Active Listing  ·  133 days on market

309 Franklin Blvd #2

Austin, TX 78751
$900,000
3 Bed 4 Bath 1,971 sqft $457/sqft Built 2026 0.18 acres 1-Car Garage Pool New Construction Northfield Add

Experience elevated Austin living in this stunning new construction by J Davis Construction nestled in a prime location and beautifully crafted with modern interior design. Created for both comfortable daily living and effortless entertaining, the home features an open-concept floor plan, warm wood flooring, and a spacious living area that flows seamlessly into the dining space and kitchen. At the heart of the home, the designer kitchen blends style and function with contrasting premium Taj Mahal quartzite countertops & oversized Nero Marquina Quartzite island with bar seating, stainless steel appliances, and abundant floor-to-ceiling cabinetry with convenient pull-out drawers & under lighting. A thoughtfully designed storage area beneath the stairs adds everyday practicality, while a chic half bath completes the main level. Upstairs, you’ll find three spacious bedrooms, including a generous primary suite that feels like a private retreat, with access to a balcony and an ensuite complete with dual vanities, a soaking tub, a separate walk-in shower, and a walk-in closet with built ins. Each secondary bedroom enjoys its own full bath, offering comfort and privacy for family or guests. A versatile loft adds even more flexibility and would make a perfect home office, lounge, or creative space. Beyond the home itself, the location is hard to beat. Enjoy close proximity to Austin’s best shopping, dining, recreation, and everyday conveniences, along with walkability to the elementary and high school and easy access to I-35 and Highway 290. Stylish, functional, and exceptionally well-located, this home offers the best of modern living in one of Austin’s most desirable areas.

At $457/sqft, this home is priced 17% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

309 Franklin Blvd #2, Austin, TX 78751

Property Details

Price $900,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,971 sqft
Lot Size 0.18 acres (7,784.17 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Northfield Add
County Travis
Zip Code 78751
$/sqft $457/sqft
Days on Market ,
HOA $1,000/One Time
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT222221625
List Date March 24, 2026
Elementary School Reilly
Middle School Lamar (Austin ISD)
High School McCallum
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
808 Spence St #A&B
M K & T
$900,000 $587 4 bd / 5 ba 1,534 sqft , 2025-11-16
3606 Wilson St
Cherry Hills
$900,000 $472 4 bd / 2 ba 1,906 sqft , 2026-03-13
411 W Live Oak St
Sheltons
$900,000 $506 3 bd / 2 ba 1,780 sqft , 2026-05-15
6616 Candle Ridge Cv
Meadow Mountain 04
$900,000 $368 3 bd / 3 ba 2,447 sqft , 2026-05-20
13326 Trautwein Rd
Sunset Canyon Sec 4
$899,995 $358 4 bd / 4 ba 2,514 sqft , 2026-06-01

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
$4,320/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
$180,000
20% conventional investment loan

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

Estimated Gross Rent+$4,320
Principal + Interest−$4,912
Property Tax (~2.1% TX avg)−$1,575
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,542

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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