About This Home

Minutes from UT!! Prime location, just blocks from campus. Perfect for an investor. Lease in place July 2026-July 2027 $1400 a month. 2 bedroom/1 full bath in 2 story condo community. Kitchen features stainless range & microwave. Refrigerator stays. Laundry closet with washer & Dryer convey with property. Carpet free condo with tile floors in common space and wood look floors in bedrooms. Fenced backyard off kitchen and bedroom. Beautiful front courtyard with Heritage Oak tree. 2 assigned parking spots, marked 101.

At $348/sqft, this home is 11% 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

708 Graham Pl #101, Austin, TX 78705

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Property Details

Price $255,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 732 sqft

Lot Size 0.02 acres (1,014.95 sqft)

Year Built 1982

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Graham Place Condo Amd

County Travis

Zip Code 78705

$/sqft $348/sqft

Days on Market ,

HOA $248/Monthly

Annual Tax Est. $6,270.5

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT222704904

List Date March 16, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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

2210 Pearl St #304
Pearl At 22 01 02 Condo $255,000 $497 2 bd / 1 ba 513 sqft , 2026-01-07

3004 Speedway Ave #2
Gateway Condo $254,900 $455 1 bd / 1 ba 560 sqft , 2026-04-01

3001 Cedar St #209
Benchmark Condo Amd $254,900 $372 1 bd / 1 ba 685 sqft , 2026-04-01

1800 Lavaca St #A508
Greenwood Towers Amd $259,000 $302 2 bd / 1 ba 857 sqft , 2026-04-18

1304 Mariposa Dr #206
Travis Green Condo $259,000 $322 2 bd / 1 ba 804 sqft , 2026-03-22

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

$1,224/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

$51,000

20% conventional investment loan

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

Estimated Gross Rent+$1,224

Principal + Interest−$1,392

Property Tax (~2.1% TX avg)−$446

Insurance (~0.5%)−$106

Est. Monthly Cash Flow $-720

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

708 Graham Pl #101

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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