Active Listing  ·  358 days on market

3018 S 1st St #112

Austin, TX 78704
$275,000
2 Bed 1 Bath 761 sqft $361/sqft Built 1978 0.05 acres Pool Loft Condo Amd The

INTEREST RATE WAY BELOW MARKET! Generous interest rate with seller financing. Not a wrap mortgage, either! This beautiful South Austin condo is in one of Austin’s most iconic neighborhoods — South Congress (SoCo). Walk to all of your favorite places and festivals in town, after your stop at Summer Moon across the street. This bright and cheerful condo offers modern comfort and easy access to SoCo dining, music, shopping, and Lady Bird Lake. Property Features: Private balcony (no downstairs neighbors) 1 bedroom + office nook (perfect for work-from-home or guest space). Open-concept kitchen and living area. In-unit laundry. Community pool, spa, and landscaped grounds. Prime walkable location in 78704

At $361/sqft, this home is 7% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3018 S 1st St #112, Austin, TX 78704

Property Details

Price $275,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 761 sqft
Lot Size 0.05 acres (2,047.32 sqft)
Year Built 1978
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Loft Condo Amd The
County Travis
Zip Code 78704
$/sqft $361/sqft
Days on Market ,
HOA $230/Monthly
Annual Tax Est. $5,252.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT205008037
List Date August 20, 2025
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.

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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
901 W 9th St #217
Nokonah Condo Amd
$275,000 $519 1 bd / 1 ba 530 sqft , 2026-03-25
915 W 22nd 1/2 St #202
Savannah Condo
$275,000 $345 2 bd / 2 ba 796 sqft , 2026-03-11
923 E 41st St #105
Dure Len C
$275,000 $268 2 bd / 2 ba 1,027 sqft , 2026-06-10
3009 Speedway None #2
Allison Laura L Resub
$275,000 $399 2 bd / 1 ba 689 sqft , 2026-06-30
201 W 31st St #H
Fruth Add
$275,000 $550 1 bd / 1 ba 500 sqft , 2026-06-30

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

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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 May 31, 2026.

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