Active Listing  ·  50 days on market

501 W 26th St #121

Austin, TX 78705
$395,000
3 Bed 2 Bath 1,211 sqft $326/sqft Built 1997 0.02 acres 2-Car Garage Pool Centennial Condo Rev 1997

Possibility to help save on tuition with an in-state residence! This freshly painted and thoughtfully updated three-bedroom, two-bathroom one level condominium offers an open floor plan with living room and dining area, balcony, full kitchen, in unit laundry facilities and lots of closet space. There is a gated entrance to the elevator with two nearby reserved garage parking spaces. There is a refreshing centrally located pool with sunning and conversation areas, as well as covered areas to relax. Centennial Condominiums, completed in 1997, stands as a prime example of student-oriented housing in Austin's vibrant West Campus area. Located just one block from the University of Texas at Austin, Centennial Condominiums provides an ideal living situation for students and young professionals alike. The building's proximity to campus, coupled with its array of amenities for shopping and dining, creates an environment that seamlessly blends academic pursuits with comfortable living.

At $326/sqft, this home is 17% 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

501 W 26th St #121, Austin, TX 78705

Property Details

Price $395,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,211 sqft
Lot Size 0.02 acres (797.15 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Centennial Condo Rev 1997
County Travis
Zip Code 78705
$/sqft $326/sqft
Days on Market ,
HOA $499/Monthly
Annual Tax Est. $9,217.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235966902
List Date June 15, 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
1101 Huntridge Dr
Gracywoods Sec 02
$395,000 $250 3 bd / 2 ba 1,580 sqft , 2026-03-14
1800 Lavaca St #A108
Greenwood Towers Amd
$395,000 $307 3 bd / 2 ba 1,288 sqft , 2025-06-01
4913 Single Shot #B Cir
Fort View Hills Sec 01
$395,000 $325 2 bd / 3 ba 1,215 sqft , 2026-01-14
1404 Norwalk Ln #201
Westfield Condominiums
$395,000 $352 2 bd / 2 ba 1,121 sqft , 2026-03-12
13000 Meadowheath Cv
Anderson Mill Village
$395,000 $249 3 bd / 2 ba 1,587 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
$1,896/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
$79,000
20% conventional investment loan

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

Estimated Gross Rent+$1,896
Principal + Interest−$2,156
Property Tax (~2.1% TX avg)−$691
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,116

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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