Active Listing  ·  75 days on market

3601 Menchaca Rd #118

Austin, TX 78704
$319,900
2 Bed 2 Bath 908 sqft $352/sqft Built 1980 0.05 acres Pool Sanctuary

Tucked away in the back of a small, well-maintained community in highly sought-after 78704, this beautifully updated 2-bedroom, 1.5-bath split-level condo offers a rare combination of privacy, thoughtful updates, and easy South Austin living. Inside, you’ll find upgrades such as a new HVAC system, updated flooring, stylish kitchen cabinets with tile backsplash, new bathroom vanities and mirrors, fresh interior paint throughout, and a new back door—plus the added appeal of gas cooking and a cozy wood-burning fireplace.

Step outside to your own private, fenced backyard complete with turf and a mature shade tree—ideal for low-maintenance outdoor living. All appliances convey, including the refrigerator and in-unit washer and dryer, making this home truly move-in ready.

Residents enjoy access to a community pool and beautifully maintained common areas, with the HOA fee covering gas, water, trash, and exterior maintenance. Rental-friendly with a 30-day minimum lease term, this property offers flexibility for both owners and investors.

Located just minutes from South Lamar, with easy access to neighborhood walking routes, local dining, and entertainment, this home delivers the best of South Austin living. Preferred lender Redbud Home Loans is offering a 1% lender credit to qualified buyers—ask for details. Listing agent 2 is Agent/Owner.

At $352/sqft, this home is 10% 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

3601 Menchaca Rd #118, Austin, TX 78704

Property Details

Price $319,900
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 908 sqft
Lot Size 0.05 acres (2,191.07 sqft)
Year Built 1980
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Sanctuary
County Travis
Zip Code 78704
$/sqft $352/sqft
Days on Market ,
HOA $494.02/Monthly
Annual Tax Est. $6,250.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230076781
List Date May 21, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
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
6711 West Gate Blvd #B
Cherry Creek Ph 06 Sec 05
$319,900 $305 3 bd / 2 ba 1,050 sqft , 2026-04-28
2918 Ranch Road 620 None N #L-173
Villas On Travis Condo Amd
$320,000 $276 2 bd / 2 ba 1,161 sqft , 2025-06-10
914 Hermitage Dr
Heritage Hills Sec 01
$320,000 $293 3 bd / 2 ba 1,092 sqft , 2025-07-03
2220 Webberville Rd #216
Axiom East Condos
$320,000 $441 1 bd / 1 ba 725 sqft , 2026-05-15
6010 Waycross Dr
Flournoys Sweetbriar Sec 08
$320,000 $321 3 bd / 1 ba 996 sqft , 2026-06-12

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
$1,536/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
$63,980
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (~2.1% TX avg)−$560
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-903

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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