Active Listing  ·  13 days on market

601 Nelray Blvd #6

Austin, TX 78751
$274,000
2 Bed 2 Bath 695 sqft $394/sqft Built 1985 0.04 acres Pool Nelray Place Condo Amd

Fully renovated North Loop area condo offering a modern interior in one of Central Austin’s most vibrant and connected neighborhoods. This stylish 2-bedroom, 2-bath residence features an open, refreshed feel with new luxury vinyl plank and ceramic tile flooring, quartz countertops, stainless steel appliances, recessed lighting, updated fixtures throughout, and high-efficiency Marvin windows that bring in abundant natural light.

Impressive improvements continue throughout, including updated bathrooms, all new interior finishes, contemporary hardware, and more. Step outside to a private covered balcony with cedar decking, your own private space for morning coffee, evening drinks, or simply unwinding outdoors. Two reserved parking spaces add everyday convenience.

Located in the heart of the North Loop, the condo is within walking distance of neighborhood shops, restaurants, coffeehouses, and entertainment. ACC Highland Campus, Highland Station MetroRail, Crestview, The Triangle, UT Austin, and the UT Intramural Fields are all nearby, with easy access to H-E-B and the popular dining and entertainment destinations along Burnet Road.

Modern and exceptionally well-located, this condo offers the best of the Central Austin lifestyle.

At $394/sqft, this home is priced in line with the Austin market average of $390/sqft across 4,687 active listings. View Austin market report →

Location

601 Nelray Blvd #6, Austin, TX 78751

Property Details

Price $274,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 695 sqft
Lot Size 0.04 acres (1,642.21 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Nelray Place Condo Amd
County Travis
Zip Code 78751
$/sqft $394/sqft
Days on Market ,
HOA $298/Monthly
Annual Tax Est. $3,894.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241714547
List Date July 31, 2026
Elementary School Reilly
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 · July 31, 2026 $275,000
Current ask $274,000
Reduced $1,000 (-0.4%) 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
1133 Saucedo St
Springdale Add
$274,900 $391 2 bd / 1 ba 703 sqft , 2026-08-13
3018 S 1st St #112
Loft Condo Amd The
$275,000 $361 2 bd / 1 ba 761 sqft , 2025-08-20
901 W 9th St #217
Nokonah Condo Amd
$275,000 $519 1 bd / 1 ba 530 sqft , 2026-03-25
915 W 22nd 1/2 St #202
Savannah Condo
$275,000 $345 2 bd / 2 ba 796 sqft , 2026-03-11
3009 Speedway None #2
Allison Laura L Resub
$275,000 $399 2 bd / 1 ba 689 sqft , 2026-06-30

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
$1,315/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
$54,800
20% conventional investment loan

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

Estimated Gross Rent+$1,315
Principal + Interest−$1,495
Property Tax (~2.1% TX avg)−$480
Insurance (~0.5%)−$114
Est. Monthly Cash Flow $-774

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 13, 2026.

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