Active Listing  ·  147 days on market

5601 Woodrow Ave

Austin, TX 78756
$238,900
1 Bed 1 Bath 620 sqft $385/sqft Built 1968 0.04 acres Pool Woodrow Place Twnhms

Bright corner place off Burnet, where the city hums a little louder and the trees still bother to throw shade. People argue about the best street in Austin. Burnet doesn’t argue back. It just keeps serving.

This is a one-bedroom that catches the light like it’s owed something. Corner unit, the sun comes in from angles you didn’t know you needed. High ceilings, a skylight cutting open the day, hardwood and tile underfoot, quartz where it counts. Someone took the time to make it sharp without making it loud.

Layout doesn’t waste words or space. Living and dining stretch out easy. Kitchen’s got a bar where conversations start and sometimes end. Bedroom’s big enough to breathe, with a walk-in closet that doesn’t play games.

Look out and you get the pool, the courtyard, and a little quiet that feels borrowed from somewhere else in the city. Not silence but just enough calm to notice it.

Everything you need is already here and it’s staying here too. Washer, dryer, refrigerator, a range that hasn’t lived a hard life. You walk in, you’re home. Or you rent it out and let someone else tell their story.

The place itself got a fresh coat recently. New roof, new paint, no drama. FHA approved, if you care about such things.

Step outside and you’re on the line. Buses to UT, runs downtown, MoPac close enough to matter but not close enough to ruin your morning. The Domain up the road. The rest of Austin circling.

It’s bright. It’s quiet. It’s right where it ought to be. Burnet nearby, doing what it does.

At $385/sqft, this home is 2% 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

5601 Woodrow Ave, Austin, TX 78756

Property Details

Price $238,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 620 sqft
Lot Size 0.04 acres (1,860.01 sqft)
Year Built 1968
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Woodrow Place Twnhms
County Travis
Zip Code 78756
$/sqft $385/sqft
Days on Market ,
HOA $300/Monthly
Annual Tax Est. $2.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221963159
List Date March 10, 2026
Elementary School Brentwood
Middle School Lamar (Austin ISD)
High School McCallum
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.

Schedule a Call →

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 10, 2026 $268,500
Previous ask $248,900
Current ask $238,900
Reduced $29,600 (-11.0%) 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
1800 E 4th St #223
Fourth & Condos
$239,000 $467 1 bd / 1 ba 512 sqft , 2026-03-02
6409 Burns St #107
Burns Street Condominiums
$239,000 $288 2 bd / 2 ba 829 sqft , 2026-04-09
2311 W Nueces St #301
Stones Throw Condo
$239,000 $382 1 bd / 1 ba 626 sqft , 2026-07-08
1313 E 52nd St #202
1313 Condos
$239,900 $407 1 bd / 1 ba 590 sqft , 2025-08-25
605 E 55 th None #2
Highlands
$240,000 $420 2 bd / 2 ba 572 sqft , 2025-11-14

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
$1,147/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
$47,780
20% conventional investment loan

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

Estimated Gross Rent+$1,147
Principal + Interest−$1,304
Property Tax (~2.1% TX avg)−$418
Insurance (~0.5%)−$100
Est. Monthly Cash Flow $-675

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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