Active Listing  ·  14 days on market

2927 E Martin Luther King Jr Blvd #3

Austin, TX 78702
$639,999
3 Bed 3 Bath 1,687 sqft $379/sqft Built 2020 0.00 acres 1-Car Garage Pool Twin Oak Lofts

Enjoy the best of East Austin in this beautifully designed three-story residence tucked away in a quiet, secluded pocket of the sought-after East MLK neighborhood. Abundant natural light fills the home, highlighting the spacious, open-concept living area that flows seamlessly into a gourmet kitchen with pantry and a convenient powder bath. The second floor features two secondary bedrooms, a shared bathroom, and private balconies. Retreat to the third-floor primary suite, complete with a spacious private patio—perfect for relaxing or enjoying your morning coffee. Recent upgrades include a brand-new refrigerator and custom built-in closet storage. Outside, low-maintenance pebble-stone landscaping means no lawn care, while the private outdoor spaces offer room to unwind or entertain. Enjoy a low HOA of just $50/month!

Unbeatable East Austin Location: Walk to the Boggy Creek Trail for miles of walking and biking, the St. David’s Foundation Community Garden, and 5 minute walk to rail station. Explore the vibrant Manor Road corridor with local favorites like Bird Bird Biscuit, Dai Due, Patrizi’s, and Vic & Al’s, or grab a coffee at Noble Joe’s or Desnudo, enjoy sweets at Zed’s Ice Cream, and discover neighborhood standouts Birdie’s and Sammataro Pizza. The Webberville food truck scene, including Veracruz All Natural, is also close by.

Conveniently located approximately 5 minutes from Mueller’s parks, H-E-B, farmers market, and shopping; 10 minutes from Downtown Austin; and 15 minutes from The Domain. With modern comforts, inviting outdoor spaces, low-maintenance living, and exceptional access to Austin’s dining, recreation, and transit options, this East MLK gem offers the perfect blend of urban convenience and neighborhood charm.

At $379/sqft, this home is 3% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2927 E Martin Luther King Jr Blvd #3, Austin, TX 78702

Property Details

Price $639,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,687 sqft
Lot Size 0.00 acres (209.09 sqft)
Year Built 2020
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Twin Oak Lofts
County Travis
Zip Code 78702
$/sqft $379/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. $10,452.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251020926
List Date October 29, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Maplewood · Kealing · McCallum

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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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
2200 E 14th St
Coleto Condominiums
$639,900 $306 4 bd / 3 ba 2,090 sqft , 2026-05-12
1704 E 13th St #B
1704 E 13th Street Site Condos
$639,750 $428 3 bd / 2 ba 1,495 sqft , 2026-06-12
3201 Kay St
Spillar & Greenwood Add
$649,900 $324 4 bd / 2 ba 2,006 sqft , 2026-08-07
3820 Hermalinda St
Mueller Sec 05
$649,900 $519 3 bd / 2 ba 1,252 sqft , 2026-09-12
4609 Sara Dr #B
Jc Tannehill League
$650,000 $324 3 bd / 3 ba 2,005 sqft , 2026-06-12

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
$3,072/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
$128,000
20% conventional investment loan

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

Estimated Gross Rent+$3,072
Principal + Interest−$3,493
Property Tax (assumed ~2.1%)−$1,120
Insurance (assumed ~0.5%)−$267
Est. Monthly Cash Flow $-1,808

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 · 41 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. The written content was last updated on November 7, 2026.

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

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