About This Home

Enjoy the best of Austin living in this ideally located 2 bedroom condo just minutes from the UT Campus.

The functional layout provides privacy for roommates, while the fully equipped kitchen and comfortable living space make it easy to relax or entertain. Each bedroom has it's own entrance. Washer, dryer and refrigerator to remain with the new owner for a smooth move in. Conveniently located near campus, you'll have quick to restaurants, coffee shops, grocery stores, CapMetro transit, and all that Downtown Austin has to offer.

Whether you're looking for a primary residence or a strong investment opportunity in one of Austin's most desirable rental markets, this condo offers an unbeatable combination of location, convenience and long term value.

At $399/sqft, this home is priced 2% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3009 Speedway None #2, Austin, TX 78705

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Property Details

Price $275,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 689 sqft

Lot Size 0.15 acres (6,534 sqft)

Year Built 2006

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Allison Laura L Resub

County Travis

Zip Code 78705

$/sqft $399/sqft

Days on Market ,

HOA $180/Monthly

Annual Tax Est. $4,791.77

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237693678

List Date June 30, 2026

Elementary School Lee

Middle School Kealing

High School McCallum

School District ,

Have Questions About This Property?

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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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 30, 2026 $300,000

Current ask $275,000

▼ Reduced $25,000 (-8.3%) 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

3111 Tom Green St #111
Heritage Condo Amd $275,000 $355 2 bd / 2 ba 774 sqft , 2026-08-03

2409 Leon St #201
Stoneleigh Condo $279,000 $367 2 bd / 2 ba 761 sqft , 2026-06-10

3815 Guadalupe None #207
Avenel At Hyde Park Condo $279,900 $335 2 bd / 1 ba 836 sqft , 2025-02-04

2901 San Jacinto Blvd #306
Oakview Condo $279,900 $444 1 bd / 1 ba 630 sqft , 2026-06-18

2110 Rio Grande St #303
Palmetto Condominiums $270,000 $347 2 bd / 1 ba 777 sqft , 2026-07-01

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

$1,320/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

$55,000

20% conventional investment loan

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

Estimated Gross Rent+$1,320

Principal + Interest−$1,501

Property Tax (~2.1% TX avg)−$481

Insurance (~0.5%)−$115

Est. Monthly Cash Flow $-777

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 13, 2026.

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

3009 Speedway None #2