About This Home

Located in the heart of West Campus, this beautifully updated condo is just a five-minute walk from the University of Texas. The unit features vinyl wood flooring throughout, an updated kitchen, and soaring vaulted ceilings that create a bright, open feel. Both bedrooms include ceiling fans for added comfort. Enjoy the convenience of an elevator, gated access, a resort-style pool, and two underground parking spaces—a rare find in this area. Ideal for students, professionals, or investors seeking prime location and modern amenities near UT.

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 #323, Austin, TX 78705

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Property Details

Price $394,900

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,211 sqft

Lot Size 0.02 acres (784.08 sqft)

Year Built 1997

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Centennial Condo Rev 1997

County Travis

Zip Code 78705

$/sqft $326/sqft

Days on Market ,

HOA $420/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT217187370

List Date January 22, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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

2709 E 5th St #2203
58EAS $395,000 $395 1 bd / 1 ba 1,000 sqft , 2026-03-13

1800 Lavaca St #A108
Greenwood Towers Amd $395,000 $307 3 bd / 2 ba 1,288 sqft , 2025-06-01

2205 N Lamar Blvd #113
Caswell Lofts Condo $395,000 $478 1 bd / 1 ba 826 sqft , 2026-02-17

4913 Single Shot #B Cir
Fort View Hills Sec 01 $395,000 $325 2 bd / 3 ba 1,215 sqft , 2026-01-14

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

$78,980

20% conventional investment loan

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

Estimated Gross Rent+$1,896

Principal + Interest−$2,155

Property Tax (~2.1% TX avg)−$691

Insurance (~0.5%)−$165

Est. Monthly Cash Flow $-1,115

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

501 W 26th St #323

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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