About This Home

Leased through August 5, 2026, at $2,250 per month, this spacious 2-bedroom, 2-bathroom condo is ideally situated in the heart of West Campus. This condo comes with FOUR dedicated garage parking spots. Investors, don't miss this opportunity to own a fully leased property in a prime location.

At $396/sqft, this home is priced 2% 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

2529 Rio Grande St #70, Austin, TX 78705

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Property Details

Price $419,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,057 sqft

Lot Size 0.02 acres (914.76 sqft)

Year Built 1979

Garage 4 spaces

Stories ,

Type Residential · Condominium

Subdivision Orange Tree Condominia Amd

County Travis

Zip Code 78705

$/sqft $396/sqft

Days on Market ,

HOA $317/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT205018124

List Date August 22, 2025

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District Austin ISD

School District

Austin ISD

Bryker Woods · O Henry · Austin

Have Questions About This Property?

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

1212 Guadalupe St #903
Penthouse Condo $417,500 $491 1 bd / 1 ba 850 sqft , 2026-09-10

2505 San Gabriel St #304
Texan Tower Condo Amd $415,000 $363 2 bd / 2 ba 1,142 sqft , 2026-08-08

2529 Rio Grande St #85
Orange Tree Condominia Amd $414,900 $360 3 bd / 3 ba 1,152 sqft , 2026-04-02

711 W 26th St #506
Piazza Navona Condo $424,900 $379 2 bd / 2 ba 1,122 sqft , 2026-04-02

1801 Lavaca St #4K
Cambridge Condo Amd $424,900 $363 2 bd / 2 ba 1,169 sqft , 2026-07-09

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

$2,011/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

$83,800

20% conventional investment loan

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

Estimated Gross Rent+$2,011

Principal + Interest−$2,287

Property Tax (assumed ~2.1%)−$733

Insurance (assumed ~0.5%)−$175

Est. Monthly Cash Flow $-1,184

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

About the Author

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 October 26, 2026.

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

2529 Rio Grande St #70

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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