Active Listing  ·  69 days on market

2702 S 2nd St #1 & 2

Austin, TX 78704
$925,000
3 Bed 3 Bath 2,496 sqft $371/sqft Built 1948 0.14 acres Pool Oak Ridge Heights Sec 01

This rare, two-home property pays homage to South Austin’s funky bungalow vibe complimented by a free-standing contemporary condo. This quaint 1940's bungalow has been updated, keeping architectural and period accents in mind. Other improvements include: tankless water heater, new roof and insulation, reconstituted exterior drainage and exterior water access, masonite siding and hardy siding installed, restored original pine floors and siding, updated lighting & ceiling fans in each room. Covered porch and masonry addition. All new tiling, carpeting and toilets in bathrooms. New soft close kitchen cabinets with Samsung Bespoke appliances and Bosch dishwasher.

At $371/sqft, this home is 5% 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

2702 S 2nd St #1 & 2, Austin, TX 78704

Property Details

Price $925,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,496 sqft
Lot Size 0.14 acres (6,189.88 sqft)
Year Built 1948
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Ridge Heights Sec 01
County Travis
Zip Code 78704
$/sqft $371/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231580375
List Date May 27, 2026
Elementary School Dawson
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.

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
14603 Broken Bow Trl
Apache Shores Sec 03 Amd
$925,000 $364 3 bd / 3 ba 2,543 sqft , 2026-05-14
7705 Jester Blvd
Jester Point 02 Sec 04
$925,000 $440 3 bd / 3 ba 2,104 sqft , 2026-06-25
1118 Algarita Ave #2
1118 Algarita Condos
$925,000 $516 3 bd / 3 ba 1,792 sqft , 2026-07-30
1907 Stoneridge Rd
Countryside Sec 01
$925,000 $513 4 bd / 2 ba 1,804 sqft , 2026-08-03
10507 Plumewood Dr
Spicewood At Balcones Villages
$924,900 $379 3 bd / 3 ba 2,442 sqft , 2026-07-03

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
$4,440/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
$185,000
20% conventional investment loan

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

Estimated Gross Rent+$4,440
Principal + Interest−$5,048
Property Tax (~2.1% TX avg)−$1,619
Insurance (~0.5%)−$385
Est. Monthly Cash Flow $-2,612

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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