Active Listing  ·  156 days on market

2401 Manor Rd #232

Austin, TX 78722
$170,000
1 Bed 1 Bath 700 sqft $243/sqft Built 1963 0.02 acres Pool East University Place Condos

Well-maintained one-bedroom condo in a gated community just blocks from the University of Texas and minutes to downtown. The updated kitchen features stainless steel appliances and sleek black granite countertops, while the interior offers a modern feel with stylish baseboards, crown molding, and retextured walls. NO popcorn ceilings and NO carpet throughout. HVAC was replaced in 2022, adding efficiency and peace of mind. Residents enjoy access to community amenities including a pool, private courtyard, gazebo, and picnic/grill areas. Located within walking distance to The Vortex, popular eateries, coffee shops, and entertainment. Alternative commuting is simple with city transit and the UT shuttle less than one block away. Fridge and stackable washer/dryer convey.

At $243/sqft, this home is 38% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2401 Manor Rd #232, Austin, TX 78722

Property Details

Price $170,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 700 sqft
Lot Size 0.02 acres (740.52 sqft)
Year Built 1963
Garage ,
Stories ,
Type Residential · Condominium
Subdivision East University Place Condos
County Travis
Zip Code 78722
$/sqft $243/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. $4,131.73
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222223995
List Date March 11, 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.

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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 11, 2026 $185,000
Previous ask $175,000
Current ask $170,000
Reduced $15,000 (-8.1%) 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
3703 Harmon Ave #206
Johnsons L C Resub
$179,000 $281 1 bd / 1 ba 638 sqft , 2025-06-27
3703 Harmon Ave #104
Johnsons L C Resub
$179,000 $281 1 bd / 1 ba 638 sqft , 2026-07-29
2401 Manor Rd #217
Avent R G 03 & 07ac Ofland Olt
$190,000 $238 2 bd / 1 ba 800 sqft , 2026-06-18
3703 Harmon Ave #101
Johnsons L C Resub
$199,900 $313 1 bd / 1 ba 638 sqft , 2026-06-17
2401 Manor Rd #132A
EAST UNIVERSITY PLACE CONDOMINIUMS
$138,800 $298 1 bd / 1 ba 465 sqft , 2026-05-08

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
$816/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
$34,000
20% conventional investment loan

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

Estimated Gross Rent+$816
Principal + Interest−$928
Property Tax (~2.1% TX avg)−$298
Insurance (~0.5%)−$71
Est. Monthly Cash Flow $-481

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 August 1, 2026.

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