Active Listing  ·  197 days on market

2818 E 22nd St #1

Austin, TX 78722
$625,000
3 Bed 3 Bath 1,930 sqft $324/sqft Built 2026 0.23 acres 1-Car Garage Pool New Construction Austin Heights

Back on the market - buyer couldn't obtain financing. BIG PRICE REDUCTION on all 3 2818 E 22nd homes. Priced to sell!! Schedule a showing today! Brand new construction in the heart of East Austin! Building #1 is a modern 3-story residence offering approx. 1,930 sq ft with 3 bedrooms, 2.5 baths, dedicated office, multiple balconies, and private carport. Thoughtfully designed with open living spaces, abundant natural light, and flexible areas perfect for working from home or entertaining. Estimated completion Feb 2026.

Enjoy an unbeatable East Austin lifestyle with high walkability and close proximity to Manor Rd, Airport Blvd, and Mueller, surrounded by dozens of popular restaurants, coffee shops, breweries, and local favorites. Minutes to Mueller Retail District, parks, and everyday conveniences.

Easy access to Downtown Austin, UT, medical centers, and major employers, with nearby bus routes and quick connections to MLK Blvd, I-35, and ABIA. A rare opportunity to own new construction in an established, vibrant East Austin neighborhood. The Preferred Lender on this property is Randy Atkinson at Synergy One Lending.  The Buyer will receive 1% Lender Credit (based off of the loan amount) when obtaining financing through Randy Atkinson at Synergy One Lending.

At $324/sqft, this home is 17% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2818 E 22nd St #1, Austin, TX 78722

Property Details

Price $625,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,930 sqft
Lot Size 0.23 acres (9,949.1 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Austin Heights
County Travis
Zip Code 78722
$/sqft $324/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,043.99
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT218529731
List Date February 7, 2026
Elementary School Campbell
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 →

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 · February 7, 2026 $845,000
Previous ask $650,000
Current ask $625,000
Reduced $220,000 (-26.0%) 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
1200 Walnut Ave
Glenwood Add
$625,000 $449 4 bd / 3 ba 1,391 sqft , 2025-12-03
3333 E 12th St
Breedlove Add
$624,995 $372 3 bd / 3 ba 1,681 sqft , 2026-07-30
1800 E 14th St
Johns C R
$624,950 $400 2 bd / 2 ba 1,562 sqft , 2026-04-21
1708 E M Franklin Ave #A
1708 E M Franklin Condominiums
$630,000 $338 3 bd / 3 ba 1,863 sqft , 2026-06-26
1011 E 38th 1/2 St
Plainview Heights
$615,000 $434 3 bd / 2 ba 1,418 sqft , 2026-08-06

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
$3,000/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
$125,000
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (~2.1% TX avg)−$1,094
Insurance (~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 August 1, 2026.

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