Active Listing  ·  1 day on market

3116 Prado St #2 None

Austin, TX 78702
$650,000
2 Bed 2 Bath 960 sqft $677/sqft Built 2026 0.07 acres 1-Car Garage Pool New Construction Govalle

Owner/Agent. This newly constructed #2 (Back house) can be purchased alone or together with #1 in the front. #1 is currently rented for $3400/mo on a month to month lease. #2 is a midcentury style Bungalow that is full of style, comfort and function. Designed to compliment the front home but also to maximize the space. The two floors can be closed off from the other to utilize for a rental, guests, family or office space if desired. It's about choices. The upstairs has its own front door and is a suite with flex living area and full bedroom, bathroom, closet and outside deck. It also has plumbing behind the wall in the office flex room to accommodate a small mini kitchen/bar area. The main front door to the house is inside a cozy screened in porch that you won't want to leave. It's quiet and lovely and offers a relaxed but modern feel that is often hard to find in new construction. The kitchen is expansive and offers every modern comfort. Large quartz peninsula with breakfast bar area, semi custom cabinetry, upgraded stainless appliances, Delta Brizo fixtures, porcelain large format backsplash and so many additional features (see list in documents). The driveway to the house is strictly for this house and allows at least 4 vehicles for parking not including the deep garage. EV charger is installed inside the garage, it's insulated and has additional work space at the back of the garage (could be an additional laundry area). Come see this charming and one of a kind property! You will fall in love! Purchase the whole property and rent out one or two of the spaces. Still room to add a 3rd unit and there is a sketch idea of this in documents. Also plans completed and had permitting finished to adjust and add to the front house but was not started.

At $677/sqft, this home is priced 73% 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

3116 Prado St #2 None, Austin, TX 78702

Property Details

Price $650,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 960 sqft
Lot Size 0.07 acres (3,049.2 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Govalle
County Travis
Zip Code 78702
$/sqft $677/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT244365317
List Date August 22, 2026
Elementary School Govalle
Middle School Martin
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.

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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
1002 Walter St
Rosewood Village Sec 8
$650,000 $558 3 bd / 2 ba 1,164 sqft , 2025-08-18
1911 College Row
Grandview Place
$639,000 $705 2 bd / 2 ba 907 sqft , 2026-06-14
1104 Brass St
Buratti & Cherico
$700,000 $1,122 2 bd / 1 ba 624 sqft , 2026-05-30
2104 E 2nd St #2
E 2nd St
$599,900 $571 2 bd / 3 ba 1,050 sqft , 2026-07-10
2703 E 3rd St #2
Anthony W B
$577,000 $533 2 bd / 3 ba 1,083 sqft , 2025-09-05

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 August 23, 2026.

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