Active Listing  ·  74 days on market

6900 E Riverside Dr #12

Austin, TX 78741
$275,000
2 Bed 3 Bath 1,312 sqft $210/sqft Built 2009 0.04 acres Pool Arbors At Riverside Condo The

Lowest priced unit in the community! Introducing a fantastic investment opportunity with this well-designed two-bedroom, two-and-a-half-bath condo, complete with a back deck, a balcony off one of the bedrooms, and reserved parking. Perfectly set up for roommates, the home features two true master suites, each with its own full bath—no sharing necessary! All sleeping quarters are separated from the main living areas, making it ideal for entertaining while still offering privacy and comfort for everyone. Located in a gated, close-knit community, the complex is conveniently near Austin-Bergstrom International Airport, downtown Austin, and offers easy access for college students commuting to campus. Plus, exterior renovations are nearly complete, giving the complex a fresh, modern aesthetic. With its unbeatable price, smart layout, and prime location, this condo is a rare find with strong investor potential or a perfect place to call home. Don’t miss out!

At $210/sqft, this home is 46% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

6900 E Riverside Dr #12, Austin, TX 78741

Property Details

Price $275,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,312 sqft
Lot Size 0.04 acres (1,916.64 sqft)
Year Built 2009
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Arbors At Riverside Condo The
County Travis
Zip Code 78741
$/sqft $210/sqft
Days on Market ,
HOA $300/Monthly
Annual Tax Est. $4,839.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232158034
List Date June 1, 2026
Elementary School Hillcrest
Middle School Dailey
High School Del Valle
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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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
7608 Cayenne Ln
Riverside Meadows Sec 02
$275,000 $229 3 bd / 2 ba 1,203 sqft , 2026-06-22
1212 Lily Ter #2
Country Club Gardens
$274,900 $253 2 bd / 3 ba 1,088 sqft , 2026-07-29
6900 E Riverside Dr #31
Arbors At Riverside Condo The
$270,000 $206 2 bd / 3 ba 1,312 sqft , 2026-06-23
1101 Grove Blvd #208
Townhomes At Riverside Grove
$280,000 $267 2 bd / 3 ba 1,048 sqft , 2026-06-04
1101 Grove Blvd #306
Townhomes At Riverside Grove
$269,000 $222 2 bd / 3 ba 1,214 sqft , 2026-04-14

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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 6, 2026.

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