Active Listing  ·  61 days on market

3103 Garwood St #2

Austin, TX 78702
$689,000
3 Bed 3 Bath 1,352 sqft $510/sqft Built 2026 0.25 acres 1-Car Garage Pool New Construction Brass G M

At 1,352 sq ft, Unit 2 redefines what buyers expect from a smaller footprint—offering the efficiency of an ADU with the features and livability of a full-size home.

Designed with intention by Roma Homes, the main level features an open-concept layout that feels bright and connected. A true pantry, rare at this size, adds everyday convenience and storage.

Upstairs, three well-sized bedrooms and dedicated work space provide flexibility for guests, roommates, or additional work-from-home needs—without sacrificing comfort. Add in the convenience of location and you’re moments from some of East Austin’s most loved spots—grab your morning coffee at Flitch Coffee, meet friends at Kinda Tropical, or head out for a run or bike ride along the Ann and Roy Butler Hike and Bike Trail. Everyday essentials are just as close, with H-E-B and the Austin Public Library nearby.

What makes this home stand out is everything it includes that most ADUs don’t: a private garage, meaningful yard space, and a layout that doesn’t feel like a compromise. Thoughtfully designed to maximize every square foot, Unit 2 is ideal for buyers who appreciate the efficiency of a smaller home but do not want to give up the features that make everyday living comfortable.

At $510/sqft, this home is priced 30% 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

3103 Garwood St #2, Austin, TX 78702

Property Details

Price $689,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,352 sqft
Lot Size 0.25 acres (11,011.97 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Brass G M
County Travis
Zip Code 78702
$/sqft $510/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,129.71
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT230633630
List Date June 4, 2026
Elementary School Govalle
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
1506 W 13th St #1
Escorial Condo
$689,000 $471 2 bd / 2 ba 1,462 sqft , 2025-10-30
1184 Waller St
Robertson George L
$689,000 $451 4 bd / 3 ba 1,528 sqft , 2026-05-25
2105 SL Davis Ave. #2 None
Foster
$689,900 $629 3 bd / 3 ba 1,097 sqft , 2026-07-21
5200 Grover Ave
Brentwood
$690,000 $680 2 bd / 3 ba 1,014 sqft , 2026-06-02
1000 Liberty Park Dr #406
Liberty Park Condo Amd
$690,000 $472 2 bd / 2 ba 1,461 sqft , 2026-04-23

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
$3,307/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
$137,800
20% conventional investment loan

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

Estimated Gross Rent+$3,307
Principal + Interest−$3,760
Property Tax (~2.1% TX avg)−$1,206
Insurance (~0.5%)−$287
Est. Monthly Cash Flow $-1,946

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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