Active Listing  ·  85 days on market

3814 Southway Dr #B

Austin, TX 78704
$375,000
2 Bed 2 Bath 1,007 sqft $372/sqft Built 1971 0.20 acres Pool Southridge Sec 02

Unit B at 3814 Southway Dr is a fully renovated 2-bedroom, 1.5-bath residence offering modern living and strong investment potential in Austin’s iconic 78704 district. Taken down to the studs and completely rebuilt, this property delivers the feel and quality of new construction while maintaining the charm and accessibility of one of Austin’s most established neighborhoods.

Extensive improvements include all-new HVAC, roof, plumbing, electrical systems, insulation, cabinetry, fixtures, and finishes throughout. The interior showcases a clean modern aesthetic with an open floorplan, updated kitchen, custom cabinetry, contemporary bathrooms, and carefully selected finishes designed to appeal to today’s tenants and buyers alike.

Positioned just minutes from Downtown Austin, South Congress, Barton Springs, and countless restaurants, entertainment venues, and employers, this unit presents an exceptional opportunity for long-term appreciation and income potential. Ideal for owner-occupants, traveling professionals, furnished rental operators, or Airbnb investors. Estimated delivery June 2025.

At $372/sqft, this home is 5% 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

3814 Southway Dr #B, Austin, TX 78704

Property Details

Price $375,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,007 sqft
Lot Size 0.20 acres (8,777.34 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Southridge Sec 02
County Travis
Zip Code 78704
$/sqft $372/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,179.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229642447
List Date May 11, 2026
Elementary School Galindo
Middle School Lively
High School Travis
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
2205 N Lamar Blvd #114
Caswell Lofts Condo
$375,000 $454 1 bd / 1 ba 826 sqft , 2026-01-23
4913 Single Shot #A Cir
Fort View Hills Sec 01
$375,000 $310 3 bd / 2 ba 1,209 sqft , 2025-06-05
4361 S Congress Ave #636
Public Condos Bldg 3
$375,000 $347 2 bd / 2 ba 1,081 sqft , 2025-06-11
5701 Link Ave
Skyview Sec 01
$375,000 $446 2 bd / 1 ba 840 sqft , 2026-05-07
3814 Southway Dr #A
Southridge Sec 02
$375,000 $372 2 bd / 2 ba 1,007 sqft , 2026-05-11

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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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