About This Home

This spacious North Campus one bedroom, one bathroom condo offers an excellent investment opportunity with reliable income in place. The unit features a large, inviting living area, an open-concept kitchen ideal for entertaining, and covered garage parking for added convenience. Residents enjoy access to beautifully maintained common grounds, including a pool and hot tub, all in a highly desirable location close to campus, dining, and shopping.

At $372/sqft, this home is 5% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3001 Cedar St #209, Austin, TX 78705

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Property Details

Price $254,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 685 sqft

Lot Size 0.02 acres (666.47 sqft)

Year Built 1985

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Benchmark Condo Amd

County Travis

Zip Code 78705

$/sqft $372/sqft

Days on Market ,

HOA $300/Monthly

Annual Tax Est. $4,976.38

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT223089904

List Date April 1, 2026

Elementary School Lee

Middle School Kealing

High School McCallum

School District ,

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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

3004 Speedway Ave #2
Gateway Condo $254,900 $455 1 bd / 1 ba 560 sqft , 2026-04-01

710 E Dean Keeton St #212
Century Condo $250,000 $418 1 bd / 1 ba 598 sqft , 2026-01-03

2210 Pearl St #301
Pearl At 22 01 02 Condo $250,000 $487 2 bd / 1 ba 513 sqft , 2026-05-20

202 E 45th St #203
Treehouse Condo $249,900 $377 1 bd / 1 ba 662 sqft , 2026-04-01

2612 SAN PEDRO ST A-118 None
Treehouse Condominiums $249,900 $389 1 bd / 1 ba 642 sqft , 2026-05-08

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

$1,224/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

$50,980

20% conventional investment loan

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

Estimated Gross Rent+$1,224

Principal + Interest−$1,391

Property Tax (~2.1% TX avg)−$446

Insurance (~0.5%)−$106

Est. Monthly Cash Flow $-719

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

About the Author

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 11, 2026.

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

3001 Cedar St #209

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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