Active Listing  ·  5 days on market

3801 Menchaca Rd #42

Austin, TX 78704
$340,000
2 Bed 2 Bath 1,066 sqft $319/sqft Built 1982 0.08 acres Pool Coachlight Condo Ph I-Iii

Welcome to Coachlight Condominiums, where prime Austin living awaits! Discover Unit 42: a spacious 1066-square-foot, 2-bedroom, 2-bathroom end unit boasting recent updates that make it a true move-in ready home. Located at the back of the complex, this unit allows for a quiet place to call home, surrounded by plenty of trees and greenspace! The unique floorplan, exclusive to select end units, floods the space with natural light, creating an inviting ambiance whether you're alone or sharing with a roommate. Upstairs, the private primary suite awaits, featuring an ensuite bathroom with a water closet, dual walk-in closets, and updated flooring and shower tiling. Downstairs, a second bedroom offers additional privacy and includes a fully updated ensuite bathroom. Enjoy the woodburning fireplace, skylights, and seamless flow between the kitchen, dining area, and living room, creating a space that's both cozy and perfect for entertaining. Meticulously maintained by its current owner, Unit 42 showcases numerous improvements, such as removed popcorn ceilings, premium carpet upstairs, freshly polished concrete flooring, fresh paint throughout, updated tile flooring in the downstairs bedroom, and both bathrooms, and fixtures. Coachlight Condos is the ideal location for anyone wanting to enjoy the multitude of offerings that Austin is fondly known for; 4 miles to Downtown, 5 miles to the University of Texas, 3 miles to Zilker Park, and minutes from several highways, you aren’t too far from anything! Additionally, you can enjoy the pool, greenspace, ad barbecue areas offered to residents of Coachlight Condos. Call it home today!

At $319/sqft, this home is 19% 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 #42, Austin, TX 78704

Property Details

Price $340,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,066 sqft
Lot Size 0.08 acres (3,484.8 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Coachlight Condo Ph I-Iii
County Travis
Zip Code 78704
$/sqft $319/sqft
Days on Market ,
HOA $375/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247221159
List Date September 18, 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
3808 Southway Dr #103
Southridge Sec 02
$345,000 $348 2 bd / 2 ba 992 sqft , 2026-08-26
1912 Lightsey Rd #6
1912 LIGHTSEY CONDOMINIUMS
$334,900 $324 2 bd / 2 ba 1,034 sqft , 2026-05-14
2505 Thornton Rd #2204
Thornton Trails
$349,000 $475 1 bd / 1 ba 735 sqft , 2026-05-27
4004 Banister Ln #208
Mesa Condos
$349,000 $353 2 bd / 2 ba 989 sqft , 2026-06-01
1404 Southport Dr #A
1404 Southport Drive Condomini
$349,000 $348 2 bd / 2 ba 1,004 sqft , 2026-07-31

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
$1,632/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
$68,000
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,856
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-961

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 →