Active Listing  ·  33 days on market

3018 S 1st St #205

Austin, TX 78704
$195,000
1 Bed 1 Bath 565 sqft $345/sqft Built 1978 0.04 acres Pool Loft Condo Amd The

Affordable condo in the heart of 78704! Own instead of rent and enjoy a prime South Austin location less than 10 minutes from downtown, close to restaurants, shopping, and entertainmet.

At $345/sqft, this home is 12% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3018 S 1st St #205, Austin, TX 78704

Property Details

Price $195,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 565 sqft
Lot Size 0.04 acres (1,524.6 sqft)
Year Built 1978
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Loft Condo Amd The
County Travis
Zip Code 78704
$/sqft $345/sqft
Days on Market ,
HOA $350/Monthly
Annual Tax Est. $3,440.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240654787
List Date July 22, 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.

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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
4307 S 1st St #108
Pharo Condo
$200,000 $337 1 bd / 1 ba 594 sqft , 2026-08-21
3018 1st St #109
Loft Condo Amd The
$189,900 $329 1 bd / 1 ba 578 sqft , 2025-07-18
2302 East Side Dr #6
Travis Heights Terrace Condomi
$210,000 $436 1 bd / 1 ba 482 sqft , 2026-07-06
4307 S 1st St #206
Pharo Condo
$175,000 $295 1 bd / 1 ba 594 sqft , 2026-08-15
2303 E Side Dr #201
Creekside Terrace Condo
$219,000 $324 1 bd / 1 ba 676 sqft , 2026-08-13

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
$936/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
$39,000
20% conventional investment loan

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

Estimated Gross Rent+$936
Principal + Interest−$1,064
Property Tax (~2.1% TX avg)−$341
Insurance (~0.5%)−$81
Est. Monthly Cash Flow $-550

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 July 26, 2026.

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