Active Listing  ·  141 days on market

715 W 22nd 1/2 St #208

Austin, TX 78705
$329,000
1 Bed 2 Bath 744 sqft $442/sqft Built 1983 0.02 acres 1-Car Garage Pool Georgian Condo

Wonderful opportunity to own a spacious one-bedroom condo in the heart of West Campus, just blocks from the University of Texas at Austin. This well-located unit offers an ideal blend of convenience and investment potential in one of Austin’s most sought-after areas.

The two-story layout features the main living spaces on the first floor, including the living room, dining area, kitchen, fireplace and a convenient half bath. Upstairs, the private primary bedroom includes a full bathroom and a stackable washer and dryer for added ease.

Enjoy walkable access to campus as well as some of UT’s most popular dining and social spots, including Pluckers Wing Bar and Cain & Abel's. Whether heading to class or exploring the neighborhood, the location offers exceptional accessibility with nearby public transportation options.

The unit includes one reserved parking space—an added convenience in this high-demand area.

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

At $442/sqft, this home is priced 12% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

715 W 22nd 1/2 St #208, Austin, TX 78705

Property Details

Price $329,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths 1
Living Area 744 sqft
Lot Size 0.02 acres (888.62 sqft)
Year Built 1983
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Georgian Condo
County Travis
Zip Code 78705
$/sqft $442/sqft
Days on Market ,
HOA $500/Monthly
Annual Tax Est. $5,477.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227777340
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 5, 2026 $349,000
Previous ask $339,000
Current ask $329,000
Reduced $20,000 (-5.7%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
910 W 25th St #209
Galileo At 25 Condo
$329,000 $457 1 bd / 1 ba 720 sqft , 2026-06-05
1115 10th St #209
10th Street Condos
$325,000 $407 1 bd / 1 ba 798 sqft , 2026-09-17
2216 San Gabriel St #105
Somerset Condo
$324,900 $400 2 bd / 2 ba 813 sqft , 2026-04-02
2802 Nueces St #101
Wedgewood Condo
$324,900 $368 2 bd / 2 ba 882 sqft , 2026-04-16
712 W 21st St #303
Palladian Condo
$324,900 $359 2 bd / 2 ba 906 sqft , 2026-04-17

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
$1,579/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
$65,800
20% conventional investment loan

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

Estimated Gross Rent+$1,579
Principal + Interest−$1,795
Property Tax (~2.1% TX avg)−$576
Insurance (~0.5%)−$137
Est. Monthly Cash Flow $-929

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 18, 2026.

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