Active Listing  ·  75 days on market

3309 Grooms St #208

Austin, TX 78705
$319,000
2 Bed 1 Bath 873 sqft $365/sqft Built 1949 0.03 acres Pool Escala At 34th Condo

Light-filled and full of Hyde Park charm, this updated second-floor corner condo offers a rare blend of privacy, character, and central Austin convenience. With no unit above, mature tree views, and thoughtfully refreshed interiors, this home feels warm, welcoming, and easy to call home.

Hardwood floors run throughout, while large windows fill the home with beautiful natural light throughout the day. The kitchen and bath have been tastefully updated with shaker-style cabinetry, quartz countertops, modern hardware, stainless steel appliances, updated lighting, tile backsplash, and a modern vanity and mirror. Two comfortable bedrooms offer flexibility for guests, a home office, or shared living. Additional highlights include a 2024 HVAC and two parking spaces.

Escala at 34th is a boutique condominium community in a prime Hyde Park/North Campus location near neighborhood coffee shops, local restaurants, UT, downtown, and everyday essentials. Enjoy a convenient central Austin location with nearby access to both UT Shuttle and CapMetro service.

Ideal as a primary residence, UT home base, or well-located Austin investment, this condo offers a hard-to-find combination of charm, updates, and location.

At $365/sqft, this home is 7% 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

3309 Grooms St #208, Austin, TX 78705

Property Details

Price $319,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 873 sqft
Lot Size 0.03 acres (1,245.82 sqft)
Year Built 1949
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Escala At 34th Condo
County Travis
Zip Code 78705
$/sqft $365/sqft
Days on Market ,
HOA $471/Monthly
Annual Tax Est. $6,303.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230779854
List Date May 21, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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
4802 S Congress Ave #215
The Bend Condominium
$319,000 $510 1 bd / 1 ba 625 sqft , 2026-03-27
715 W 22nd 1/2 St #204
Georgian Condo
$319,000 $468 2 bd / 1 ba 682 sqft , 2026-05-05
6324 N Lamar Blvd #419
Ellis Highline
$319,000 $332 2 bd / 2 ba 962 sqft , 2026-05-30
6711 West Gate Blvd #B
Cherry Creek Ph 06 Sec 05
$319,900 $305 3 bd / 2 ba 1,050 sqft , 2026-04-28
3601 Menchaca Rd #118
Sanctuary
$319,900 $352 2 bd / 2 ba 908 sqft , 2026-05-21

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
$1,531/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
$63,800
20% conventional investment loan

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

Estimated Gross Rent+$1,531
Principal + Interest−$1,741
Property Tax (~2.1% TX avg)−$558
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-901

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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