About This Home

PLEASE READ! Unit #B is also for sale and listed on the MLS. Both units can be sold at the same time and both are rented for $1850/month each. Tenant has a lease until 04/30/2027. Excellent investment opportunity located just minutes from UT Austin and Downtown. This well-laid-out unit offers a bright, open living space with a comfortable flow ideal for everyday living. The kitchen provides ample storage and workspace, while generously sized bedrooms allow flexibility for work, study, or relaxation. The location is the true standout—quick access to campus, major employers, dining, nightlife, and public transit makes commuting simple and efficient. Perfect for those who value proximity and walkability while still enjoying a residential feel

At $446/sqft, this home is priced 14% 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

3309 Robinson Ave #B, Austin, TX 78722

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Property Details

Price $450,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 1,008 sqft

Lot Size ,

Year Built 2006

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Cherrywood

County Travis

Zip Code 78722

$/sqft $446/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT236999906

List Date June 19, 2026

Elementary School Maplewood

Middle School Kealing

High School McCallum

School District ,

Have Questions About This Property?

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

3309 Robinson Ave #A
3309 Robinson Condo $450,000 $446 2 bd / 1 ba 1,008 sqft , 2026-06-19

1815 Singleton Ave
Glenwood Add $450,000 $666 2 bd / 1 ba 676 sqft , 2026-07-14

1807 Ulit Ave #B
Ulit Condo $450,000 $499 2 bd / 2 ba 902 sqft , 2026-07-22

1407 Cedar Ave #2
Glenwood Add $465,000 $456 2 bd / 3 ba 1,020 sqft , 2026-04-02

3311 Hollywood Ave
University Park $425,000 $496 1 bd / 1 ba 856 sqft , 2026-02-06

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

$2,160/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

$90,000

20% conventional investment loan

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

Estimated Gross Rent+$2,160

Principal + Interest−$2,456

Property Tax (~2.1% TX avg)−$788

Insurance (~0.5%)−$188

Est. Monthly Cash Flow $-1,272

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 →

Neighborhood Context

About Cherrywood

Cherrywood is where East Austin's artsy identity has its deepest roots. The neighborhood - bounded roughly by Airport Boulevard, Manor Road, 51st Street, and Berkman Drive - has long been a hub for Austin's creative community, anchored by the Cherrywood Coffeehouse and surrounded by the kind of craftsman bungalows and cottage-style homes that photographers and painters have claimed as studios for decades.

The neighborhood sits north of the East 6th entertainment corridor and south of Mueller, which gives it a residential calm that the core of East Austin lacks while maintaining easy access to both. Manor Road, the main commercial street bordering Cherrywood to the north, has excellent dining - Paperboy, Hillside Farmacy, and Cherrywood Coffeehouse anchor a walkable strip that draws residents from surrounding neighborhoods.

☕

Cherrywood Coffeehouse

The neighborhood's anchor institution - a beloved independent coffeehouse that has been drawing the Austin arts community to Cherrywood for years. Outdoor seating, live music, and a genuine neighborhood hub.

🍽️

Manor Road Dining

Hillside Farmacy, Paperboy, and the broader Manor Road corridor offer excellent farm-to-table and creative dining within easy walking distance of most Cherrywood homes.

🎨

East Austin Studio Tour

The annual East Austin Studio Tour has Cherrywood at its epicenter - over 200 artists open their studios each November for one of Austin's most beloved cultural events.

🚶

Walk Score 81

Coffeehouse, restaurants, parks, and the Mueller Farmers Market are all walkable. Cherrywood is one of East Austin's most genuinely pedestrian-friendly residential neighborhoods.

Full Cherrywood Guide →

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

About the Author

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 June 20, 2026.

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

3309 Robinson Ave #B