About This Home

Property leased 8/1/2025 - 7/31/2027 at $1295. This spacious and cozy 1 bedroom 1 bath Condo just steps away from UT Campus is available for an August 2024-July 2025 Pre-Lease. Open living area with wood plank ceiling gives cabin like rustic appeal. Large bedroom with plenty of room for storage in dual closet space, with your washer / dryer closet right there as well. Private fenced in patio. 1 covered parking space included.

At $455/sqft, this home is priced 16% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3004 Speedway Ave #2, Austin, TX 78705

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Property Details

Price $254,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 560 sqft

Lot Size 0.02 acres (696.96 sqft)

Year Built 1983

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Gateway Condo

County Travis

Zip Code 78705

$/sqft $455/sqft

Days on Market ,

HOA $313/Monthly

Annual Tax Est. $3,959.46

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT223081280

List Date April 1, 2026

Elementary School Highland Park

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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

3001 Cedar St #209
Benchmark Condo Amd $254,900 $372 1 bd / 1 ba 685 sqft , 2026-04-01

2210 Pearl St #304
Pearl At 22 01 02 Condo $255,000 $497 2 bd / 1 ba 513 sqft , 2026-01-07

708 Graham Pl #101
Graham Place Condo Amd $255,000 $348 2 bd / 1 ba 732 sqft , 2026-03-16

2210 Pearl St #301
Pearl At 22 01 02 Condo $259,000 $505 2 bd / 1 ba 513 sqft , 2026-05-20

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

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

3004 Speedway Ave #2

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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