Active Listing  ·  40 days on market

2605 S 2nd St #2

Austin, TX 78704
$749,000
3 Bed 4 Bath 1,292 sqft $580/sqft Built 2020 0.08 acres 1-Car Garage Pool 2605 South 2nd Street Condominiums

Tucked into one of 78704’s most sought-after pockets, this property offers a rare combination of privacy, flexibility, and easy access to South 1st, South Lamar, South Congress, downtown Austin, and the airport. Thoughtfully designed to maximize every square foot, it lives much larger than its footprint suggests. Surrounded by greenery and filled with natural light, this home features a dreamy enclosed sunroom, expansive windows, high ceilings, and a detached 1 bed/1 bath back house. The main house includes 2 bedrooms and 2.5 bathrooms with bright, comfortable spaces throughout. The detached back house offers even more flexibility for guests, working from home, hobbies, or additional living space. It also offers the opportunity to explore short-term rental potential. The fully fenced yard offers plenty of space for entertaining, while a built-in dog door adds everyday convenience. With fresh interior paint and upgraded landscaping, the home feels refreshed and ready for its next owner. Additional highlights include Somfy motorized blinds and a beautiful built-in bar perfect for coffee or cocktails. Perfectly positioned to enjoy the best of South Austin, this home is just minutes from South Austin Neighborhood Park, the new H-E-B, Barton Springs, Zilker Park, the St. Elmo District, and the many restaurants, coffee shops, and local favorites that make this part of Austin so special.

At $580/sqft, this home is priced 48% 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

2605 S 2nd St #2, Austin, TX 78704

Property Details

Price $749,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,292 sqft
Lot Size 0.08 acres (3,650.33 sqft)
Year Built 2020
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 2605 South 2nd Street Condominiums
County Travis
Zip Code 78704
$/sqft $580/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,171.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237544701
List Date June 25, 2026
Elementary School Galindo
Middle School Lively
High School Travis
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.

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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
907 E 53rd St
Ridgetop
$749,000 $442 4 bd / 3 ba 1,693 sqft , 2025-12-11
1908 Holly St
Driving Park Add
$749,000 $489 2 bd / 2 ba 1,531 sqft , 2026-06-27
1701 Simond Ave #327
Parkside/Mueller Condos
$749,000 $554 3 bd / 2 ba 1,352 sqft , 2026-06-29
4616 Sinclair Ave
Rosedale G
$749,000 $659 2 bd / 1 ba 1,137 sqft , 2026-07-01
804 W Annie St #2
Bouldin
$749,000 $881 2 bd / 2 ba 850 sqft , 2026-07-02

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
$3,595/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
$149,800
20% conventional investment loan

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

Estimated Gross Rent+$3,595
Principal + Interest−$4,088
Property Tax (~2.1% TX avg)−$1,311
Insurance (~0.5%)−$312
Est. Monthly Cash Flow $-2,116

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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