Active Listing  ·  152 days on market

2308 Montague St

Austin, TX 78741
$399,900
3 Bed 3 Bath 1,898 sqft $211/sqft Built 2015 0.15 acres 2-Car Garage Pool Eastwood At Riverside

NEW PRICE – NOW OFFERED AT $399,900! Experience exceptional value in the heart of East Riverside with this beautifully updated, move-in ready home. Thoughtfully refreshed with over $13,000 in documented improvements, including fresh interior paint, new carpet, upgraded LED lighting, an epoxy-coated garage floor, a brand-new stained backyard deck, professional deep cleaning, and numerous additional updates designed to provide peace of mind from day one.

Beyond the home itself, the location is what truly sets this property apart. Situated just minutes from Downtown Austin, Lady Bird Lake, Oracle, South Congress, Austin-Bergstrom International Airport, and some of the city's best dining, entertainment, and outdoor recreation, you'll enjoy both everyday convenience and exceptional connectivity.

East Riverside continues to be one of Austin's most exciting growth corridors, benefiting from significant public and private investment, transformative mixed-use redevelopment, new parks, retail, restaurants, entertainment, and ongoing transportation improvements. Whether you're searching for your primary residence or a long-term investment in one of Austin's most dynamic neighborhoods, this home offers a rare opportunity to own in an area with tremendous momentum.

Move-in ready, competitively priced, and located in one of Austin's most promising neighborhoods—2308 Montague is an opportunity you don't want to miss. Schedule your private showing today!

At $211/sqft, this home is 46% 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

2308 Montague St, Austin, TX 78741

Property Details

Price $399,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,898 sqft
Lot Size 0.15 acres (6,738.73 sqft)
Year Built 2015
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Eastwood At Riverside
County Travis
Zip Code 78741
$/sqft $211/sqft
Days on Market ,
HOA $120/Monthly
Annual Tax Est. $9,653
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220490299
List Date March 5, 2026
Elementary School Smith
Middle School Smith
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 →

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 · March 5, 2026 $499,000
Previous ask $439,900
Current ask $399,900
Reduced $99,100 (-19.9%) 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
6800 Menchaca Rd #13
Soma Village Condos
$399,900 $259 2 bd / 3 ba 1,542 sqft , 2026-04-21
6902 Notre Dame Dr
University Hills Sec 1
$399,900 $316 3 bd / 2 ba 1,265 sqft , 2026-05-08
7211 Lakewood Dr #G124
Lakewood Condo Amd
$399,900 $284 3 bd / 2 ba 1,410 sqft , 2026-03-12
6720 Cromarty Ln
Belhaven Sec 02
$399,900 $195 4 bd / 2 ba 2,051 sqft , 2026-05-30
11306 April Dr
Four Seasons Fall Sec
$399,900 $204 4 bd / 2 ba 1,962 sqft , 2026-05-28

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
$1,920/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
$79,980
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,182
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,129

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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