About This Home

Prime West Campus location just blocks from UT! This 2-bedroom condo offers an ideal layout for roommates with spacious bedrooms, an open living area, and abundant natural light. Enjoy a private balcony, in-unit washer/dryer, and reserved parking. Perfect for students, parents, or investors seeking strong rental demand in one of Austin’s most walkable areas. Easy access to campus, restaurants, and nightlife.

At $518/sqft, this home is priced 33% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3115 Tom Green St #404, Austin, TX 78705

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Property Details

Price $279,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 539 sqft

Lot Size 0.01 acres (474.8 sqft)

Year Built 1982

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Tom Green Condo Amd

County Travis

Zip Code 78705

$/sqft $518/sqft

Days on Market ,

HOA $257/Monthly

Annual Tax Est. $4,023.39

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT228073512

List Date April 29, 2026

Elementary School Travis

Middle School Travis

High School Austin

School District ,

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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

306 E 30th St #3
Park Avenue Condominiums $280,000 $525 2 bd / 1 ba 533 sqft , 2024-02-20

500 E Riverside Dr #154
Riverwalk Condo Amd $280,000 $489 1 bd / 1 ba 573 sqft , 2026-05-05

901 W 9th St #217
Nokonah Condo Amd $275,000 $519 1 bd / 1 ba 530 sqft , 2026-03-25

3009 Speedway None #2
Allison Laura L Resub $275,000 $399 2 bd / 1 ba 689 sqft , 2026-06-30

201 W 31st St #H
Fruth Add $275,000 $550 1 bd / 1 ba 500 sqft , 2026-06-30

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

$1,339/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

$55,800

20% conventional investment loan

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

Estimated Gross Rent+$1,339

Principal + Interest−$1,523

Property Tax (~2.1% TX avg)−$488

Insurance (~0.5%)−$116

Est. Monthly Cash Flow $-788

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

About the Author

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 June 2, 2026.

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

3115 Tom Green St #404

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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