About This Home

Completely remodeled unit!

Contact agent for potential upgrades and concessions. HOA fees will be waived for the first year for buyers. Investors also have the option to use professional property management for a 5% monthly fee *free for the first year after purchase, though management is not required. Units listed are currently available however owner is willing to sell units in groups if buyers are interested. Buyer to verify all information.

At $329/sqft, this home is 16% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3819 Southway Dr #211, Austin, TX 78704

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Property Details

Price $270,000

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 $329/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 ,

Have Questions About This Property?

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

2200 Dickson Dr #127
Akoya Condo Amd $270,000 $422 1 bd / 1 ba 640 sqft , 2026-02-09

2110 Rio Grande St #303
Palmetto Condominiums $270,000 $347 2 bd / 1 ba 777 sqft , 2026-07-01

1903 Keilbar Ln
Soma $270,000 $259 3 bd / 2 ba 1,042 sqft , 2026-08-11

2220 Webberville Rd #302
Axiom East Condominiums $269,900 $406 1 bd / 1 ba 665 sqft , 2026-05-22

4908 Hawk Cv #2
Glenwood Square $269,500 $374 2 bd / 1 ba 720 sqft , 2026-08-06

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

$1,296/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

$54,000

20% conventional investment loan

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

Estimated Gross Rent+$1,296

Principal + Interest−$1,474

Property Tax (~2.1% TX avg)−$473

Insurance (~0.5%)−$113

Est. Monthly Cash Flow $-764

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 12, 2026.

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

3819 Southway Dr #211

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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