Active Listing  ·  106 days on market

2804 Rio Grande St #208

Austin, TX 78705
$239,900
2 Bed 2 Bath 814 sqft $295/sqft Built 1984 0.02 acres 2-Car Garage Pool Westview Condo

Perfectly positioned in the heart of West Campus, this spacious 2 bedroom, 2 bathroom second-floor condo offers the ideal combination of location, convenience, and value. Just a short walk to the University of Texas, restaurants, coffee shops, entertainment, and everyday essentials, you'll enjoy the best of campus living right outside your door. The functional floorplan provides comfortable living spaces, making it an excellent option for students, professionals, roommates, or investors. Whether you're looking for a primary residence or a strong investment opportunity, this condo checks all the boxes with an unbeatable location, exceptional walkability, and an attractive price. Don't miss your chance to own in one of Austin's most sought-after neighborhoods.

At $295/sqft, this home is 25% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2804 Rio Grande St #208, Austin, TX 78705

Property Details

Price $239,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 814 sqft
Lot Size 0.02 acres (1,032.37 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Westview Condo
County Travis
Zip Code 78705
$/sqft $295/sqft
Days on Market ,
HOA $295/Monthly
Annual Tax Est. $5,952.1
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237504549
List Date June 24, 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.

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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 · June 24, 2026 $314,900
Previous ask $249,900
Current ask $239,900
▼ Reduced $75,000 (-23.8%) 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
1500 Woodlawn Blvd #105
Woodlawn Place Condo
$240,000 $443 1 bd / 1 ba 542 sqft , 2026-01-30
1800 Lavaca St #A508
Greenwood Towers Amd
$242,000 $282 2 bd / 1 ba 857 sqft , 2026-04-18
1808 Rio Grande St #2
Gables Condo
$245,000 $400 1 bd / 2 ba 612 sqft , 2026-05-29
3914 Avenue D None #104
Hyde Park Add 02
$245,000 $389 1 bd / 1 ba 630 sqft , 2026-07-31
803 W 28th St #106
San Pedro Oaks Condo
$245,999 $352 2 bd / 2 ba 699 sqft , 2026-03-05

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
$1,152/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
$47,980
20% conventional investment loan

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

Estimated Gross Rent+$1,152
Principal + Interest−$1,309
Property Tax (~2.1% TX avg)−$420
Insurance (~0.5%)−$100
Est. Monthly Cash Flow $-677

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 September 22, 2026.

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