Active Listing  ·  2 days on market

3101 Govalle Ave #113

Austin, TX 78702
$419,000
2 Bed 2 Bath 1,146 sqft $366/sqft Built 2020 0.04 acres Pool HOM CONDOMINIUMS

• WIDE-OPEN FLOOR PLAN — one of the community's larger and more spacious layouts

• OVERSIZED COVERED PATIO — significantly more outdoor space than most units here

• LUXURY VINYL PLANK FLOORING in the primary bedroom

Only select units at HOM Condominiums have this floor plan, and the difference is immediate: the living, dining, and kitchen areas flow together in one bright, connected space that opens directly onto the porch. It's a real extension of the living area — room to host, not just a place to stand.

Move-in ready ground-floor 2 bed, 2 bath in excellent condition, built in 2020. Two assigned covered parking spaces included.

HOM is a gated community in Govalle, East Austin, with a resort-style pool, clubhouse, landscaped courtyard, eco-friendly rain garden, and climate-controlled corridors. Shops and restaurants of East 7th Street are nearby; downtown is about 2.8 miles (10-minute drive) and Plaza Saltillo Rail Station 1.8 miles. Austin-Bergstrom is approximately 9.6 miles.

Floor plans like this don't come up often. Schedule your showing today.

At $366/sqft, this home is 7% 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

3101 Govalle Ave #113, Austin, TX 78702

Property Details

Price $419,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,146 sqft
Lot Size 0.04 acres (1,746.76 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Condominium
Subdivision HOM CONDOMINIUMS
County Travis
Zip Code 78702
$/sqft $366/sqft
Days on Market ,
HOA $380/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244138855
List Date August 21, 2026
Elementary School Oak Springs
Middle School Kealing
High School Eastside Early College
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
2709 E 5th St #2305
58EAS
$420,000 $423 2 bd / 1 ba 992 sqft , 2025-10-02
4127 E 12th St #1
The Sexton at Springdale
$424,900 $281 3 bd / 3 ba 1,514 sqft , 2025-06-06
2002 E 7th St #217
Eastline Condos
$424,900 $366 2 bd / 2 ba 1,162 sqft , 2026-06-25
2709 E 5th St #1306
Santa Rosa Condos
$424,999 $353 2 bd / 2 ba 1,204 sqft , 2026-06-12
4127 E 12th St #8
The Sexton at Springdale
$429,875 $326 3 bd / 3 ba 1,320 sqft , 2025-06-06

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
$2,011/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
$83,800
20% conventional investment loan

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

Estimated Gross Rent+$2,011
Principal + Interest−$2,287
Property Tax (~2.1% TX avg)−$733
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,184

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 August 22, 2026.

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