Active Listing  ·  30 days on market

44 East Ave #1208

Austin, TX 78701
$231,288
2 Bed 2 Bath 793 sqft $292/sqft Built 2019 0.00 acres 1-Car Garage Pool 44 East Avenue Condominiums

Welcome to 44 East, where modern living meets affordable homeownership in the heart of Austin! This well-appointed 2-bedroom, 2-bathroom condo features an open-concept floor plan, a private balcony, and a thoughtfully designed kitchen with appliances included. Washer and dryer hookups provide added convenience, making this home move-in ready.

Residents enjoy an impressive collection of community amenities, including a resort-style pool, fitness center, conference/co-working room, game and entertainment area, dog run, and beautifully maintained common spaces—perfect for work, relaxation, and play.

Conveniently located near downtown Austin, major employers, restaurants, shopping, and entertainment, this home offers exceptional value in one of the city's most desirable locations.

This home is part of the City of Austin Affordable Housing Program. Buyers must meet the program's eligibility requirements, including the 80% Median Family Income (MFI) limits, and complete the income qualification process before purchase. Contact the listing agent for program details and qualification requirements.

At $292/sqft, this home is 26% 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

44 East Ave #1208, Austin, TX 78701

Property Details

Price $231,288
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 793 sqft
Lot Size 0.00 acres (60.98 sqft)
Year Built 2019
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 44 East Avenue Condominiums
County Travis
Zip Code 78701
$/sqft $292/sqft
Days on Market ,
HOA $669/Monthly
Annual Tax Est. $4,994.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240520397
List Date August 24, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
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.

Schedule a Call →

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
300 Crockett St #210
Courtyard Condo Amd
$225,000 $351 1 bd / 1 ba 641 sqft , 2026-07-08
1202 Newning Ave #208
Madrid Condo
$239,990 $364 1 bd / 1 ba 660 sqft , 2026-08-31
300 Crockett St #315
Courtyard Condo Amd
$244,900 $354 1 bd / 1 ba 692 sqft , 2026-05-14
507 Sabine St #404
Sabine On 05 Residential Condo
$249,900 $343 1 bd / 1 ba 728 sqft , 2026-07-03
700 S 1ST St #103
VIEWPOINT CONDOMINIUMS
$279,000 $288 2 bd / 2 ba 970 sqft , 2026-06-25

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
$1,110/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
$46,258
20% conventional investment loan

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

Estimated Gross Rent+$1,110
Principal + Interest−$1,262
Property Tax (~2.1% TX avg)−$405
Insurance (~0.5%)−$96
Est. Monthly Cash Flow $-653

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 September 5, 2026.

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