Active Listing  ·  17 days on market

2408 Longview St #109

Austin, TX 78705
$220,000
2 Bed 1 Bath 650 sqft $338/sqft Built 1962 0.02 acres 2-Car Garage Pool Star West Condo

West Campus opportunity with the renovation already done. This 2-bedroom, 1-bath condo at 2408 Longview St #109 sits inside a gated community just blocks from the University of Texas campus, in one of Austin's most consistently in-demand rental and resale corridors. The current owner has put roughly $40,000 into recent updates, anchored by a full kitchen remodel and refreshed bathroom finishes, giving the next owner updated interiors without the cost or timeline of doing the work themselves.

Inside, the layout is clean and functional, with the living and dining areas flowing together for an easy day-to-day footprint. The remodeled kitchen and updated bathroom give the unit a fresher, more contemporary feel than much of the surrounding inventory. Outside, residents have access to a shaded courtyard area, a nice everyday retreat for morning coffee or unwinding after class or work, along with the added privacy of gated grounds. Two designated parking spaces come with the unit, a real convenience this close to campus where parking is often the biggest constraint.

Tenants are currently in place, which makes this a turnkey hold for an investor looking for immediate rental income, or a strong option for a future owner-occupant who wants to plan a purchase around the existing lease. Location is the core value here: walking distance to UT, with nearby access to the restaurants, shops, and everyday conveniences that keep West Campus consistently in demand for both renters and buyers.

Whether the plan is to hold as a long-term rental, use it as an income property near campus, or transition to owner-occupant once the lease allows, this unit combines updated finishes, secured parking, and a location that's difficult to replicate elsewhere in Austin.

At $338/sqft, this home is 14% 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

2408 Longview St #109, Austin, TX 78705

Property Details

Price $220,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 650 sqft
Lot Size 0.02 acres (901.69 sqft)
Year Built 1962
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Star West Condo
County Travis
Zip Code 78705
$/sqft $338/sqft
Days on Market ,
HOA $220/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246109620
List Date September 21, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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
2413 Leon St #104
ST CHARLES CONDOMINIUMS AMEN
$216,000 $280 2 bd / 1 ba 771 sqft , 2026-05-31
2804 Rio Grande St #201
Westview Condo
$225,000 $391 1 bd / 1 ba 576 sqft , 2026-05-01
2803 Hemphill Park #B-110
Whitis
$210,000 $467 1 bd / 1 ba 450 sqft , 2026-06-16
803 W 28th St #202
San Pedro Oaks Condo
$231,000 $337 2 bd / 2 ba 685 sqft , 2026-06-03
2208 Enfield Rd #105
Westfield Plaza Condo Amd
$239,717 $274 2 bd / 1 ba 876 sqft , 2026-05-19

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
$1,056/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
$44,000
20% conventional investment loan

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

Estimated Gross Rent+$1,056
Principal + Interest−$1,201
Property Tax (~2.1% TX avg)−$385
Insurance (~0.5%)−$92
Est. Monthly Cash Flow $-622

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 September 25, 2026.

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