Active Listing  ·  138 days on market

3012 S 4th St #B

Austin, TX 78704
$975,000
4 Bed 3 Bath 2,713 sqft $359/sqft Built 2008 0.10 acres 2-Car Garage Pool GROVE CONDO AMD

Unique and thoughtfully designed home in the highly sought after 78704 zip code in Austin, TX. This recently updated property features an open-concept main level with a wall of windows providing abundant natural light, a gas fireplace, and a seamless flow from the kitchen to the living area and outdoor patio.

The second level offers a spacious primary suite with a private balcony, along with three secondary bedrooms and a full bathroom. The primary bathroom includes a spa tub and separate walk-in shower.

A standout feature is the rooftop patio and additional upper-level flex space, ideal for a second living area, office, studio, or media room. Additional highlights include a two-car garage and multiple outdoor living areas.

Located just minutes from South Congress, South Lamar, and Downtown Austin, with easy access to local restaurants, coffee shops, and entertainment.

Schedule your showing today.

At $359/sqft, this home is 9% 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

3012 S 4th St #B, Austin, TX 78704

Property Details

Price $975,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,713 sqft
Lot Size 0.10 acres (4,525.88 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision GROVE CONDO AMD
County Travis
Zip Code 78704
$/sqft $359/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,611.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229076978
List Date May 7, 2026
Elementary School Dawson
Middle School Lively
High School Travis
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
1612 S 3rd St #B
South 03 Street Condo 1612
$985,000 $499 3 bd / 3 ba 1,972 sqft , 2026-09-19
2608 Del Curto Rd #3
Del Curto Condo
$987,000 $390 3 bd / 4 ba 2,530 sqft , 2026-04-16
2711 Stacy Ln #1
Pearson
$995,000 $433 3 bd / 4 ba 2,300 sqft , 2026-06-05
2605 Friar Tuck Ln
Sherwood Oaks Sec 04
$995,000 $442 5 bd / 4 ba 2,250 sqft , 2026-07-21
2003 Wilson St #3
J Bouldin Residences
$999,000 $459 3 bd / 4 ba 2,178 sqft , 2026-04-02

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
$4,680/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
$195,000
20% conventional investment loan

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

Estimated Gross Rent+$4,680
Principal + Interest−$5,321
Property Tax (~2.1% TX avg)−$1,706
Insurance (~0.5%)−$406
Est. Monthly Cash Flow $-2,753

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 22, 2026.

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