Active Listing  ·  148 days on market

2803 Hemphill Park #B106

Austin, TX 78705
$209,900
1 Bed 1 Bath 450 sqft $466/sqft Built 1977 0.01 acres Pool Quarters Condominiums

This cozy 1 bed/1 bath condo 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 onsite laundry and a shared courtyard. This unit is just steps away from the laundry room and is located in the corner of the building providing more privacy. Condo includes one assigned parking space. The unit is leased at $1000 through 7/31/27! 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 $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2803 Hemphill Park #B106, Austin, TX 78705

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 # ACT221517765
List Date March 9, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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
2801 Hemphill Park #A201
Quarters Condominiums
$209,900 $466 1 bd / 1 ba 450 sqft , 2026-04-20
2801 Hemphill Park #A302
Quarters Condominiums
$209,900 $466 1 bd / 1 ba 450 sqft , 2026-06-25
912 W 22 1/2 St #F
Keystone Condominiums
$209,999 $484 1 bd / 1 ba 434 sqft , 2026-06-09
2803 Hemphill Park #B-110
Whitis
$210,000 $467 1 bd / 1 ba 450 sqft , 2026-06-16
2302 East Side Dr #6
Travis Heights Terrace Condomi
$210,000 $436 1 bd / 1 ba 482 sqft , 2026-07-06

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

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