Active Listing  ·  34 days on market

3204 Menchaca Rd #313

Austin, TX 78704
$169,000
1 Bed 1 Bath 420 sqft $402/sqft Built 1985 0.03 acres Pool Ivy 78704 Condo Amd The

Move-in ready and ideally located, 3204 Menchaca Drive, Unit 313 offers an excellent opportunity to enjoy the convenience and lifestyle of Central Austin. Located within The Ivy Condominiums, this well-positioned unit comes complete with all appliances, making the transition to your new home easy from day one. Perfect for a professional looking to take advantage of everything downtown Austin has to offer or a student seeking convenient access to Austin’s universities and colleges, Unit 313 combines location, accessibility, and low-maintenance living. The Ivy offers a tranquil, gated community environment with controlled access and a community pool—a welcome retreat just minutes from the energy of the city. Take a short walk to South Lamar and explore some of Austin’s classic local eateries, coffee shops, entertainment, and neighborhood favorites. With convenient access to downtown, major thoroughfares, and many of the destinations that make South and Central Austin so desirable, Unit 313 offers an opportunity to enjoy the Austin lifestyle without sacrificing comfort or convenience. Whether you're looking for a primary residence, a lock-and-leave home, or simply a great location in the heart of the city, this move-in-ready condominium is ready to welcome you home.

At $402/sqft, this home is priced 3% 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 #313, Austin, TX 78704

Property Details

Price $169,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 420 sqft
Lot Size 0.03 acres (1,210.97 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Ivy 78704 Condo Amd The
County Travis
Zip Code 78704
$/sqft $402/sqft
Days on Market ,
HOA $185/Monthly
Annual Tax Est. $3,221.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245262685
List Date September 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
3204 Manchaca Rd #302
Ivy 78704 Condo Amd The
$165,000 $393 1 bd / 1 ba 420 sqft , 2026-09-18
3744 VALLEY VIEW Rd #C
SLEEPY HOLLOW PHS II
$164,900 $293 1 bd / 1 ba 563 sqft , 2026-07-02
3204 Menchaca Rd #303
Ivy 78704 Condo Amd The
$179,999 $429 1 bd / 1 ba 420 sqft , 2026-05-04

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
$811/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
$33,800
20% conventional investment loan

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

Estimated Gross Rent+$811
Principal + Interest−$922
Property Tax (~2.1% TX avg)−$296
Insurance (~0.5%)−$70
Est. Monthly Cash Flow $-477

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 5, 2026.

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