About This Home

South facing unit, third floor in "B" Building which is the second in from Rainey Street (third building away from IH35). Amenities include one indoor/one outdoor pool, a cardio exercise room, weight room, library, meeting rooms, billiard room, racketball court. Walk through gate and cross street to Lady Bird Lake hike & bike trails

At $286/sqft, this home is 27% 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

40 N Interstate 35 None #3B3, Austin, TX 78701

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Property Details

Price $369,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,288 sqft

Lot Size 0.02 acres (1,010.59 sqft)

Year Built 1983

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Towers Town Lake Condo Amd

County Travis

Zip Code 78701

$/sqft $286/sqft

Days on Market ,

HOA $1,011/Monthly

Annual Tax Est. $8,698

Pool Yes

Waterfront Yes

New Construction ,

MLS # ACT219653745

List Date March 3, 2026

Elementary School Mathews

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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

11204 Silo Valley Dr
Pioneer Crossing East Sec 05 $369,000 $220 3 bd / 2 ba 1,675 sqft , 2026-02-12

801 N Bluff Dr #50
North Bluff $369,000 $269 2 bd / 3 ba 1,370 sqft , 2026-03-03

4004 Banister Ln #208
Mesa Condos $369,000 $373 2 bd / 2 ba 989 sqft , 2026-06-01

13604 Caldwell Dr #15
Cottages At Lake Creek Condo $369,000 $290 3 bd / 2 ba 1,274 sqft , 2026-06-18

14609 Great Eagle Trl
Apache Shores 01 Instl $369,000 $256 3 bd / 2 ba 1,444 sqft , 2026-06-11

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

$1,771/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

$73,800

20% conventional investment loan

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

Estimated Gross Rent+$1,771

Principal + Interest−$2,014

Property Tax (~2.1% TX avg)−$646

Insurance (~0.5%)−$154

Est. Monthly Cash Flow $-1,043

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

40 N Interstate 35 None #3B3

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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