Active Listing  ·  59 days on market

3008 Cedar St #3

Austin, TX 78705
$190,000
1 Bed 1 Bath 456 sqft $417/sqft Built 1953 0.29 acres Pool Fruth Add

Rare opportunity to own a newly condominiumized 1 bedroom, 1 bathroom unit in one of North Campus' most desirable locations. Offered for individual sale for the first time, this community is undergoing extensive capital improvements designed to enhance both value and tenant appeal, including a brand new TPO roof, new energy efficient mini split HVAC systems, replacement windows, and the addition of a community BBQ and courtyard area for resident enjoyment. Just minutes from UT, major employers, restaurants, shopping, and transit, these units offer strong rental demand and excellent long term investment potential. Whether you're looking to expand your portfolio or secure a low maintenance property in a prime Austin location, this is an outstanding opportunity to purchase in a revitalized community with significant upside.

At $417/sqft, this home is priced 7% 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

3008 Cedar St #3, Austin, TX 78705

Property Details

Price $190,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 456 sqft
Lot Size 0.29 acres (12,758.72 sqft)
Year Built 1953
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Fruth Add
County Travis
Zip Code 78705
$/sqft $417/sqft
Days on Market ,
HOA $230/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235934235
List Date June 16, 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 →

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 · June 16, 2026 $205,000
Previous ask $199,000
Current ask $190,000
Reduced $15,000 (-7.3%) 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
407 E 45th St #116
Spanish Oaks Condo Amd
$190,000 $380 1 bd / 1 ba 500 sqft , 2026-03-25
3008 Cedar St #4
Fruth Add
$190,000 $417 1 bd / 1 ba 456 sqft , 2026-06-16
204 E 30th St #101
30th Street Condominiums
$189,000 $420 1 bd / 1 ba 450 sqft , 2026-07-17
4205 Speedway Ave #107
Hyde Park
$191,600 $426 1 bd / 1 ba 450 sqft , 2026-04-29
2714 Nueces St #107
Nueces Corner Condo Amd
$192,000 $481 1 bd / 1 ba 399 sqft , 2026-05-27

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
$912/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
$38,000
20% conventional investment loan

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

Estimated Gross Rent+$912
Principal + Interest−$1,037
Property Tax (~2.1% TX avg)−$333
Insurance (~0.5%)−$79
Est. Monthly Cash Flow $-537

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 13, 2026.

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