Active Listing  ·  91 days on market

715 W 22nd 1/2 St #204

Austin, TX 78705
$319,000
2 Bed 1 Bath 682 sqft $468/sqft Built 1983 0.02 acres 2-Car Garage Pool Georgian Condo

Wonderful opportunity to own a condo in the heart of West Campus, just blocks from the University of Texas at Austin. This well-located two-bedroom unit offers an ideal combination of convenience and investment potential. The functional floor plan features a spacious living area, full kitchen, and dedicated dining space, with the kitchen opening seamlessly to the dining area and private balcony.

Additional highlights include a cozy fireplace, wood and tile flooring, and a Jack-and-Jill bathroom with a stackable washer and dryer. The condo also includes two reserved parking spaces—an exceptional perk in this highly sought-after area.

Enjoy walkable access to some of UT’s most popular spots, including Pluckers Wing Bar and Cain & Abel's, along with countless dining, coffee, and entertainment options. Walk or bike to campus, or take advantage of nearby public transportation.

Currently tenant-occupied with a lease in place through the end of July, and tenants open to renewal, this property presents a strong turnkey investment opportunity. Alternatively, secure now for future owner occupancy for the 2026–2027 school year. Please contact the listing agent for lease terms and current rental income.

At $468/sqft, this home is priced 20% 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

715 W 22nd 1/2 St #204, Austin, TX 78705

Property Details

Price $319,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 682 sqft
Lot Size 0.02 acres (810.22 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Georgian Condo
County Travis
Zip Code 78705
$/sqft $468/sqft
Days on Market ,
HOA $470/Monthly
Annual Tax Est. $5,084.66
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227774484
List Date May 5, 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
4802 S Congress Ave #215
The Bend Condominium
$319,000 $510 1 bd / 1 ba 625 sqft , 2026-03-27
3309 Grooms St #208
Escala At 34th Condo
$319,000 $365 2 bd / 1 ba 873 sqft , 2026-05-21
3601 Menchaca Rd #118
Sanctuary
$319,900 $352 2 bd / 2 ba 908 sqft , 2026-05-21
2220 Webberville Rd #216
Axiom East Condos
$320,000 $441 1 bd / 1 ba 725 sqft , 2026-05-15
1320 Robert Browning St #408
Greenway Lofts Condo
$320,000 $581 1 bd / 1 ba 551 sqft , 2026-06-25

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
$1,531/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
$63,800
20% conventional investment loan

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

Estimated Gross Rent+$1,531
Principal + Interest−$1,741
Property Tax (~2.1% TX avg)−$558
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-901

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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