Active Listing  ·  137 days on market

641 W 31st 1/2 St

Austin, TX 78705
$425,000
2 Bed 2 Bath 1,008 sqft $422/sqft Built 1981 0.04 acres 1-Car Garage Pool Kings Row Condo

Charming 2-bedroom, 1.5-bath condo in an unbeatable central location! Tucked within an intimate community of just six units, this property offers a rare blend of privacy and convenience, surrounded by established single-family homes. Enjoy easy access to The University of Texas, shopping, dining, and everyday essentials-all just minutes away. The functional layout provides comfortable living with spacious bedrooms and a well-appointed main living area, making it ideal for both homeowners and investors alike. Whether you’re looking for a low-maintenance lifestyle or a smart addition to your portfolio, this condo checks all the boxes. Opportunities like this are hard to find-don’t miss your chance to own in this highly desirable location!

At $422/sqft, this home is priced 8% 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

641 W 31st 1/2 St, Austin, TX 78705

Property Details

Price $425,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,008 sqft
Lot Size 0.04 acres (1,611.72 sqft)
Year Built 1981
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Kings Row Condo
County Travis
Zip Code 78705
$/sqft $422/sqft
Days on Market ,
HOA $325/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222998821
List Date March 20, 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.

Schedule a Call →

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
1615 E 7th St #208
1615 East 7th Condos
$425,000 $416 1 bd / 1 ba 1,022 sqft , 2026-02-24
2216 Thornton Rd #431
Carriage Park Condo
$425,000 $355 1 bd / 1 ba 1,196 sqft , 2026-04-04
3311 Hollywood Ave
University Park
$425,000 $496 1 bd / 1 ba 856 sqft , 2026-02-06
8207 Lazy Ln
Wooten Park Sec 03
$425,000 $359 3 bd / 2 ba 1,184 sqft , 2026-05-19
606 W Lynn St #13
West End Condo Amd
$425,000 $456 1 bd / 1 ba 933 sqft , 2026-05-14

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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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