Active Listing  ·  91 days on market

3110 Red River St #C-402

Austin, TX 78705
$399,000
2 Bed 2 Bath 947 sqft $421/sqft Built 1973 0.02 acres 2-Car Garage Pool Sterling Crest Condo Am

Leased at $2600/month thru 7/31/26. Investor or Owner Occupied opportunity in prime Central campus and Austin location! This beautifully updated 2 bed, 2 bath unit at Sterling Crest offers walkability to UT and quick access to Downtown, making it highly desirable for tenants and owners alike. The entire complex was completely rebuilt in 2014 with new plumbing, electrical, and modern systems. Inside, the unit features JennAir appliances, engineered wood floors, quartz countertops, recessed lighting, glass tile accents, and a front-loading washer/dryer. Both spacious bedrooms have private en-suite baths—ideal for roommates or professionals. Turnkey property in one of Austin’s most sought-after areas.

At $421/sqft, this home is priced 8% 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

3110 Red River St #C-402, Austin, TX 78705

Property Details

Price $399,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 947 sqft
Lot Size 0.02 acres (1,001.88 sqft)
Year Built 1973
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Sterling Crest Condo Am
County Travis
Zip Code 78705
$/sqft $421/sqft
Days on Market ,
HOA $225/Monthly
Annual Tax Est. $8,429.35
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228858533
List Date May 5, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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
204 Chippendale Ave
Greenwood Hills Sec 02
$399,000 $334 3 bd / 1 ba 1,196 sqft , 2026-03-29
2612 San Pedro St #112
Treehouse Condominiums
$399,000 $321 3 bd / 2 ba 1,244 sqft , 2026-02-19
1701 Simond Ave #612
Parkside/Mueller Condos
$399,000 $459 1 bd / 1 ba 870 sqft , 2026-05-12
4704 Sunset Trl #1201
Grange Condominiums
$399,000 $372 2 bd / 2 ba 1,073 sqft , 2026-05-22
1900 Barton Springs Rd #5009
Zilkr on the Park Condos
$399,000 $450 1 bd / 1 ba 887 sqft , 2026-05-29

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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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