Active Listing  ·  151 days on market

510 W 18TH St #113

Austin, TX 78701
$489,999
1 Bed 2 Bath 981 sqft $499/sqft Built 1980 0.05 acres 2-Car Garage Pool CHESTNUT SQUARE CONDOMINIUM

Featuring a rare attached two-car garage in the heart of Northwest Downtown Austin, this exceptional corner-unit townhome at Chestnut Square Condos offers a unique combination of space, flexibility, and natural light. Just minutes from the University of Texas and surrounded by major employment hubs, this three-story residence is ideal for those seeking convenience with a lock-and-leave lifestyle. While officially a one-bedroom, the thoughtfully designed layout lives much larger. The second-floor loft provides a perfect space for a home office, lounge, or creative studio, while the third floor features an additional flex area with adjacent storage that can easily be converted into a second bedroom. As a corner unit, the home benefits from enhanced natural light throughout, creating a bright and inviting atmosphere across all levels. Modern touches include linear recessed edge lighting in both the dining area and bedroom, adding a clean, contemporary feel. The attached two-car garage, offers rare convenience and ample storage in this central location. Residents enjoy access to a community pool and hot tub, perfect for relaxing or entertaining. Whether you are looking for a primary residence, a UT-adjacent investment, or a centrally located pied-a-terre, this property offers versatility and value in one of Austins most accessible locations.

At $499/sqft, this home is priced 28% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

510 W 18TH St #113, Austin, TX 78701

Property Details

Price $489,999
Status Active Listing
Beds 1
Full Baths 1
Half Baths 1
Living Area 981 sqft
Lot Size 0.05 acres (1,981.98 sqft)
Year Built 1980
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision CHESTNUT SQUARE CONDOMINIUM
County Travis
Zip Code 78701
$/sqft $499/sqft
Days on Market ,
HOA $400/Monthly
Annual Tax Est. $10,158.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223786993
List Date March 25, 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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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 · March 25, 2026 $499,000
Current ask $489,999
Reduced $9,001 (-1.8%) 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
360 Nueces St #3910
Residential Condo Amd 360
$490,000 $636 1 bd / 1 ba 770 sqft , 2026-06-13
2500 Longview St #418
The Cascade Condominiums
$489,000 $484 2 bd / 2 ba 1,010 sqft , 2026-01-26
2500 Longview St #302
Cascade Condominiums
$494,900 $426 2 bd / 2 ba 1,161 sqft , 2026-07-02
1801 Lavaca St #5D
Cambridge Condo Amd
$485,000 $408 1 bd / 1 ba 1,189 sqft , 2026-01-07
222 West Ave #2809
Seaholm Residences Residential
$485,000 $708 1 bd / 1 ba 685 sqft , 2026-05-07

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
$2,352/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
$98,000
20% conventional investment loan

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

Estimated Gross Rent+$2,352
Principal + Interest−$2,674
Property Tax (~2.1% TX avg)−$857
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,383

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 August 18, 2026.

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