Active Listing  ·  108 days on market

3204 Menchaca Rd #105

Austin, TX 78704
$225,000
2 Bed 2 Bath 920 sqft $245/sqft Built 1985 0.06 acres Pool Ivy 78704 Condo Amd The

Investor opportunity meets effortless Austin living at 3204 Menchaca Rd #105. This 2-bedroom, 2-bath condo offers 920 square feet of efficient, low-maintenance space in one of South Austin’s most consistently high-demand rental corridors—ideal for generating income today while appealing to future owner-occupants.

Designed with functionality in mind, the open-concept layout creates a seamless flow between kitchen, living, and dining areas, while the dual-bedroom, dual-bath floor plan is perfectly suited for roommates, young professionals, or single executives seeking a flexible live/work setup. The primary suite features a private en-suite bath, offering a quiet retreat, while the overall layout maximizes usability and comfort within a compact footprint.

For investors, the location and layout support strong leasing potential, tenant retention, and long-term appreciation. For end users, this condo offers a lock-and-leave lifestyle with minimal upkeep—ideal for busy professionals who want convenience without sacrificing access to Austin’s best amenities.

Residents enjoy access to a community pool and green park space, enhancing both lifestyle appeal and rental desirability.

Positioned just minutes from South Lamar, with its vibrant mix of restaurants, coffee shops, and nightlife, as well as outdoor destinations like Zilker Park and Lady Bird Lake, this location consistently attracts both renters and buyers. Quick access to downtown Austin and major employers further strengthens its long-term value.

A rare opportunity to secure a versatile asset in one of Austin’s most desirable and proven submarkets. Buyers agent to confirm all details.

At $245/sqft, this home is 37% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3204 Menchaca Rd #105, Austin, TX 78704

Property Details

Price $225,000
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 $245/sqft
Days on Market ,
HOA $300/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223945734
List Date April 18, 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.

Schedule a Call →

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
2450 Wickersham Ln #501
Chamonix Condo Amd
$225,000 $241 2 bd / 1 ba 935 sqft , 2024-07-30
6804 N Capital Of Texas Hwy #226
Pointe 360 Condos
$225,000 $210 2 bd / 2 ba 1,072 sqft , 2026-01-10
2425 Ashdale Dr #81
Summit Condo Amd
$225,000 $229 2 bd / 2 ba 984 sqft , 2026-03-27
4361 S Congress Ave #427
Public Condos Bldg 2
$225,000 $300 1 bd / 1 ba 749 sqft , 2025-05-02
910 Duncan Ln #50
Pointe Condominiums Amended The
$225,000 $359 1 bd / 1 ba 626 sqft , 2026-03-08

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
$1,080/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
$45,000
20% conventional investment loan

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

Estimated Gross Rent+$1,080
Principal + Interest−$1,228
Property Tax (~2.1% TX avg)−$394
Insurance (~0.5%)−$94
Est. Monthly Cash Flow $-636

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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