Active Listing  ·  60 days on market

2401 Manor Rd #119

Austin, TX 78722
$215,000
2 Bed 1 Bath 820 sqft $262/sqft Built 1963 0.02 acres 2-Car Garage Pool East University Place

Fantastic investment opportunity in the heart of East Austin! This spacious 2 bedroom, 1 bathroom condo offers approximately 820 square feet of comfortable living space in one of Austin's most desirable and rapidly growing neighborhoods. Conveniently located just minutes from the University of Texas, downtown Austin, major employers, restaurants, coffee shops, and entertainment, this property is ideal for investors, students, young professionals, or owner occupants alike. The functional floor plan features generously sized bedrooms, an open living area, and excellent rental potential thanks to its prime location near campus and the city's urban core. Whether you're looking to expand your investment portfolio or secure a home in a highly sought after area, this East Austin gem is a must see

At $262/sqft, this home is 33% 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

2401 Manor Rd #119, Austin, TX 78722

Property Details

Price $215,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 820 sqft
Lot Size 0.02 acres (827.64 sqft)
Year Built 1963
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision East University Place
County Travis
Zip Code 78722
$/sqft $262/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. $4,397
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232835736
List Date June 5, 2026
Elementary School Campbell
Middle School Kealing
High School McCallum
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
6910 Hart Ln #203
Malaga Condo Amd
$215,000 $222 2 bd / 2 ba 967 sqft , 2026-02-12
935 La Posada Dr #128
Flats At 935 Condos
$215,000 $209 2 bd / 2 ba 1,030 sqft , 2026-04-16
1104 Vasquez St
Chernosky 16
$215,000 $197 2 bd / 2 ba 1,093 sqft , 2025-10-28
1748 Ohlen Rd #74
Brandywine Condo Amd
$215,000 $279 1 bd / 1 ba 770 sqft , 2026-06-17
6324 N Lamar Blvd #212
Ellis Highline Condominium
$215,000 $302 1 bd / 1 ba 713 sqft , 2026-05-30

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
$1,032/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
$43,000
20% conventional investment loan

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

Estimated Gross Rent+$1,032
Principal + Interest−$1,173
Property Tax (~2.1% TX avg)−$376
Insurance (~0.5%)−$90
Est. Monthly Cash Flow $-607

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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