About This Home

West campus condo. The Valencia is a small well-managed condo complex in the heart of west campus. Quiet and secure, the building has a great rental history. This unit has been updated with new kitchen and bathrooms, flooring and finishes. Really stands out. 3rd floor unit so especially quiet and private, gated access and comes with two parking spaces. The owner just graduated and lived here for 6 years while completing architecture and architectural engineering degrees. Great experience living here. Come see!

At $414/sqft, this home is priced 6% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2509 Pearl St #5, Austin, TX 78705

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Property Details

Price $350,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 845 sqft

Lot Size 0.02 acres (753.59 sqft)

Year Built 1985

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Valencia Condo

County Travis

Zip Code 78705

$/sqft $414/sqft

Days on Market ,

HOA $356/Monthly

Annual Tax Est. $6,524.44

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT230476845

List Date June 5, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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

2609 Davis Ln #2
Hoffman Charles $350,000 $318 2 bd / 2 ba 1,100 sqft , 2025-04-15

5309 Prock Ln
Green Valley 02 $350,000 $389 2 bd / 1 ba 900 sqft , 2026-03-12

8142 Ceberry Dr #B
Spicewood Forest $350,000 $355 2 bd / 2 ba 987 sqft , 2026-02-23

8204 Kellog Ct
Oak Plantations $350,000 $389 3 bd / 1 ba 900 sqft , 2026-03-13

4709 Leslie Ave
Cedar Valley $349,999 $329 3 bd / 1 ba 1,064 sqft , 2026-04-09

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

$1,680/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

$70,000

20% conventional investment loan

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

Estimated Gross Rent+$1,680

Principal + Interest−$1,910

Property Tax (~2.1% TX avg)−$613

Insurance (~0.5%)−$146

Est. Monthly Cash Flow $-989

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

2509 Pearl St #5

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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