Active Listing  ·  62 days on market

3819 Southway Dr #211

Austin, TX 78704
$260,000
2 Bed 1 Bath 820 sqft $317/sqft Built 1972 1.72 acres Pool SOUTHRIDGE SEC 2

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 $317/sqft, this home is 19% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3819 Southway Dr #211, Austin, TX 78704

Property Details

Price $260,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 820 sqft
Lot Size 1.72 acres (74,923.2 sqft)
Year Built 1972
Garage ,
Stories ,
Type Residential · Condominium
Subdivision SOUTHRIDGE SEC 2
County Travis
Zip Code 78704
$/sqft $317/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,501
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242357914
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 7, 2026 $270,000
Current ask $260,000
▼ Reduced $10,000 (-3.7%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
1706 Redd St #2
1706 Redd Condos
$260,000 $255 3 bd / 2 ba 1,021 sqft , 2026-10-05
3801 Menchaca Rd #24
COACHLIGHT CONDOMINIUMS PHS I-III
$274,000 $273 2 bd / 2 ba 1,005 sqft , 2026-09-11
3809 Menchaca Rd #C
Coachlight Square
$275,000 $273 2 bd / 2 ba 1,008 sqft , 2026-05-26
4004 Banister Ln #303
MESA CONDOMINIUMS
$279,000 $321 1 bd / 1 ba 870 sqft , 2026-06-27
4004 Banister Ln #202
Mesa Condominiums
$280,000 $322 1 bd / 1 ba 870 sqft , 2026-08-24

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
$1,248/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
$52,000
20% conventional investment loan

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

Estimated Gross Rent+$1,248
Principal + Interest−$1,419
Property Tax (~2.1% TX avg)−$455
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-734

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 October 6, 2026.

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