Active Listing  ·  8 days on market

2401 Manor Rd #222

Austin, TX 78722
$199,000
2 Bed 1 Bath 770 sqft $258/sqft Built 1963 1.42 acres 1-Car Garage Pool Avent R G 03 & 07ac Ofland Olt

This condo drops you right into the heart of East Austin, UT, Mueller, and Downtown, one of the most connected pockets in the city. Coffee shops, restaurants, nightlife, parks, major employers, and fast commuter routes are all within easy reach. The second-floor layout keeps city living simple and low-maintenance. Natural light and an open living space make this one easy to own, rent out, or lock and leave whenever travel calls. The unit includes 2 bedrooms, one full bathroom with closet space, a kitchen, an open living room, and a connected stackable washer and dryer. Location is what really sells this place. You're minutes from UT Austin, Dell Medical School, Moody Center, Mueller, Downtown, and the East Side restaurant scene. Whether you're buying your first home, investing, house hunting for a student, or just want to be in the middle of everything, this condo delivers lasting location value in central Austin.

At $258/sqft, this home is 34% 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

2401 Manor Rd #222, Austin, TX 78722

Property Details

Price $199,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 770 sqft
Lot Size 1.42 acres (61,855.2 sqft)
Year Built 1963
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Avent R G 03 & 07ac Ofland Olt
County Travis
Zip Code 78722
$/sqft $258/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248414541
List Date September 30, 2026
Elementary School Maplewood
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.

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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
3703 Harmon Ave #101
Johnsons L C Resub
$199,900 $313 1 bd / 1 ba 638 sqft , 2026-06-17
1309 Chicon St #202
Habichts
$205,700 $316 1 bd / 1 ba 650 sqft , 2024-06-24
2401 Manor Rd #119
East University Place
$215,000 $262 2 bd / 1 ba 820 sqft , 2026-06-05
2931 E 12th St #206
East End Flats Amd
$215,000 $330 1 bd / 1 ba 651 sqft , 2026-08-13
3703 Harmon Ave #104
Johnsons L C Resub
$179,000 $281 1 bd / 1 ba 638 sqft , 2026-07-29

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 October 1, 2026.

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