−$131

Est. Monthly Cash Flow $-889

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

203 E 31st St #204

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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