Active Listing  ·  106 days on market

409 E 38th St #101

Austin, TX 78705
$375,000
2 Bed 3 Bath 1,173 sqft $320/sqft Built 1984 0.03 acres Pool Thirty 08 & Duval Condo At Hwy

Nestled in a prime location between UT and all that Hyde Park has to offer. This condo features a primary suite with walk in closet, double vanities and a sliding door to a large ground floor patio. The second bedroom is a large on suite space. A third half bath for guests is conveniently located just off the large open living space. The condo has been updated with all new counters, light fixtures, ceiling fans, paint and flooring! You have two reserved parking spots. This condo has a wonderful floor plan. The living space is a large open-concept room featuring a wood burning fireplace, The wall of windows, provided by sliding glass doors, open to a large outdoor patio. The patio expands your already large living space. The patio is east-facing allowing a comfortable evening if entertaining or relaxing with a book.

All appliances convey.

At $320/sqft, this home is 19% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

409 E 38th St #101, Austin, TX 78705

Property Details

Price $375,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,173 sqft
Lot Size 0.03 acres (1,184.83 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Thirty 08 & Duval Condo At Hwy
County Travis
Zip Code 78705
$/sqft $320/sqft
Days on Market ,
HOA $1,000/Quarterly
Annual Tax Est. $8,114.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231275295
List Date June 8, 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
501 W 26th St #306
Centennial Condo Rev 1997
$375,000 $361 2 bd / 2 ba 1,040 sqft , 2026-06-15
501 W 26th St #108
Centennial Condo Rev 1997
$374,900 $360 2 bd / 2 ba 1,040 sqft , 2026-07-06
2529 Rio Grande St #78
Orange Tree Condominiums
$380,000 $360 2 bd / 2 ba 1,055 sqft , 2026-07-22
3001 Cedar St #A 102
Benchmark Condo Amd
$365,000 $354 2 bd / 2 ba 1,031 sqft , 2026-06-24
3001 Cedar St #A-211
Benchmark Condo Amd
$385,000 $359 2 bd / 2 ba 1,072 sqft , 2026-07-25

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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 July 28, 2026.

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