About This Home

Efficient living in a true one bedroom condo just one block from the UT campus! Recently updated building with new roof, bike storage, covered parking and shared courtyard. Currently rented through August 9th, 2023 - available next summer to lease out or occupy. Convenient proximity to Cockrell School of Engineering, Moody College of Communications, UT Law and College of Natural Sciences. You'll also find Hemphill Park down the street and iconic haunts like Kerbey Lane and Crown and Anchor nearby. While just a block from campus, there are several access points to public transit to take you Downtown, to St. David's, Dell Seton Medical Center, Pickle Research Center, UT Intramural Fields and more! This is a great price for this location! Please reach out to see owner contributions.

At $411/sqft, this home is priced 5% 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

2803 Hemphill Park #B-201, Austin, TX 78705

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Property Details

Price $185,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 450 sqft

Lot Size 0.24 acres (10,454.4 sqft)

Year Built 1977

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Whitis

County Travis

Zip Code 78705

$/sqft $411/sqft

Days on Market ,

HOA $175/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT239241391

List Date July 13, 2026

Elementary School Lee

Middle School Kealing

High School McCallum

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 13, 2026 $205,000

Current ask $185,000

▼ Reduced $20,000 (-9.8%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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

1000 W 26th St #213
Escala At San Gabriel Condo $185,000 $416 1 bd / 1 ba 445 sqft , 2026-06-23

1800 Lavaca St #512
Greenwood Towers Amd $185,000 $311 1 bd / 1 ba 594 sqft , 2026-07-28

1800 Lavaca St #204
Greenwood Towers Amd $184,000 $326 1 bd / 1 ba 565 sqft , 2026-03-03

1800 Lavaca St #A806
Greenwood Towers Amd $189,000 $311 2 bd / 1 ba 608 sqft , 2026-03-12

204 E 30th St #101
30th Street Condominiums $189,000 $420 1 bd / 1 ba 450 sqft , 2026-07-17

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

$888/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

$37,000

20% conventional investment loan

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

Estimated Gross Rent+$888

Principal + Interest−$1,010

Property Tax (~2.1% TX avg)−$324

Insurance (~0.5%)−$77

Est. Monthly Cash Flow $-523

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 July 31, 2026.

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

2803 Hemphill Park #B-201