Active Listing  ·  110 days on market

501 W 26th St #103

Austin, TX 78705
$415,000
3 Bed 2 Bath 1,211 sqft $343/sqft Built 1997 0.02 acres 3-Car Garage Pool Centennial Condo Rev 1997

It doesn't get much closer to campus than this amazing location just one block off the drag in UT west campus at Centennial Condos! A true 3 bedroom floorplan gives everyone their own space with large bedrooms and spacious closets, laminate floors throughout (no carpet here), and one of the very few units in the building that comes with 3 parking spaces included so there's even room for everyone to park! Updates done in 2021 include new quartz countertops, backsplash, stainless steel appliances, kithchen and bathroom floor tiles, bathtubs, toilets, mirrors and vanity. Has a lease in place for this upcoming school year and makes a great investment property, or purchase to qualify your student for in-state tuition and rent out the other rooms as income.

At $343/sqft, this home is 12% 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

501 W 26th St #103, Austin, TX 78705

Property Details

Price $415,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,211 sqft
Lot Size 0.02 acres (784.08 sqft)
Year Built 1997
Garage 3 spaces
Stories ,
Type Residential · Condominium
Subdivision Centennial Condo Rev 1997
County Travis
Zip Code 78705
$/sqft $343/sqft
Days on Market ,
HOA $500/Monthly
Annual Tax Est. $8,765.73
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228925607
List Date May 6, 2026
Elementary School Bryker Woods
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.

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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
2505 San Gabriel St #304
Texan Tower Condo Amd
$415,000 $363 2 bd / 2 ba 1,142 sqft , 2026-08-08
2529 Rio Grande St #85
Orange Tree Condominia Amd
$414,900 $360 3 bd / 3 ba 1,152 sqft , 2026-04-02
2505 San Gabriel St #609
Texan Tower Condo Amd
$414,000 $416 3 bd / 2 ba 995 sqft , 2026-04-15
711 W 26th St #700
Piazza Navona Condo
$418,500 $386 2 bd / 2 ba 1,083 sqft , 2026-02-23
2529 Rio Grande St #70
Orange Tree Condominia Amd
$419,000 $396 2 bd / 2 ba 1,057 sqft , 2025-08-22

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
$1,992/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
$83,000
20% conventional investment loan

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

Estimated Gross Rent+$1,992
Principal + Interest−$2,265
Property Tax (~2.1% TX avg)−$726
Insurance (~0.5%)−$173
Est. Monthly Cash Flow $-1,172

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 30, 2026.

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