Active Listing  ·  67 days on market

2307 Hermia St #24

Austin, TX 78741
$435,000
3 Bed 3 Bath 2,035 sqft $214/sqft Built 2017 0.15 acres 2-Car Garage Pool Eastwood/Riverside Ii Condos

Welcome to 2307 Hermia St., a stylish contemporary home in Austin's vibrant Montopolis neighborhood and a dream address for anyone who values their commute as much as their square footage. Located in a gated community just 7 minutes to Austin-Bergstrom International Airport and 12 minutes to Downtown Austin, this 3-bedroom, 2.5-bath home offers 2,035 sq. ft. of thoughtfully designed living space with one of the most desirable floor plans in the neighborhood.

The open-concept layout features soaring ceilings, abundant natural light, and seamless flow between the living, dining, and kitchen areas, making everyday living and entertaining effortless. The first-floor primary suite provides privacy and convenience, while two spacious upstairs bedrooms offer flexibility for guests, family, or a home office.

Recent upgrades include an updated backyard deck, upgraded kitchen appliances, custom shelving in the pantry and garage, smart home features, and a two-zone HVAC system with Nest controls. The larger-than-average fenced backyard creates the perfect space for relaxing, entertaining, or pets to play, and a dog park just steps away rounds out the neighborhood appeal.

Quick access to Downtown Austin, East Austin, South Austin, I-35, and Hwy 183 puts the entire city within easy reach. Located 5 miles from Austin-Bergstrom International Airport this is an ideal home base for frequent fliers and downtown commuters alike. You're also minutes from McKinney Falls State Park, Riverside Golf Course, H-E-B, and the Ann & Roy Butler Hike-and-Bike Trail. Walk to local favorite Ani's Day & Night for coffee, cocktails, food trucks, and live events, or explore the nearby Riverside food court.

The home has been pre-inspected and most identified repair items have already been completed, making this a truly move-in-ready opportunity. Combining thoughtful upgrades, an exceptional location, and modern comfort, this home offers the best of Austin living.

At $214/sqft, this home is 45% 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

2307 Hermia St #24, Austin, TX 78741

Property Details

Price $435,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,035 sqft
Lot Size 0.15 acres (6,555.78 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Eastwood/Riverside Ii Condos
County Travis
Zip Code 78741
$/sqft $214/sqft
Days on Market ,
HOA $190/Monthly
Annual Tax Est. $7,600
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230254091
List Date May 29, 2026
Elementary School Smith
Middle School Ojeda
High School Del Valle
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 →

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
302 Delmar Ave #B
St John's Home Addn
$435,000 $275 3 bd / 3 ba 1,580 sqft , 2026-04-09
15514 Cadoz Dr
Willow Run Sec 06
$435,000 $213 3 bd / 2 ba 2,046 sqft , 2026-03-21
2409 Water Well Ln
Wells Branch Ph A Sec 01
$435,000 $265 3 bd / 2 ba 1,642 sqft , 2026-05-14
6300 Capriola Dr
Cooper Oaks Sec 01
$435,000 $294 3 bd / 2 ba 1,478 sqft , 2026-06-29
8400 Spring Valley Dr
Windmill Run Sec 02-A
$435,000 $279 3 bd / 3 ba 1,559 sqft , 2026-07-13

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
$2,088/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
$87,000
20% conventional investment loan

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

Estimated Gross Rent+$2,088
Principal + Interest−$2,374
Property Tax (~2.1% TX avg)−$761
Insurance (~0.5%)−$181
Est. Monthly Cash Flow $-1,228

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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