About This Home

Sitting in the heart of West Campus, Orange Tree Condos is a staple of the neighborhood. Unit 78 is a very spacious 2 bedroom x 2 bathroom layout that is ideal for college students. The condo is currently leased for $2,400 per month until July 31st, 2027. This is the ideal condo for those looking to establish Texas Residency for in-state tuition or for those who wish to purchase an investment property. Contact the Gill Cave Group to schedule a viewing.

At $360/sqft, this home is 8% 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 #78, Austin, TX 78705

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Property Details

Price $380,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,055 sqft

Lot Size 1.00 acres (43,560 sqft)

Year Built 1977

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Orange Tree Condominiums

County Travis

Zip Code 78705

$/sqft $360/sqft

Days on Market ,

HOA $316/Monthly

Annual Tax Est. $6,400

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240895167

List Date July 22, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

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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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 22, 2026 $390,000

Current ask $380,000

▼ Reduced $10,000 (-2.6%) 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

5003 Heflin Ln
Flournoy & Jones 04 Sec 01 $380,000 $528 2 bd / 1 ba 720 sqft , 2026-03-08

2508 Enfield Rd #8
Enfield Challenge Condo $380,000 $391 2 bd / 3 ba 971 sqft , 2026-04-23

1741 Spyglass Dr #1-127
One Barton Place Condo $380,000 $425 2 bd / 2 ba 894 sqft , 2026-05-07

6409 Del Monte Rd
Mohle Add $380,000 $427 2 bd / 1 ba 890 sqft , 2026-06-09

6809 Porter St #2
Chernosky $380,000 $290 2 bd / 3 ba 1,312 sqft , 2026-06-24

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

$1,824/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

$76,000

20% conventional investment loan

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

Estimated Gross Rent+$1,824

Principal + Interest−$2,074

Property Tax (~2.1% TX avg)−$665

Insurance (~0.5%)−$158

Est. Monthly Cash Flow $-1,073

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 #78