About This Home

Welcome to this modern 2-bed, 1-bath condo near UT campus, built in 2022. The open layout features updated appliances in the kitchen and a chic design throughout. Enjoy the convenience of an in-unit washer/dryer. The bedrooms offer ample space and natural light. With its prime location, you'll have easy access to UT campus, downtown Austin, and various amenities. Experience stylish living in this thoughtfully designed condo.

At $525/sqft, this home is priced 35% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

306 E 30th St #3, Austin, TX 78705

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $280,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 533 sqft

Lot Size 0.01 acres (561.92 sqft)

Year Built 1980

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Park Avenue Condominiums

County Travis

Zip Code 78705

$/sqft $525/sqft

Days on Market ,

HOA $150/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT121094364

List Date February 20, 2024

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.

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

500 E Riverside Dr #154
Riverwalk Condo Amd $280,000 $489 1 bd / 1 ba 573 sqft , 2026-05-05

3115 Tom Green St #404
Tom Green Condo Amd $279,000 $518 2 bd / 1 ba 539 sqft , 2026-04-29

2308 Enfield Rd #204
Tarrytown Terrace Condo $284,000 $452 1 bd / 1 ba 628 sqft , 2026-04-11

901 W 9th St #217
Nokonah Condo Amd $275,000 $519 1 bd / 1 ba 530 sqft , 2026-03-25

3009 Speedway None #2
Allison Laura L Resub $275,000 $399 2 bd / 1 ba 689 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

$1,344/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

$56,000

20% conventional investment loan

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

Estimated Gross Rent+$1,344

Principal + Interest−$1,528

Property Tax (~2.1% TX avg)−$490

Insurance (~0.5%)−$117

Est. Monthly Cash Flow $-791

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 July 21, 2026.

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

306 E 30th St #3

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate