Active Listing  ·  98 days on market

3409 Neal St #2

Austin, TX 78702
$485,000
2 Bed 3 Bath 1,092 sqft $444/sqft Built 2022 0.12 acres 1-Car Garage Pool 3409 NEAL CONDOMINIUMS

Welcome to 3409 Neal Street #2, a contemporary East Austin condo offering the perfect blend of modern design, functional living, and an unbeatable location. This 2 bedroom, 2.5 bath home features an open-concept layout filled with natural light, polished concrete flooring on the main level, and seamless flow between the living and kitchen areas. Whether you're entertaining friends or enjoying a quiet evening at home, the thoughtfully designed floor plan offers both comfort and style. Upstairs, both bedrooms feature ensuite bathrooms, offering comfort and flexibility. The bedroom positioned at the rear of the home showcases vaulted ceilings and direct access to a private terrace overlooking Boggy Creek Farm, blending indoor and outdoor living with tranquil views of one of East Austin's most beloved landmarks. The attached garage has been upgraded with climate control, creating a versatile flex space ideal for a home office, fitness studio, creative workspace, or hobby room. Located in the heart of East Austin, this home places you just moments from neighborhood favorites. Grab your coffee at Flitch Coffee, enjoy fresh local produce from Boggy Creek Farm, explore the nearby Boggy Creek Trail, or take advantage of the area's acclaimed restaurants, breweries, and entertainment venues. With convenient access to downtown Austin, major employers, The University of Texas, and everything the East Side has to offer, this home delivers the ideal combination of urban convenience and neighborhood charm. Combining modern finishes, flexible living spaces, and a location surrounded by some of Austin's most beloved local destinations, this home presents an exceptional opportunity to experience the best of East Austin living. Whether you're relaxing on the private terrace, working from the climate-controlled flex space in the garage, or exploring the neighborhood, every aspect of this home is designed to support both convenience and connection. Schedule your private showing today!

At $444/sqft, this home is priced 13% 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

3409 Neal St #2, Austin, TX 78702

Property Details

Price $485,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,092 sqft
Lot Size 0.12 acres (5,214.13 sqft)
Year Built 2022
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 3409 NEAL CONDOMINIUMS
County Travis
Zip Code 78702
$/sqft $444/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,935.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232648458
List Date June 16, 2026
Elementary School Govalle
Middle School Kealing
High School Eastside Early College
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 16, 2026 $540,000
Previous ask $500,000
Current ask $485,000
Reduced $55,000 (-10.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2505 E 11th St #2
2505 E 11th Street Condos
$485,000 $541 2 bd / 3 ba 896 sqft , 2026-07-30
1120 Spur St
Pecan Valley
$492,500 $395 3 bd / 2 ba 1,248 sqft , 2026-04-17
1176 Graham St
Keystone Add
$495,000 $625 2 bd / 1 ba 792 sqft , 2026-03-30
3211 Holton St #3211B
Villas At Holton Woods
$499,000 $342 3 bd / 3 ba 1,461 sqft , 2026-06-19
1140 Webberville Rd #9
Ashton East Condominium Townhomes
$499,000 $424 2 bd / 3 ba 1,178 sqft , 2026-06-25

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
$2,328/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
$97,000
20% conventional investment loan

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

Estimated Gross Rent+$2,328
Principal + Interest−$2,647
Property Tax (~2.1% TX avg)−$849
Insurance (~0.5%)−$202
Est. Monthly Cash Flow $-1,370

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 18, 2026.

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