Active Listing  ·  202 days on market

2308 Santa Rita St

Austin, TX 78702
$450,000
2 Bed 2 Bath 882 sqft $510/sqft Built 1940 0.07 acres Pool Buena Vista

Located in the heart of East Austin, this impeccably maintained two-bedroom, two-bath residence offers a rare combination of flexibility, privacy, and walkability. Thoughtfully designed with well-separated bedrooms and private baths, the layout is ideal for roommates, guests, UT students, downtown professionals, or those seeking a lock-and-leave lifestyle.

Natural light fills the open living and dining areas, creating a welcoming atmosphere with an easy flow into the kitchen. Meticulously cared for and move-in ready, the home balances comfort and functionality for everyday living while offering the versatility today’s buyers value.

Set just moments from Lady Bird Lake, East Austin’s celebrated dining and nightlife scene, and minutes from downtown, the location delivers an exceptional balance of energy and convenience. Surrounded by striking new construction and ongoing redevelopment, the property presents a compelling opportunity in one of Austin’s most sought-after corridors—whether as a primary residence, a home for a UT student, or a long-term investment.

At $510/sqft, this home is priced 30% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2308 Santa Rita St, Austin, TX 78702

Property Details

Price $450,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 882 sqft
Lot Size 0.07 acres (3,001.28 sqft)
Year Built 1940
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Buena Vista
County Travis
Zip Code 78702
$/sqft $510/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,673.86
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216422006
List Date January 14, 2026
Elementary School Zavala
Middle School Martin
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.

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
605 E 55th St #4
THE HIGHLANDS ADDITION
$450,000 $629 2 bd / 3 ba 715 sqft , 2025-11-14
15001 Dexler Dr
Cardinal Hills Estates Unit 12
$450,000 $388 3 bd / 2 ba 1,161 sqft , 2026-01-13
1900 Barton Springs Rd #3028
Zilkr on the Park Condos
$450,000 $536 1 bd / 1 ba 839 sqft , 2026-04-06
360 Nueces St #1407
Residential Condo Amd 360
$450,000 $528 1 bd / 1 ba 852 sqft , 2025-11-14
908 Nueces St #31
Celias Court/908 Nueces Condo
$450,000 $476 1 bd / 1 ba 946 sqft , 2026-03-02

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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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