About This Home

Short Term Rentals Allowed | Walk to UT & St. David’s Just 7 minutes from the University of Texas and 3 minutes from St. David’s Hospital, this updated condo is perfect for students, medical staff, parents, or investors. Features include luxury laminate flooring, modern kitchens with quartz countertops and stainless steel appliances, full-size washer/dryer hookups, energy-efficient windows, ceiling fans, and a new HVAC system. Short-term rentals are allowed, making this a fantastic opportunity for rental income or a central Austin home with unbeatable access to shopping, dining, and campus life.

At $281/sqft, this home is 28% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3703 Harmon Ave #206, Austin, TX 78705

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Property Details

Price $179,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 638 sqft

Lot Size 0.31 acres (13,490.53 sqft)

Year Built 1969

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Johnsons L C Resub

County Travis

Zip Code 78705

$/sqft $281/sqft

Days on Market ,

HOA $269/Monthly

Annual Tax Est. $32,495.41

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT201036701

List Date June 27, 2025

Elementary School Lee

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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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 27, 2025 $249,900

Previous ask $184,900

Current ask $179,000

▼ Reduced $70,900 (-28.4%) 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

3703 Harmon Ave #104
Johnsons L C Resub $179,000 $281 1 bd / 1 ba 638 sqft , 2026-07-29

923 E 41st St #101
Dure Len C $179,900 $400 1 bd / 1 ba 450 sqft , 2026-05-05

3815 Guadalupe St #103
Avenel At Hyde Park Condo $184,900 $299 1 bd / 1 ba 618 sqft , 2025-04-23

2401 Manor Rd #232
East University Place Condos $170,000 $243 1 bd / 1 ba 700 sqft , 2026-03-11

204 E 30th St #101
30th Street Condominiums $189,000 $420 1 bd / 1 ba 450 sqft , 2026-07-17

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

$859/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

$35,800

20% conventional investment loan

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

Estimated Gross Rent+$859

Principal + Interest−$977

Property Tax (~2.1% TX avg)−$313

Insurance (~0.5%)−$75

Est. Monthly Cash Flow $-506

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

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 July 29, 2026.

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

3703 Harmon Ave #206