Active Listing  ·  81 days on market

2801 Rio Grande St #308

Austin, TX 78705
$325,000
2 Bed 2 Bath 832 sqft $391/sqft Built 1981 0.02 acres Pool Parapet Condo

Welcome to this charming top-floor condo in the heart of West Campus! Located at 2801 Rio Grande St, this spacious 2-bedroom, 2-bath unit features 2 assigned parking spots and stacked washer and dryer. It offers the perfect blend of comfort, convenience, and character just minutes from UT Austin, Guadalupe, downtown Austin, and countless dining, coffee, and entertainment options.

Inside, you’ll find vaulted and beamed ceilings, abundant natural light, and a living and dining area that feels bright and inviting. The kitchen features a breakfast bar, ample cabinet storage, a pantry, and an easy flow into the main living space—perfect for everyday living or entertaining. Step through french doors onto a private balcony. Both bedrooms are generously sized with high ceilings, large windows, and great closet space. The community itself features brick exterior, mature oak trees, and a peaceful central courtyard with seating areas that create a quiet retreat in the middle of west campus.

At $391/sqft, this home is priced in line with the Austin market average of $391/sqft across 4,642 active listings. View Austin market report →

Location

2801 Rio Grande St #308, Austin, TX 78705

Property Details

Price $325,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 832 sqft
Lot Size 0.02 acres (1,080.29 sqft)
Year Built 1981
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Parapet Condo
County Travis
Zip Code 78705
$/sqft $391/sqft
Days on Market ,
HOA $225/Monthly
Annual Tax Est. $5,994.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226624005
List Date May 15, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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
1807 Poquito St #32
Willow Branch Lofts
$325,000 $377 2 bd / 2 ba 863 sqft , 2025-07-27
4510 Terry O Ln #207
Station at St Elmo Condos
$325,000 $377 1 bd / 1 ba 861 sqft , 2026-03-12
1041 Rosemont St
Claircrest
$325,000 $306 3 bd / 2 ba 1,063 sqft , 2026-02-27
7007 Colony Loop Dr
Meadows Walnut Creek Sec 05
$325,000 $301 3 bd / 2 ba 1,080 sqft , 2025-09-26
1900 Barton Springs Rd #2003
ZILKR ON THE PARK
$325,000 $480 1 bd / 1 ba 677 sqft , 2026-03-02

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
$1,560/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
$65,000
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-918

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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