Active Listing  ·  150 days on market

501 W 26th St #306

Austin, TX 78705
$370,000
2 Bed 2 Bath 1,040 sqft $356/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 two-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. Beautiful hardwood floors adorn this unit. 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 $356/sqft, this home is 9% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

501 W 26th St #306, Austin, TX 78705

Property Details

Price $370,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,040 sqft
Lot Size 0.02 acres (670.82 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Centennial Condo Rev 1997
County Travis
Zip Code 78705
$/sqft $356/sqft
Days on Market ,
HOA $420/Monthly
Annual Tax Est. $7,954.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235968228
List Date June 15, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Bryker Woods · O Henry · Austin

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 15, 2026 $405,000
Previous ask $375,000
Current ask $370,000
▼ Reduced $35,000 (-8.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2500 Longview St #219
Cascade Condos
$370,000 $521 1 bd / 1 ba 710 sqft , 2026-06-07
2502 Leon St #508
Texan Shoal Creek
$369,000 $356 3 bd / 2 ba 1,036 sqft , 2026-08-06
2502 Leon St #200
Texan Shoal Creek
$371,900 $336 2 bd / 2 ba 1,108 sqft , 2026-08-13
1200 Enfield Rd #106
The Miriam Residences
$367,500 $525 1 bd / 1 ba 700 sqft , 2026-08-11
501 W 26th St #108
Centennial Condo Rev 1997
$360,000 $346 2 bd / 2 ba 1,040 sqft , 2026-07-06

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
$1,776/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
$74,000
20% conventional investment loan

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

Estimated Gross Rent+$1,776
Principal + Interest−$2,019
Property Tax (assumed ~2.1%)−$648
Insurance (assumed ~0.5%)−$154
Est. Monthly Cash Flow $-1,045

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 · 41 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. The written content was last updated on October 7, 2026.

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

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