Active Listing  ·  105 days on market

2505 E 11th St #2

Austin, TX 78702
$479,000
2 Bed 3 Bath 896 sqft $535/sqft Built 2018 0.13 acres 1-Car Garage Pool 2505 E 11th Street Condos

Experience modern living in the heart of vibrant East Austin at **2502 E 11th Street #2**. This newly completed two-story home features an open-concept floor plan with two spacious bedrooms upstairs, an attached garage, and a private balcony offering downtown skyline views.

The thoughtfully designed interior is complemented by contemporary finishes, abundant natural light, and a seamless flow that's perfect for both everyday living and entertaining.

Situated in one of Austin's most sought-after neighborhoods, you'll be just minutes from some of the city's favorite restaurants, coffee shops, and nightlife, including **Franklin Barbecue, Paperboy, Hillside Farmacy, Suerte, Canje, Nickel City, Whisler's, and Lazarus Brewing**, with Downtown Austin and the East Sixth entertainment district just moments away. East Austin is known for its walkability, acclaimed dining, and vibrant arts and culture scene, making this an exceptional place to call home.

At $535/sqft, this home is priced 37% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2505 E 11th St #2, Austin, TX 78702

Property Details

Price $479,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 896 sqft
Lot Size 0.13 acres (5,793.48 sqft)
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 2505 E 11th Street Condos
County Travis
Zip Code 78702
$/sqft $535/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,230.92
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240547870
List Date July 30, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
School District Austin ISD

Austin ISD

Blackshear · Kealing · Eastside Early College

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 · July 30, 2026 $535,000
Previous ask $485,000
Current ask $479,000
▼ Reduced $56,000 (-10.5%) 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
1305 E 6th St #13
1305 Lofts A Condo Amd
$475,000 $413 1 bd / 2 ba 1,150 sqft , 2026-05-08
3409 Neal St #2
3409 NEAL CONDOMINIUMS
$485,000 $444 2 bd / 3 ba 1,092 sqft , 2026-06-16
1905 E 18th St
Outlot 18 Div B
$485,000 $539 2 bd / 1 ba 900 sqft , 2026-10-21
1176 Graham St
Keystone Add
$495,000 $625 2 bd / 1 ba 792 sqft , 2026-03-30
2009 Pennsylvania Ave #2
2009 Pennsylvania Condos
$499,900 $430 2 bd / 3 ba 1,162 sqft , 2026-11-06

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
$2,299/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
$95,800
20% conventional investment loan

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

Estimated Gross Rent+$2,299
Principal + Interest−$2,614
Property Tax (assumed ~2.1%)−$838
Insurance (assumed ~0.5%)−$200
Est. Monthly Cash Flow $-1,353

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 · 41 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. The written content was last updated on September 24, 2026.

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

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