Active Listing  ·  142 days on market

2529 Rio Grande St #56

Austin, TX 78705
$365,000
2 Bed 1 Bath 906 sqft $403/sqft Built 1977 1-Car Garage Pool Orange Tree Condominium

Located just minutes from the vibrant heart of Downtown Austin and within walking distance to the University of Texas, this updated 2-bedroom, 1-bath condo offers the perfect blend of convenience and comfort. Inside, you'll find a well-maintained unit with modern updates throughout. The living space features a bright and airy layout, ideal for relaxing or entertaining and an in-unit washer and dryer connections. The condo also comes with 1 reserved parking spot, ensuring you always have a place to park in this highly sought-after area. Whether you're a UT student, faculty member, or someone looking to be close to all the action in Austin, this condo is the perfect place to call home!

At $403/sqft, this home is priced 3% 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

2529 Rio Grande St #56, Austin, TX 78705

Property Details

Price $365,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 906 sqft
Lot Size ,
Year Built 1977
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Orange Tree Condominium
County Travis
Zip Code 78705
$/sqft $403/sqft
Days on Market ,
HOA $272/Monthly
Annual Tax Est. $5,113
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222516540
List Date March 15, 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.

Schedule a Call →

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
2220 Webberville Rd #211
Axion East Condos
$365,000 $482 1 bd / 1 ba 758 sqft , 2026-02-16
8200 Neely Dr #229
Neelys Canyon Condo Amd
$365,000 $303 2 bd / 2 ba 1,203 sqft , 2025-08-01
8200 Neely Dr #154
Neelys Canyon Condo Amd
$365,000 $319 2 bd / 2 ba 1,144 sqft , 2026-05-12
700 Nelray Blvd #101
Nelly Condominiums
$365,000 $343 2 bd / 2 ba 1,063 sqft , 2026-06-03
7106 Moat Cv
Buckingham Estates Ph 2 Sec 2
$365,000 $333 3 bd / 2 ba 1,096 sqft , 2026-06-04

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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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