Active Listing  ·  4 days on market

3101 Govalle Ave #114

Austin, TX 78702
$315,000
1 Bed 1 Bath 879 sqft $358/sqft Built 2020 0.03 acres Pool HOM Condominiums

There is a certain magic in the friction between the sharp, minimalist lines of this modern condo and the trendy, soulful energy of East Austin right outside the gate. While the neighborhood is a kaleidoscope of historic bungalows, hidden art studios, and decades of culture, this ground-floor residence is a clean, quiet canvas designed for those who want to be in the thick of it without living in the middle of the noise.

Located at the end of the hall, the unit offers a level of privacy that’s hard to find in a community this central. Inside, the vibe is pure gallery: crisp white walls, bold black accents, and warm wood-look LVP flooring that ties it all together. With the living room sitting on a corner of the building, light hits differently here, pouring through the glass doors and wrapping around the space.

The kitchen was built for people who actually like to host. You have sleek, flat panel cabinetry and a modern hood that keeps things looking pristine, but the real star is the massive island. By keeping the sink off the island, you’re left with a huge, uninterrupted surface perfect for setting out drinks or prepping dinner while friends hang out nearby.

Living on Govalle puts you in the sweet spot of the East Side, a neighborhood that has arguably become the culinary heartbeat of the city. You’re minutes from the morning coffee ritual at local favorites and the creative energy of nearby studios. This is a true foodie’s paradise where world-class BBQ sits alongside sophisticated, upscale dining and the city’s most authentic taco trucks. Whether you’re grabbing a quick bite on E Cesar Chavez, exploring the Holly District, or heading to the Wishbone Bridge for a sunset view, this is the ultimate home base for anyone who wants their living space to be as curated as their lifestyle. *Washer/Dryer conveys. One covered parking space (#12) next to the condo comes with the unit.*

At $358/sqft, this home is 9% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3101 Govalle Ave #114, Austin, TX 78702

Property Details

Price $315,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 879 sqft
Lot Size 0.03 acres (1,337.29 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Condominium
Subdivision HOM Condominiums
County Travis
Zip Code 78702
$/sqft $358/sqft
Days on Market ,
HOA $295/Monthly
Annual Tax Est. $7,461
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246995276
List Date September 18, 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.

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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
3101 Govalle Ave #220
Hom Condos
$310,000 $388 1 bd / 1 ba 800 sqft , 2026-08-14
2220 Webberville Rd #216
Axiom East Condos
$320,000 $441 1 bd / 1 ba 725 sqft , 2026-05-15
1181 Oakgrove Ave
Homewood Heights
$309,999 $343 2 bd / 1 ba 904 sqft , 2026-01-11
3108 E 13th St
McKinley Heights
$329,000 $508 2 bd / 1 ba 648 sqft , 2026-06-02
2401 E 6th St #6100
Pedernales Condo Amd
$330,000 $420 1 bd / 1 ba 785 sqft , 2026-05-23

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
$1,512/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
$63,000
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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 September 20, 2026.

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