Active Listing  ·  112 days on market

3204 Menchaca Rd #303

Austin, TX 78704
$179,999
1 Bed 1 Bath 420 sqft $429/sqft Built 1985 0.03 acres Pool Ivy 78704 Condo Amd The

Positioned in the heart of 78704, Unit 303 at The Ivy Condominiums presents one of the most compelling entry points into central Austin living. This 1-bedroom, 1-bath condo offers affordability, location, and low-maintenance ownership in one of the city’s most consistently in-demand pockets. Tucked inside a gated community along Menchaca, the location is the true standout. You’re minutes from South Lamar, SoCo, Zilker Park, Barton Springs, and downtown Austin, with quick access to Mopac, 290, and 360. Walk or bike to local staples like Loro, Torchy’s, Broken Spoke, Kerbey Lane, Radio Coffee, and more—placing some of Austin’s best dining, coffee, and nightlife right at your doorstep while still enjoying a quieter residential setting. Inside, the 420 sq ft layout is efficient and functional, featuring an open-concept living and dining nook filled with natural light. The kitchen comes equipped with stainless appliances, including a refrigerator and microwave, along with ample cabinetry and workspace. The bedroom is well-sized for the footprint, and the unit includes an in-unit stacked washer and dryer for everyday convenience. With no interior steps and a simple, clean layout, the space is easy to maintain and move-in ready. The Ivy community offers a laid-back, well-kept environment with amenities that enhance day-to-day living, including a pool, dog run, and gated access with assigned parking. The HOA covers water, trash, exterior maintenance, and landscaping, keeping monthly overhead predictable and low at $185/month. Whether you’re a first-time buyer, investor, or looking for a lock-and-leave home base in one of Austin’s strongest submarkets, Unit 303 delivers on location, simplicity, and long-term value—right in the center of it all.

At $429/sqft, this home is priced 9% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3204 Menchaca Rd #303, Austin, TX 78704

Property Details

Price $179,999
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 420 sqft
Lot Size 0.03 acres (1,219.68 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Ivy 78704 Condo Amd The
County Travis
Zip Code 78704
$/sqft $429/sqft
Days on Market ,
HOA $184.75/Monthly
Annual Tax Est. $2,822.59
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226110286
List Date May 4, 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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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
3744 VALLEY VIEW Rd #C
SLEEPY HOLLOW PHS II
$185,000 $329 1 bd / 1 ba 563 sqft , 2026-07-02
3204 Menchaca Rd #704
Ivy 78704 Condo Amd The
$150,000 $288 1 bd / 1 ba 520 sqft , 2026-05-19

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
$864/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
$36,000
20% conventional investment loan

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

Estimated Gross Rent+$864
Principal + Interest−$982
Property Tax (~2.1% TX avg)−$315
Insurance (~0.5%)−$75
Est. Monthly Cash Flow $-508

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 27, 2026.

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