Active Listing  ·  77 days on market

2303 Cedrick Cv #C

Austin, TX 78748
$199,000
1 Bed 1 Bath 780 sqft $255/sqft Built 1983 0.05 acres Pool Austin Hills II

Whether you're searching for a beautifully updated place to call home or a smart addition to your investment portfolio, this fully remodeled condo presents a rare opportunity in Austin.

Part of a four-unit condominium community created from a renovated fourplex, this residence offers the perfect balance of modern comfort, convenience, and long-term flexibility. From the moment you step inside, you'll appreciate the fresh finishes, updated flooring, contemporary lighting, and thoughtfully refreshed living spaces that create a clean, inviting atmosphere.

The open and functional layout is designed to maximize everyday living, providing comfortable gathering spaces, updated kitchen and bath areas, and a move-in-ready experience that allows you to settle in immediately. Whether you're a first-time buyer, a busy professional, or an investor seeking a turnkey asset, this home checks all the right boxes.

What truly sets this opportunity apart is its versatility. Purchase this unit individually and enjoy all the benefits of condo ownership, or explore the possibility of acquiring additional units—or even the entire fourplex—for a unique investment strategy. Opportunities to buy individual units with the option to expand ownership within the same property are increasingly rare.

Enjoy easy access to Austin's thriving employment centers, dining destinations, entertainment venues, and outdoor recreation opportunities. Austin's strong economy, vibrant culture, and no-state-income-tax advantage continue to attract residents and investors alike, making this an opportunity worth considering.

Whether you're building equity, generating rental income, or expanding your portfolio, this fully remodeled condo offers the flexibility and value

At $255/sqft, this home is 35% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2303 Cedrick Cv #C, Austin, TX 78748

Property Details

Price $199,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 780 sqft
Lot Size 0.05 acres (2,008.12 sqft)
Year Built 1983
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Austin Hills II
County Travis
Zip Code 78748
$/sqft $255/sqft
Days on Market ,
HOA $264/Monthly
Annual Tax Est. $4,965.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238329611
List Date July 8, 2026
Elementary School Cunningham
Middle School Covington
High School Crockett
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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 8, 2026 $250,000
Current ask $199,000
Reduced $51,000 (-20.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2303 Cedrick Cv #A
Austin Hills II Condominiums
$199,000 $255 2 bd / 1 ba 780 sqft , 2026-07-08
2303 Cedrick Cv #B
Austin Hills II
$199,000 $255 2 bd / 1 ba 780 sqft , 2026-07-08
9508 Kempler Dr #D
Austin Hills Condominiums
$199,000 $220 1 bd / 1 ba 904 sqft , 2026-07-08
9508 Kempler Dr #B
Austin Hills Condominiums
$199,000 $220 1 bd / 1 ba 904 sqft , 2026-07-08
2303 Cedrick Cv #D
AUSTIN HILLS II
$199,000 $255 2 bd / 1 ba 780 sqft , 2026-07-08

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
$955/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
$39,800
20% conventional investment loan

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

Estimated Gross Rent+$955
Principal + Interest−$1,086
Property Tax (~2.1% TX avg)−$348
Insurance (~0.5%)−$83
Est. Monthly Cash Flow $-562

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 9, 2026.

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