Active Listing  ·  57 days on market

3204 Menchaca Rd #104

Austin, TX 78704
$215,000
2 Bed 2 Bath 920 sqft $234/sqft Built 1985 0.06 acres Pool Ivy 78704 Condo Amd The

Welcome to easy Austin living at the gated Ivy Condominiums! Conveniently located in a building just inside the complex's entry gate, this freshly painted 2-bedroom, 2-bath condo offers a comfortable and functional layout with luxury vinyl flooring throughout the main living areas. The inviting living room features a cozy fireplace and flows into the dining area, while the galley-style kitchen offers a more defined cooking space that provides a connection to the main living area without sacrificing separation.

The well-designed split-bedroom layout offers privacy and flexibility, with each bedroom featuring its own full bathroom and walk-in closet—ideal for roommates, guests, a home office setup, or anyone who appreciates having their own private space. A hallway coat and utility closet adds valuable storage for linens, towels, luggage, blankets, and everyday essentials.

Beyond the unit itself, Ivy Condominiums offers an impressive collection of community amenities designed for both relaxation and convenience. Take a refreshing dip in the sparkling pool, enjoy secure bike storage, spend time with your four-legged companion at the dedicated dog park, or unwind in the inviting outdoor gathering spaces. HOA dues include water, hot water, trash, recycling, landscaping, exterior maintenance, and access to community amenities, creating an easy lock-and-leave lifestyle. The condo is also wired for Google Fiber for fast and reliable connectivity.

Perfectly positioned just moments from some of Austin’s most iconic favorites—including Torchy’s Tacos, Matt’s El Rancho, Amy’s Ice Creams, and Radio Coffee & Beer—this home puts the best of the South Lamar lifestyle within easy reach. Enjoy convenient access to Downtown Austin, SoCo, South First, Highway 290, Highway 71, I-35, and major bus routes, making it easy to explore everything the city has to offer.

At $234/sqft, this home is 40% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3204 Menchaca Rd #104, Austin, TX 78704

Property Details

Price $215,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 920 sqft
Lot Size 0.06 acres (2,657.16 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Ivy 78704 Condo Amd The
County Travis
Zip Code 78704
$/sqft $234/sqft
Days on Market ,
HOA $402/Monthly
Annual Tax Est. $5,073.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243043722
List Date August 12, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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 12, 2026 $225,000
Current ask $215,000
▼ Reduced $10,000 (-4.4%) 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
3204 Menchaca Rd #105
Ivy 78704 Condo Amd The
$225,000 $245 2 bd / 2 ba 920 sqft , 2026-04-18
3819 Southway Dr #120
City Scene Apartments 220
$235,000 $379 1 bd / 1 ba 620 sqft , 2026-08-07
3819 Southway Dr #211
SOUTHRIDGE SEC 2
$260,000 $317 2 bd / 1 ba 820 sqft , 2026-08-07
1706 Redd St #2
1706 Redd Condos
$260,000 $255 3 bd / 2 ba 1,021 sqft , 2026-10-05
2021 Bluebonnet Ln #210
Zilker Condo Amd
$268,000 $351 1 bd / 1 ba 764 sqft , 2026-04-22

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
$1,032/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
$43,000
20% conventional investment loan

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

Estimated Gross Rent+$1,032
Principal + Interest−$1,173
Property Tax (~2.1% TX avg)−$376
Insurance (~0.5%)−$90
Est. Monthly Cash Flow $-607

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 22, 2026.

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