About This Home

This cozy 1 bed/1 bath condo with a private balcony is ideally situated just one block from the University of Texas at Austin! It offers convenient city living making it perfect for students, professionals, or anyone seeking an urban lifestyle. Close proximity to Cockrell School of Engineering, Moody College of Communications, UT Law and College of Natural Sciences. The community has on-site laundry and condo includes one assigned parking space. It is currently leased at $1225 through 7/31/26, then ready to be leased or owner occupied! Please text tenant at least 2 hours prior to showing.

At $466/sqft, this home is priced 19% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2801 Hemphill Park #A302, Austin, TX 78705

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Property Details

Price $209,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 450 sqft

Lot Size 0.01 acres (431.24 sqft)

Year Built 1977

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Quarters Condominiums

County Travis

Zip Code 78705

$/sqft $466/sqft

Days on Market ,

HOA $175/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237629546

List Date June 25, 2026

Elementary School Lee

Middle School Kealing

High School McCallum

School District ,

Have Questions About This Property?

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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

2803 Hemphill Park #B106
Quarters Condominiums $209,900 $466 1 bd / 1 ba 450 sqft , 2026-03-09

2801 Hemphill Park #A201
Quarters Condominiums $209,900 $466 1 bd / 1 ba 450 sqft , 2026-04-20

2803 Hemphill Park #B-110
Whitis $210,000 $467 1 bd / 1 ba 450 sqft , 2026-06-16

2808 Whitis Ave #C301
The Jocey Condominiums $215,000 $478 1 bd / 1 ba 450 sqft , 2026-04-08

2801 Hemphill Park #A303
Quarters Condominiums $215,000 $478 1 bd / 1 ba 450 sqft , 2026-05-20

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

$1,008/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

$41,980

20% conventional investment loan

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

Estimated Gross Rent+$1,008

Principal + Interest−$1,146

Property Tax (~2.1% TX avg)−$367

Insurance (~0.5%)−$87

Est. Monthly Cash Flow $-592

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 June 26, 2026.

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

2801 Hemphill Park #A302

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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