About This Home

Welcome to this well-located one-bedroom condominium at Centennial, just a three-minute walk to the University of Texas. This gated community offers secure underground parking with one reserved space for added convenience. The unit features an in-home washer and dryer, making everyday living easy and efficient. Ideal for students, faculty, or professionals seeking comfort, security, and unbeatable proximity to campus.

At $460/sqft, this home is priced 18% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

501 W 26th St #304, Austin, TX 78705

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Property Details

Price $289,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 630 sqft

Lot Size 0.01 acres (348.48 sqft)

Year Built 1997

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Centennial Condo Rev 1997

County Travis

Zip Code 78705

$/sqft $460/sqft

Days on Market ,

HOA $227/Monthly

Annual Tax Est. $5,181.13

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT242940389

List Date August 10, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

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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

2901 San Jacinto Blvd #306
Oakview Condo $289,900 $460 1 bd / 1 ba 630 sqft , 2026-06-18

2802 Nueces St #303
Wedgewood Condo $290,000 $401 2 bd / 1 ba 723 sqft , 2026-03-13

3111 Tom Green St #208
Heritage Condo Amend $290,000 $362 2 bd / 2 ba 802 sqft , 2026-04-04

12811 Copper Cliff Ave #B
Lamplight West $290,000 $347 2 bd / 1 ba 835 sqft , 2026-07-27

300 Crockett St #114
Courtyard Condo Amd $294,500 $346 2 bd / 1 ba 851 sqft , 2026-04-11

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

$1,392/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

$57,980

20% conventional investment loan

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

Estimated Gross Rent+$1,392

Principal + Interest−$1,582

Property Tax (~2.1% TX avg)−$507

Insurance (~0.5%)−$121

Est. Monthly Cash Flow $-818

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

About the Author

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 August 11, 2026.

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

501 W 26th St #304

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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