Active Listing  ·  52 days on market

6900 E Riverside Dr #31

Austin, TX 78741
$270,000
2 Bed 3 Bath 1,312 sqft $206/sqft Built 2009 0.04 acres Pool Arbors At Riverside Condo The

Experience the perfect blend of comfort, convenience, and thoughtful updates this condo has to offer. Ideally located just minutes from Austin-Bergstrom International Airport, Downtown Austin, and some of the city's best dining, shopping, and entertainment destinations, this well-maintained condo offers an unbeatable lifestyle.

Inside, you'll find a spacious layout featuring two generously sized bedrooms, each with its own private full bathroom, plus an additional half bath for guests. The open-concept floor plan seamlessly connects the living area to the kitchen, creating an inviting space for everyday living and entertaining.

Enjoy peace of mind knowing the major updates have already been completed. In 2024, the HVAC system, water heater, and flooring were all replaced, along with a newly constructed rear deck and patio—perfect for relaxing outdoors or hosting. Whether you're searching for a primary residence, lock-and-leave home, or investment opportunity, this move-in-ready condo puts you close to everything Austin has to offer. HOA fee covers water, trash, sewer, and common areas.

At $206/sqft, this home is 47% 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 #31, Austin, TX 78741

Property Details

Price $270,000
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 $206/sqft
Days on Market ,
HOA $300/Monthly
Annual Tax Est. $4,839.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237394765
List Date June 23, 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.

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
12500 Lamppost Ln #17
CAPITAL A CONDOMINIUMS AT LAMPPOST
$270,000 $181 3 bd / 2 ba 1,488 sqft , 2025-10-14
5704 Levenwood Ln
Woodlands Sec 06
$270,000 $224 3 bd / 2 ba 1,207 sqft , 2026-03-18
8921 Stambourne St
Sheldon 230 Sec 02 Ph 05
$270,000 $243 3 bd / 2 ba 1,111 sqft , 2026-06-25
11203 Ranch Road 2222 None #2203
Alicante Condo Twnhms Amd
$270,000 $214 2 bd / 3 ba 1,259 sqft , 2026-07-04
1000 Verbena Dr #1357R
Villas Anderson Mill Condos Unit 1054A Bl
$270,000 $199 3 bd / 2 ba 1,356 sqft , 2026-07-09

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
$1,296/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
$54,000
20% conventional investment loan

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

Estimated Gross Rent+$1,296
Principal + Interest−$1,474
Property Tax (~2.1% TX avg)−$473
Insurance (~0.5%)−$113
Est. Monthly Cash Flow $-764

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 July 2, 2026.

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