About This Home

North UT Campus 3 bed, 2 bath with huge loft space that could be used as a 4th bedroom, office or socializing area. Located on the UT Metro Bus Route right off of Speedway makes for an easy commute to campus; also biking distance. 3rd floor unit features spacious living area with a balcony and fireplace, kitchen with bay window, tile in the common area, in-unit W/D and 2 reserved parking included. Gated property.

At $284/sqft, this home is 27% 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

3506 Speedway St #301, Austin, TX 78705

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Property Details

Price $349,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,229 sqft

Lot Size ,

Year Built 1982

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision PECAN WALK CONDOMINIUMS THE

County Travis

Zip Code 78705

$/sqft $284/sqft

Days on Market ,

HOA $278/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237230741

List Date June 23, 2026

Elementary School Ridgetop

Middle School Kealing

High School McCallum

School District ,

Have Questions About This Property?

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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

12200 Tawny Farms Rd #139
Gabardine Condo $349,000 $267 3 bd / 2 ba 1,308 sqft , 2026-06-22

8829 Francia Trl
Park Ridge $349,000 $280 3 bd / 2 ba 1,247 sqft , 2026-07-02

8417 Maine Dr
Colony North Sec 02 $349,000 $344 3 bd / 1 ba 1,014 sqft , 2026-07-23

9309 Sweetgum Dr
SAGE MEADOW $349,000 $245 3 bd / 3 ba 1,422 sqft , 2026-07-23

4517 Lava Island Dr
Cascades at Onion Creek $348,990 $225 3 bd / 2 ba 1,553 sqft , 2026-03-31

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

$1,675/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

$69,800

20% conventional investment loan

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

Estimated Gross Rent+$1,675

Principal + Interest−$1,905

Property Tax (~2.1% TX avg)−$611

Insurance (~0.5%)−$145

Est. Monthly Cash Flow $-986

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

3506 Speedway St #301

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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