About This Home

Sitting in the heart of Hyde Park, the Mark V Condos is the perfect property for investors or those looking to establish Texas Residency for in-state tuition at UT Austin. This condo is leased to a long-term tenant for $1,400 per month and the lease was recently renewed until 06/21/2027. The building only has 16 units which gives it a very private feel, and its location in a safe walkable neighborhood has lead to tenants renewing their leases for years. Contact the Gill Cave Group to schedule a viewing.

At $389/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,663 active listings. View Austin market report →

Location

3914 Avenue D None #104, Austin, TX 78751

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Property Details

Price $245,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 630 sqft

Lot Size 0.36 acres (15,624.97 sqft)

Year Built 1969

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Hyde Park Add 02

County Travis

Zip Code 78751

$/sqft $389/sqft

Days on Market ,

HOA $190/Monthly

Annual Tax Est. $4,273.12

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT241758072

List Date July 31, 2026

Elementary School Lee

Middle School Kealing

High School McCallum

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

803 W 28th St #106
San Pedro Oaks Condo $245,999 $352 2 bd / 2 ba 699 sqft , 2026-03-05

201 West 31st St #E
Fruth Addn $242,500 $305 2 bd / 1 ba 794 sqft , 2026-06-30

202 E 45th St #203
Treehouse Condo $249,900 $377 1 bd / 1 ba 662 sqft , 2026-04-01

2612 SAN PEDRO ST A-118 None
Treehouse Condominiums $249,900 $389 1 bd / 1 ba 642 sqft , 2026-05-08

710 E Dean Keeton St #212
Century Condo $250,000 $418 1 bd / 1 ba 598 sqft , 2026-01-03

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

$1,176/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

$49,000

20% conventional investment loan

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

Estimated Gross Rent+$1,176

Principal + Interest−$1,337

Property Tax (~2.1% TX avg)−$429

Insurance (~0.5%)−$102

Est. Monthly Cash Flow $-692

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 →

Neighborhood Context

About Hyde Park

Hyde Park is the neighborhood that defined what Austin neighborhoods could be. Developed in the 1890s as one of Austin's first streetcar suburbs, it has maintained its historic character - tree-lined streets, craftsman bungalows, Victorian cottages - while staying one of the most livable and walkable parts of the city.

The neighborhood sits north of UT Austin between Guadalupe Street and Duval, roughly from 38th to 51st Street. Its proximity to the university brings energy and walkability, and the Guadalupe "Drag" corridor offers coffee shops, restaurants, and bookstores steps from most homes.

🏘️

Architecture

One of Austin's best collections of historic homes - craftsman bungalows, Victorian cottages, and mid-century ranches that have survived Austin's development waves intact.

🚶

Walkability

Walk Score of 85. Coffee, restaurants, parks, and the UT campus are all within walking distance. One of the few Austin neighborhoods where you can genuinely live without a car for day-to-day needs.

🌿

Shipe Park

The neighborhood's anchor green space - pool, tennis courts, and a community hub that hosts farmers markets and neighborhood events.

📚

UT Proximity

5-minute drive or 20-minute walk to UT's campus. Great for faculty, staff, and graduate students; also adds long-term rental investment potential for owners.

Full Hyde Park Guide →

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 1, 2026.

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

3914 Avenue D None #104