About This Home

Wonderful, light-filled 2 bed/1.5 bath townhome within Southway Condominiums -- Totally renovated with a down-to-the-studs remodel in 2021! This well maintained unit has vaulted ceilings, spacious bedrooms, wide plank flooring and sleek appliances. Sliding glass doors lead to a private fenced-in patio, offering a zen-like outdoor retreat. HOA covers Water, Trash, Landscaping, and Walls-out-insurance. Windows, flooring, HVAC, etc. all replaced in 2021! Just minutes from several coffee shops and endless entertainment options within 78704! Only 10 minutes from Zilker, under 15 minutes to Downtown!

At $348/sqft, this home is 11% 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

3808 Southway Dr #103, Austin, TX 78704

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Property Details

Price $345,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths 1

Living Area 992 sqft

Lot Size 0.20 acres (8,842.68 sqft)

Year Built 1971

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Southridge Sec 02

County Travis

Zip Code 78704

$/sqft $348/sqft

Days on Market ,

HOA $300/Monthly

Annual Tax Est. $6,005.29

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT244088351

List Date August 26, 2026

Elementary School Galindo

Middle School Lively

High School Travis

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

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

3600 S Lamar Blvd #215
Greenview On Barton Creek Condo $349,000 $380 1 bd / 2 ba 919 sqft , 2026-09-11

404 Normandy St
Placidena $349,900 $335 2 bd / 1 ba 1,046 sqft , 2026-08-20

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

$1,656/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

$69,000

20% conventional investment loan

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

Estimated Gross Rent+$1,656

Principal + Interest−$1,883

Property Tax (~2.1% TX avg)−$604

Insurance (~0.5%)−$144

Est. Monthly Cash Flow $-975

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 August 27, 2026.

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

3808 Southway Dr #103

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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