Active Listing  ·  47 days on market

3819 Southway Dr #120

Austin, TX 78704
$240,000
1 Bed 1 Bath 620 sqft $387/sqft Built 1972 Pool City Scene Apartments 220

Completely Remodeled Units – Investor Opportunity!

Beautifully remodeled units with potential for additional upgrades and buyer incentives. HOA fees will be waived for the first year for buyers.

For investors, professional property management is available at just 5% of monthly rents, with management fees waived for the first year after purchase. Property management is optional and not required.

Units currently listed are available for purchase, and the owner is also open to selling multiple units as a package for buyers interested in acquiring a group.

Contact the listing agent for details regarding available upgrades, potential concessions, package opportunities, and management options. Buyer to independently verify all information, including measurements, fees, terms, and availability.

At $387/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,588 active listings. View Austin market report →

Location

3819 Southway Dr #120, Austin, TX 78704

Property Details

Price $240,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 620 sqft
Lot Size ,
Year Built 1972
Garage ,
Stories ,
Type Residential · Condominium
Subdivision City Scene Apartments 220
County Travis
Zip Code 78704
$/sqft $387/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,501
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242357519
List Date August 7, 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
4361 S Congress Ave #527
Public Condos Bldg 2
$225,000 $300 1 bd / 1 ba 749 sqft , 2026-06-03
4908 Hawk Cv #2
Glenwood Square
$269,500 $374 2 bd / 1 ba 720 sqft , 2026-08-06
4908 Hawk Cv #1
Glenwood Square
$269,500 $374 2 bd / 1 ba 720 sqft , 2026-08-06
4361 S Congress Ave #322
Public Condos Bldg 2
$210,000 $255 1 bd / 1 ba 825 sqft , 2026-03-21
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
$1,152/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
$48,000
20% conventional investment loan

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

Estimated Gross Rent+$1,152
Principal + Interest−$1,310
Property Tax (~2.1% TX avg)−$420
Insurance (~0.5%)−$100
Est. Monthly Cash Flow $-678

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 August 28, 2026.

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