Active Listing  ·  59 days on market

3001 Cedar St #A-211

Austin, TX 78705
$385,000
2 Bed 2 Bath 1,072 sqft $359/sqft Built 1985 0.02 acres 2-Car Garage Pool Benchmark Condo Amd

Beautifully renovated 2-bedroom, 2-bath condo in North University, just minutes from UT Austin, restaurants, coffee shops, grocery stores, medical facilities, and everyday conveniences. Tucked on a quiet, primarily residential street, this gated complex offers convenience, security, a community pool and spa, and two reserved numbered parking spaces in the gated garage.

Inside, you'll find a spacious, inviting floor plan with soaring ceilings, abundant natural light, and an ideal roommate layout. The living room and both bedrooms offer direct access to an oversized private north-facing balcony.

The interior was extensively renovated in 2022-2023. The kitchen features custom cabinetry, butcher block countertops, an extra-deep stainless steel sink, updated fixtures, and a breakfast bar overlooking the dining and living areas. Both bathrooms were completely updated with new cabinetry, quartz countertops, shower surrounds, sinks, mirrors, lighting, fixtures, and designer finishes. Additional updates include coordinated LVP flooring throughout, fresh eggshell/satin paint, tile work, wallpaper accents, new blinds, and modern lighting.

Additional features include in-unit laundry, ceiling fans in both bedrooms and the living room, Elfa closet organization systems, Google Fiber readiness, and a Ring security system with doorbell plus window and door sensors. A brand-new water heater with overflow valve, leak detection system, and dedicated shutoff valve provides added peace of mind.

HOA dues cover water, sewer, and trash; electricity is individually metered.

Move-in ready and offered partially furnished. Whether you're looking for a primary residence, UT housing, or an investment opportunity, this beautifully updated condo offers exceptional style, convenience, and value in one of Austin's most desirable central neighborhoods.

At $359/sqft, this home is 8% 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

3001 Cedar St #A-211, Austin, TX 78705

Property Details

Price $385,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,072 sqft
Lot Size 0.02 acres (1,045.44 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Benchmark Condo Amd
County Travis
Zip Code 78705
$/sqft $359/sqft
Days on Market ,
HOA $564.75/Monthly
Annual Tax Est. $7,249.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239864623
List Date July 25, 2026
Elementary School Lee
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 →

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
2205 N Lamar Blvd #113
Caswell Lofts Condo
$385,000 $466 1 bd / 1 ba 826 sqft , 2026-02-17
2505 San Gabriel St #405
Texan Tower Condos
$384,900 $347 2 bd / 2 ba 1,110 sqft , 2026-04-02
2529 Rio Grande St #78
Orange Tree Condominiums
$380,000 $360 2 bd / 2 ba 1,055 sqft , 2026-07-22
409 E 38th St #101
Thirty 08 & Duval Condo At Hwy
$375,000 $320 2 bd / 3 ba 1,173 sqft , 2026-06-08
501 W 26th St #306
Centennial Condo Rev 1997
$375,000 $361 2 bd / 2 ba 1,040 sqft , 2026-06-15

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (~2.1% TX avg)−$674
Insurance (~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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 July 27, 2026.

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