Active Listing  ·  12 days on market

3801 Menchaca Rd #24

Austin, TX 78704
$280,000
2 Bed 2 Bath 1,005 sqft $279/sqft Built 1982 0.08 acres Pool COACHLIGHT CONDOMINIUMS PHS I-III

3801 Menchaca Rd is a one-story Austin cul-de-sac corner condo with a functional layout and modern finishes throughout. The kitchen features stainless steel appliances and quartz countertops, creating a polished and well-equipped cooking space. A fireplace anchors the main living area, adding warmth and ambiance to the central gathering space. The primary bedroom includes a walk-in closet for convenient storage and organization. No upstairs neighbors add a quiet setting to this single-story unit. A patio extends the living space outdoors, creating ample room for relaxation and entertaining. The home sits minutes from South Lamar, Downtown Austin, and Zilker Park, with walkable access to local restaurants and coffee shops. Included 100-Day Home Warranty with buyer activation

At $279/sqft, this home is 29% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3801 Menchaca Rd #24, Austin, TX 78704

Property Details

Price $280,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,005 sqft
Lot Size 0.08 acres (3,297.49 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision COACHLIGHT CONDOMINIUMS PHS I-III
County Travis
Zip Code 78704
$/sqft $279/sqft
Days on Market ,
HOA $375/Monthly
Annual Tax Est. $5,877.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246508909
List Date September 11, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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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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
4004 Banister Ln #202
Mesa Condominiums
$280,000 $322 1 bd / 1 ba 870 sqft , 2026-08-24
4004 Banister Ln #303
MESA CONDOMINIUMS
$279,000 $321 1 bd / 1 ba 870 sqft , 2026-06-27
3809 Menchaca Rd #C
Coachlight Square
$275,000 $273 2 bd / 2 ba 1,008 sqft , 2026-05-26
2000 Lightsey Rd #5
2000 Lightsey Condominiums
$285,000 $343 2 bd / 1 ba 832 sqft , 2026-08-26
3819 Southway Dr #211
SOUTHRIDGE SEC 2
$270,000 $329 2 bd / 1 ba 820 sqft , 2026-08-07

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
$1,344/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
$56,000
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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 22, 2026.

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