About This Home

This is a free-standing condo, one of the few in this Allendale community. It is also handicap accessible. The HOA fee covers the water bill. The appliances are 4 years old: the HVAC & water heater are 4 years old. The washer and dryer are inside the unit. It is only 3.5 miles from UT ** Information provided is deemed reliable but is not guaranteed and should be independently verified. Buyer or Buyer's Agent to verify measurements, schools, & tax, etc. The title was opened with TNT Kim McCarthy**

At $311/sqft, this home is 20% 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

2301 Lawnmont Ave #1, Austin, TX 78756

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Property Details

Price $355,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,141 sqft

Lot Size 0.03 acres (1,450.55 sqft)

Year Built 1982

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Heritage Square Condo

County Travis

Zip Code 78756

$/sqft $311/sqft

Days on Market ,

HOA $300/Monthly

Annual Tax Est. $9,004.49

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT249041122

List Date October 8, 2026

Elementary School Highland Park

Middle School Lamar (Austin ISD)

High School McCallum

School District ,

Have Questions About This Property?

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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

700 Nelray Blvd #101
Nelly Condominiums $350,000 $329 2 bd / 2 ba 1,063 sqft , 2026-06-03

2300 Hancock Dr #5
2300 Hancock Drive Condo $325,000 $319 2 bd / 2 ba 1,020 sqft , 2026-09-02

1406 Brentwood St #2
Brentwood $399,900 $525 2 bd / 1 ba 762 sqft , 2026-08-13

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

$1,704/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

$71,000

20% conventional investment loan

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

Estimated Gross Rent+$1,704

Principal + Interest−$1,937

Property Tax (~2.1% TX avg)−$621

Insurance (~0.5%)−$148

Est. Monthly Cash Flow $-1,002

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 October 8, 2026.

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

2301 Lawnmont Ave #1

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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