Active Listing  ·  4 days on market

2600 Penny Ln #118

Austin, TX 78757
$199,000
2 Bed 2 Bath 831 sqft $239/sqft Built 1969 0.03 acres Pool Victoria Square Condo

WANT TO BUY IN AUSTIN WITHOUT A TRADITIONAL BANK LOAN? OWNER FINANCING AVAILABLE! This recently renovated 2-bedroom, 2-bath condo offers a unique opportunity to own in North Austin with flexible seller-financing options available.

The condo has been updated throughout and is truly move-in ready, including a brand-new refrigerator, stove, microwave, light fixtures, and more. Located on the first floor, it also features a covered patio and its own small private yard, giving you some outdoor space without all the maintenance.

The location is hard to beat. You're just minutes from The Domain with convenient access to shopping, restaurants, entertainment, major employers, and everything North Central Austin has to offer.

If you're looking for an affordable, low-maintenance, lock-and-leave home that's already been renovated, this one checks a lot of boxes.

And if traditional financing has been standing in the way of buying, let's talk. The seller is open to flexible owner-financing terms with a strong down payment.

At $239/sqft, this home is 39% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2600 Penny Ln #118, Austin, TX 78757

Property Details

Price $199,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 831 sqft
Lot Size 0.03 acres (1,263.24 sqft)
Year Built 1969
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Victoria Square Condo
County Travis
Zip Code 78757
$/sqft $239/sqft
Days on Market ,
HOA $345/Monthly
Annual Tax Est. $2,803.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247238302
List Date September 18, 2026
Elementary School Pillow
Middle School Burnet (Austin ISD)
High School Anderson
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
7920 Rockwood Ln #249
Royal Orleans North Condo Amd
$199,699 $269 1 bd / 1 ba 743 sqft , 2026-05-29
7801 Shoal Creek Blvd #203
Tiffany Condo
$195,000 $248 2 bd / 1 ba 786 sqft , 2026-05-08
2425 Ashdale Dr #32
Summit Condo Amd
$204,900 $212 2 bd / 2 ba 967 sqft , 2026-05-21
8888 Tallwood Dr #2109
8888 Tallwood Condo Amd
$189,900 $207 2 bd / 2 ba 916 sqft , 2026-03-07
7685 Northcross Dr #921
Allandale The
$189,900 $330 1 bd / 1 ba 576 sqft , 2026-06-22

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
$955/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
$39,800
20% conventional investment loan

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

Estimated Gross Rent+$955
Principal + Interest−$1,086
Property Tax (~2.1% TX avg)−$348
Insurance (~0.5%)−$83
Est. Monthly Cash Flow $-562

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 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. This page was last updated on September 19, 2026.

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