About This Home

Spacious two-bedroom, 2.5-bath two-story condominium located in the highly desirable University of Texas West Campus area, just a five-minute walk to school. This well-appointed unit features beautiful wood flooring and a functional two-level layout that offers privacy and separation of living spaces. The downstairs includes a convenient in-unit washer and dryer. The property also comes with two garage parking spaces, a rare find in West Campus. Ideal for students, roommates, or professionals looking for comfort, convenience, and an unbeatable location near UT.

At $385/sqft, this home is 2% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2529 Rio Grande St #7, Austin, TX 78705

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Property Details

Price $429,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths 1

Living Area 1,115 sqft

Lot Size 0.02 acres (958.32 sqft)

Year Built 1977

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Orange Tree Condominia Amd

County Travis

Zip Code 78705

$/sqft $385/sqft

Days on Market ,

HOA $334/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT218515567

List Date February 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

300 Crockett St #116
Courtyard Condo Amd $429,000 $346 3 bd / 2 ba 1,239 sqft , 2026-03-18

2209 S 1st St #218
Bouldin $429,000 $567 1 bd / 1 ba 756 sqft , 2025-12-05

2209 S 1st St #217
Bouldin $429,000 $567 1 bd / 1 ba 756 sqft , 2026-06-09

5005 Lott Ave #2
Masonfield $429,000 $396 2 bd / 2 ba 1,084 sqft , 2026-07-02

4127 E 12th St #8
The Sexton at Springdale $429,875 $326 3 bd / 3 ba 1,320 sqft , 2025-06-06

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

$2,059/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

$85,800

20% conventional investment loan

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

Estimated Gross Rent+$2,059

Principal + Interest−$2,341

Property Tax (~2.1% TX avg)−$751

Insurance (~0.5%)−$179

Est. Monthly Cash Flow $-1,212

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

2529 Rio Grande St #7

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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