Active Listing  ·  77 days on market

3101 Govalle Ave #209

Austin, TX 78702
$450,000
2 Bed 2 Bath 1,123 sqft $401/sqft Built 2020 0.04 acres Pool Govalle

Welcome to residence #209 at HOM Condominiums, a thoughtfully designed 2-bedroom, 2-bath home in the heart of Austin's vibrant Govalle neighborhood. This light-filled residence offers a functional open-concept floor plan connecting the living, dining, and kitchen areas, creating a comfortable space for everyday living and entertaining. The home includes two dedicated parking spaces, while large windows, modern finishes, and clean lines create a bright, timeless aesthetic.

Residents enjoy access to a community pool, as well as fob-controlled entry to both the building and parking area for added convenience and peace of mind.

Located just minutes from downtown Austin, Lady Bird Lake, and Austin-Bergstrom International Airport, HOM places you in one of East Austin's most sought-after neighborhoods. Enjoy easy access to local favorites including Fleet Coffee and Desnudo Coffee, neighborhood staples like Murray's Tavern, Veracruz All Natural, Kitty Cohen's, and the Webberville Food Truck Park, along with nearby breweries, art spaces, and some of Austin's best outdoor recreation. Parks, trails, and the Colorado River offer endless opportunities to get outside while remaining connected to the energy and convenience of city living.

Whether you're seeking a primary residence, a lock-and-leave lifestyle, or an opportunity to own in one of Austin's most exciting neighborhoods, residence #209 offers the perfect blend of comfort, convenience, and urban accessibility.

At $401/sqft, this home is priced 2% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3101 Govalle Ave #209, Austin, TX 78702

Property Details

Price $450,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,123 sqft
Lot Size 0.04 acres (1,724.98 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Govalle
County Travis
Zip Code 78702
$/sqft $401/sqft
Days on Market ,
HOA $380/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232539122
List Date June 7, 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
1167 Springdale Rd
Carter William
$450,000 $540 1 bd / 1 ba 834 sqft , 2026-02-14
2308 Santa Rita St
Buena Vista
$450,000 $510 2 bd / 2 ba 882 sqft , 2026-01-14
2103 E 14th St #B
N/a
$450,000 $529 2 bd / 1 ba 850 sqft , 2026-05-11
1807 Ulit Ave #B
Ulit Condo
$450,000 $499 2 bd / 2 ba 902 sqft , 2026-07-22
1300 Walnut Ave #B
WALNUT CONDOMINIUMS
$449,000 $507 2 bd / 3 ba 886 sqft , 2026-06-19

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 18, 2026.

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