About This Home

Welcome to this fully renovated condo just 15 minutes from downtown, 5 minutes from Mueller, 5 minutes to H-E-B, and just 18 minutes to The Domain. This is a great opportunity for anyone looking to invest or owner occupy in the heart of Austin without the long commute or high price. Each property has been entirely gutted and rebuilt in 2023 & is in a gated community. HOA allows Airnbnb & STRs. Seller is contributing $2,500 for Closing costs with Preferred lender.

HOA includes water/sewer, trash, common electric, landscaping, and insurance for exterior/structural

At $239/sqft, this home is 39% 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

2706 Wheless Ln #401, Austin, TX 78723

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Property Details

Price $179,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 750 sqft

Lot Size 0.78 acres (33,776.42 sqft)

Year Built 1984

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Vista Alegre 02

County Travis

Zip Code 78723

$/sqft $239/sqft

Days on Market ,

HOA $1,100/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237330033

List Date July 7, 2026

Elementary School Harris

Middle School Bertha Sadler Means

High School Northeast Early College

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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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

5820 Berkman Dr #120
Verandas On Berkman Condominiums $170,000 $269 1 bd / 1 ba 633 sqft , 2026-06-13

5820 Berkman Dr #110
Verandas On Berkman Condominium $225,000 $285 2 bd / 1 ba 789 sqft , 2026-04-22

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

$859/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

$35,800

20% conventional investment loan

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

Estimated Gross Rent+$859

Principal + Interest−$977

Property Tax (~2.1% TX avg)−$313

Insurance (~0.5%)−$75

Est. Monthly Cash Flow $-506

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 · 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 August 11, 2026.

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

2706 Wheless Ln #401

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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