About This Home

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Now selling townhomes and spacious one- and two-bedroom floorplans, each residence is crafted with high-performance, energy-efficient features including solar panels, spray-foam insulation, a tankless water heater, whole-home dehumidifier, and premium Bosch kitchen appliances. Residents enjoy access to community amenities such as a resort-style pool, walking paths, and select homes offering private yards or patios for added outdoor living.

Move-in ready homes are available now. Tours are offered by appointment with our sales team.

At $446/sqft, this home is priced 14% 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

2113 E M Franklin Ave #88, Austin, TX 78723

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Property Details

Price $275,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 616 sqft

Lot Size 0.00 acres (43.56 sqft)

Year Built 2026

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision George

County Travis

Zip Code 78723

$/sqft $446/sqft

Days on Market ,

HOA $278/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT241631288

List Date July 30, 2026

Elementary School Blanton

Middle School Pearce Middle

High School Northeast Early College

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

3018 S 1st St #112
Loft Condo Amd The $275,000 $361 2 bd / 1 ba 761 sqft , 2025-08-20

901 W 9th St #217
Nokonah Condo Amd $275,000 $519 1 bd / 1 ba 530 sqft , 2026-03-25

915 W 22nd 1/2 St #202
Savannah Condo $275,000 $345 2 bd / 2 ba 796 sqft , 2026-03-11

3009 Speedway None #2
Allison Laura L Resub $275,000 $399 2 bd / 1 ba 689 sqft , 2026-06-30

201 W 31st St #H
Fruth Add $275,000 $550 1 bd / 1 ba 500 sqft , 2026-06-30

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

$1,320/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

$55,000

20% conventional investment loan

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

Estimated Gross Rent+$1,320

Principal + Interest−$1,501

Property Tax (~2.1% TX avg)−$481

Insurance (~0.5%)−$115

Est. Monthly Cash Flow $-777

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 August 13, 2026.

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

2113 E M Franklin Ave #88

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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