Active Listing  ·  95 days on market

2804 Rio Grande St #201

Austin, TX 78705
$225,000
1 Bed 1 Bath 576 sqft $391/sqft Built 1984 0.02 acres Pool Westview Condo

Spacious 1-bedroom, 1-bathroom condo in a prime West Campus location just a short walk to UT. This second-floor end unit offers abundant natural light and added privacy. Features include a cozy fireplace, in-unit stackable washer and dryer, and covered parking. Ideal for students seeking convenience, comfort, and a highly walkable location.

At $391/sqft, this home is priced in line with the Austin market average of $391/sqft across 4,645 active listings. View Austin market report →

Location

2804 Rio Grande St #201, Austin, TX 78705

Property Details

Price $225,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 576 sqft
Lot Size 0.02 acres (740.52 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Westview Condo
County Travis
Zip Code 78705
$/sqft $391/sqft
Days on Market ,
HOA $240/Monthly
Annual Tax Est. $4,321.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228455970
List Date May 1, 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
4361 S Congress Ave #427
Public Condos Bldg 2
$225,000 $300 1 bd / 1 ba 749 sqft , 2025-05-02
910 Duncan Ln #50
Pointe Condominiums Amended The
$225,000 $359 1 bd / 1 ba 626 sqft , 2026-03-08
2303 East Side Dr #211
Creekside Terrace Condo
$225,000 $326 1 bd / 1 ba 691 sqft , 2026-05-08
4361 S Congress Ave #527
Public Condos Bldg 2
$225,000 $300 1 bd / 1 ba 749 sqft , 2026-06-03
4303 Creek Ledge None #B-1
Stoneledge
$225,000 $397 1 bd / 1 ba 567 sqft , 2026-07-23

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
$1,080/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
$45,000
20% conventional investment loan

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

Estimated Gross Rent+$1,080
Principal + Interest−$1,228
Property Tax (~2.1% TX avg)−$394
Insurance (~0.5%)−$94
Est. Monthly Cash Flow $-636

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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