Active Listing  ·  10 days on market

2301 East 2nd St #2

Austin, TX 78702
$835,000
3 Bed 4 Bath 1,600 sqft $522/sqft Built 2026 0.04 acres Pool New Construction Jones F H

Modern East Austin living with something increasingly rare in new construction—a private backyard beneath a preserved heritage tree. This 3-bedroom, 3.5-bath home offers 1,600 sq ft across three thoughtfully designed levels. The open kitchen and living area flows directly to the backyard, creating an easy connection between indoor and outdoor living under the mature tree canopy. Inside, floor-to-ceiling triple-pane windows bring in abundant natural light, complemented by wood flooring, a spacious kitchen with island and pantry, and high-efficiency 3-zone variable-speed HVAC. The third bedroom is en suite and opens to its own balcony. Outdoor gas and water connections add flexibility for a future outdoor kitchen in the backyard. All in the heart of East Austin, minutes from Downtown and within walking distance of neighborhood favorites, coffee shops, parks and trails—all with no HOA fees and no STR restrictions.

Listing agent is a licensed Texas real estate agent and has an ownership interest in the property.

At $522/sqft, this home is priced 33% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2301 East 2nd St #2, Austin, TX 78702

Property Details

Price $835,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,600 sqft
Lot Size 0.04 acres (1,742.4 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Jones F H
County Travis
Zip Code 78702
$/sqft $522/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,818.83
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246425854
List Date September 12, 2026
Elementary School Zavala
Middle School Kealing
High School Eastside Early College
School District ,

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
2007 Canterbury St #2
Driving Park Add
$829,500 $593 3 bd / 3 ba 1,400 sqft , 2026-04-17
3129 Govalle Ave
Villa Govalle
$849,000 $440 3 bd / 3 ba 1,928 sqft , 2026-06-25
2214 Garden St #1
N/A
$849,000 $685 3 bd / 3 ba 1,240 sqft , 2026-07-09
910 Tillery St #A
910 Tillery Condos
$849,900 $465 3 bd / 3 ba 1,828 sqft , 2026-05-22
800 Embassy Dr #602
Tyndall/Robertson Hill Condos
$865,000 $578 2 bd / 3 ba 1,496 sqft , 2026-06-12

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
$4,008/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
$167,000
20% conventional investment loan

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

Estimated Gross Rent+$4,008
Principal + Interest−$4,557
Property Tax (~2.1% TX avg)−$1,461
Insurance (~0.5%)−$348
Est. Monthly Cash Flow $-2,358

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 · 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 September 20, 2026.

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