Active Listing  ·  8 days on market

402 E 32nd St #1A

Austin, TX 78705
$799,000
3 Bed 3 Bath 2,200 sqft $363/sqft Built 2000 0.10 acres 2-Car Garage Pool Tom Green City Homes Condomini

An exceptional opportunity in the heart of North University! Offering 2,200 square feet, 3 bedrooms, and 2.5 bathrooms, this spacious townhouse lives like a single-family home and is less than a 10-minute walk to the University of Texas campus. With its generous floor plan and unbeatable proximity to UT, the property offers incredible flexibility for investors, university faculty, or anyone looking to enjoy the convenience of central Austin living. The first floor features a spacious, open living room with a fireplace and a formal dining area, providing plenty of room for everyday living and entertaining. The large kitchen offers granite countertops, a center island, new stainless steel appliances (Sept. 2026), and a casual dining area. With multiple dining and gathering spaces, the layout provides a level of flexibility that's hard to find this close to campus. Upstairs, all three bedrooms are generously sized. The expansive primary suite features a sitting or study area with a large picture window, while the ensuite bathroom offers dual vanities, a garden tub, and a separate walk-in shower. One of the additional bedrooms is exceptionally large and offers the potential to be divided into a fourth bedroom, creating an opportunity for buyers looking to maximize the property's rental potential. Any modifications should be independently verified by the buyer. Outside, a private backyard provides plenty of room to relax, entertain, or enjoy time outdoors. An attached two-car garage adds everyday convenience and valuable parking in this highly walkable neighborhood. Located in the heart of North University, this home offers easy access to UT Austin, St. David's Medical Center, and the restaurants, coffee shops, and neighborhood favorites of Hyde Park. Whether you're looking for a primary residence, a home for your UT student, or an investment property, this is a unique turnkey opportunity to own a spacious home in one of Austin's most convenient central neighborhoods.

At $363/sqft, this home is 7% 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

402 E 32nd St #1A, Austin, TX 78705

Property Details

Price $799,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,200 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Tom Green City Homes Condomini
County Travis
Zip Code 78705
$/sqft $363/sqft
Days on Market ,
HOA $465.47/Monthly
Annual Tax Est. $11,935.9
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248179731
List Date September 30, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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.

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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
1028 Ellingson Ln
Mayfair Terrace
$799,000 $357 2 bd / 1 ba 2,240 sqft , 2026-07-05
1002 Concordia Ave
East Ave
$800,000 $355 3 bd / 4 ba 2,253 sqft , 2026-07-15
3906 Willbert Rd
Wilbert Add
$849,000 $493 3 bd / 2 ba 1,722 sqft , 2026-09-14
4408 Barrow Ave
Eichelberger Ruby
$874,500 $428 4 bd / 3 ba 2,044 sqft , 2026-07-09
3500 Harmon Ave #7
Austin Modern Lofts Condos
$875,000 $429 3 bd / 4 ba 2,040 sqft , 2026-04-30

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (~2.1% TX avg)−$1,398
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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 4, 2026.

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