Active Listing  ·  32 days on market

3101 W Govalle Ave #111

Austin, TX 78702
$465,000
2 Bed 2 Bath 1,124 sqft $414/sqft Built 2020 0.04 acres Pool Division A, HOM Condominiums

An exclusive gated condominium community and exceptional ground floor unit. The condo is located in the heart of East Austin and a nice neighborhood on Govalle Ave. This unit has 2 bedrooms, 2 baths, a large covered 193 sq ft open porch and with two assigned parking spaces (lot #15 covered and lot #88 not covered). The condominium community has lush courtyard, well managed community beautifully landscaped grounds and sparkling resort-style pool that offers ambiance you'll love any time of day. Just 2 - 3 miles to many attractions: ACL Live at The Moody Theater, The Long Center for Performing Arts, Blanton Museum of Art, downtown Austin Sixth Street Live Musics, Bass Concert Hall of UT Austin, Austin Town Lake, Lady Bird Lake & Boardwalk, Mueller Lake Park, a mix of local eateries, and surrounding not only by the vibrant outdoor spaces (parks and lakes) but also supported by all daily living necessities (shopping, medical care, traveling - 5.3 miles to Austin International airport, etc.). This is urban living at its finest - convenient, stylish, and brimming with East Austin Charm. You would be pleased to be the first to claim this move-in ready condo.

At $414/sqft, this home is priced 6% 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 W Govalle Ave #111, Austin, TX 78702

Property Details

Price $465,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,124 sqft
Lot Size 0.04 acres (1,746.76 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Division A, HOM Condominiums
County Travis
Zip Code 78702
$/sqft $414/sqft
Days on Market ,
HOA $380/Monthly
Annual Tax Est. $8,476.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240566297
List Date July 22, 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
1407 Cedar Ave #2
Glenwood Add
$465,000 $456 2 bd / 3 ba 1,020 sqft , 2026-04-02
3101 Govalle Ave #207
Govalle
$470,000 $322 3 bd / 2 ba 1,459 sqft , 2026-08-14
4127 E 12th St #4
The Sexton at Springdale
$456,000 $303 3 bd / 3 ba 1,504 sqft , 2025-06-06
4127 E 12th St #2
The Sexton at Springdale
$456,000 $301 3 bd / 3 ba 1,514 sqft , 2025-06-06
4127 E 12th St #5
The Sexton at Springdale
$456,000 $316 3 bd / 3 ba 1,444 sqft , 2025-06-02

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
$2,232/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
$93,000
20% conventional investment loan

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

Estimated Gross Rent+$2,232
Principal + Interest−$2,538
Property Tax (~2.1% TX avg)−$814
Insurance (~0.5%)−$194
Est. Monthly Cash Flow $-1,314

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 July 24, 2026.

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