Active Listing  ·  51 days on market

3111 Tom Green St #111

Austin, TX 78705
$275,000
2 Bed 2 Bath 774 sqft $355/sqft Built 1983 0.03 acres Pool Heritage Condo Amd

Perfectly positioned in North University/Hyde Park, this 2-bedroom, 2-bath condo is within walking distance to the University of Texas, and a short drive to downtown Austin, restaurants, shopping, and entertainment. Within 774 square feet, this unit features a desirable roommate floor plan with two spacious bedrooms, each with its own full bathroom and walk-in closet, and an open floorplan from living area to kitchen.

Recent updates include the HVAC system, water heater, lighting, and all kitchen appliances except the microwave. The primary bedroom enjoys direct access to a private balcony with additional outdoor storage, while recessed lighting, crown molding, and abundant natural light enhance the home's inviting feel.

Durable tile flooring extends throughout the entire home, providing a clean, modern look with easy maintenance. The kitchen offers ample cabinetry, generous counter space, and a full suite of appliances that convey, including the refrigerator, dishwasher, range, and microwave. The washer and dryer also convey, making this home truly move-in ready. Current tenant will move out mid-August.

The community offers reserved parking and a fantastic location near UT campus, Dell Medical School, St. David's Medical Center, local coffee shops, grocery stores, and some of Austin's best dining and entertainment. The complex also has an upper level sun deck. Whether you're searching for a primary residence, game-day retreat, or investment opportunity in one of Austin's most sought-after neighborhoods, this lock-and-leave condo is an exceptional find.

At $355/sqft, this home is 10% 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

3111 Tom Green St #111, Austin, TX 78705

Property Details

Price $275,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 774 sqft
Lot Size 0.03 acres (1,132.56 sqft)
Year Built 1983
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Heritage Condo Amd
County Travis
Zip Code 78705
$/sqft $355/sqft
Days on Market ,
HOA $361.36/Monthly
Annual Tax Est. $6,018.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239455223
List Date August 3, 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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 3, 2026 $299,000
Current ask $275,000
Reduced $24,000 (-8.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
923 E 41st St #105
Dure Len C
$275,000 $268 2 bd / 2 ba 1,027 sqft , 2026-06-10
3009 Speedway None #2
Allison Laura L Resub
$275,000 $399 2 bd / 1 ba 689 sqft , 2026-06-30
2409 Leon St #201
Stoneleigh Condo
$279,000 $367 2 bd / 2 ba 761 sqft , 2026-06-10
3815 Guadalupe None #207
Avenel At Hyde Park Condo
$279,900 $335 2 bd / 1 ba 836 sqft , 2025-02-04
2901 San Jacinto Blvd #306
Oakview Condo
$279,900 $444 1 bd / 1 ba 630 sqft , 2026-06-18

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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 18, 2026.

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