Active Listing  ·  132 days on market

3111 Tom Green St #208

Austin, TX 78705
$290,000
2 Bed 2 Bath 802 sqft $362/sqft Built 1983 0.03 acres Pool Heritage Condo Amend

*Seller is offering 5k closing credit with acceptable offer* Tucked among mature trees in a gated and well-maintained community, this beautifully renovated 2-bedroom, 2-bath condo offers the perfect blend of comfort, style, and convenience just minutes from the university and downtown. Step inside to discover a bright, inviting living space featuring custom built-ins and a charming bookshelf, ideal for both display and storage, along with a cozy fireplace that creates a warm focal point for relaxing or entertaining. The thoughtfully updated kitchen showcases sleek granite countertops, a convenient breakfast bar, and brand-new appliances, making meal prep both functional and enjoyable.

Both bedrooms are generously sized, with ample closet space and well-appointed bathrooms designed for everyday ease. Recent renovations throughout the home provide a fresh, modern feel while maintaining a welcoming atmosphere. Enjoy your morning coffee or unwind in the evening on the private balcony, where you can take in the peaceful surroundings and lush greenery.

This pleasant and cool apartment offers a quiet retreat without sacrificing accessibility, placing you close to shopping, dining, and local amenities. Whether you’re seeking a primary residence or an investment opportunity, this move-in-ready condo delivers comfort, style, and an unbeatable location.

At $362/sqft, this home is 7% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3111 Tom Green St #208, Austin, TX 78705

Property Details

Price $290,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 802 sqft
Lot Size 0.03 acres (1,154.34 sqft)
Year Built 1983
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Heritage Condo Amend
County Travis
Zip Code 78705
$/sqft $362/sqft
Days on Market ,
HOA $362/Monthly
Annual Tax Est. $6,443.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222452584
List Date April 4, 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 · April 4, 2026 $320,000
Previous ask $295,000
Current ask $290,000
Reduced $30,000 (-9.4%) 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
2802 Nueces St #303
Wedgewood Condo
$290,000 $401 2 bd / 1 ba 723 sqft , 2026-03-13
3809 Menchaca Rd #C
Coachlight Square
$290,000 $288 2 bd / 2 ba 1,008 sqft , 2026-05-26
12811 Copper Cliff Ave #B
Lamplight West
$290,000 $347 2 bd / 1 ba 835 sqft , 2026-07-27
6211 Manor Rd #105
Manor Twnhms
$290,000 $285 2 bd / 2 ba 1,016 sqft , 2026-07-30
2901 San Jacinto Blvd #306
Oakview Condo
$289,900 $460 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
$1,392/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
$58,000
20% conventional investment loan

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

Estimated Gross Rent+$1,392
Principal + Interest−$1,583
Property Tax (~2.1% TX avg)−$508
Insurance (~0.5%)−$121
Est. Monthly Cash Flow $-820

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 30, 2026.

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