About This Home

Location! This 2 bedroom, 2 bathroom condo offers a great roommate layout, private bathrooms, and walk-in closets and more. New flooring, a new A/C, low flow toilets, and a new range. This small, shady complex offers parking on site and is within walking distance to the UT campus and bus stops, Kerbey Lane Cafe, and the Shoal Creek Greenbelt! W/D in complex

At $337/sqft, this home is 14% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

803 W 28th St #202, Austin, TX 78705

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Property Details

Price $231,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 685 sqft

Lot Size 0.02 acres (914.76 sqft)

Year Built 1962

Garage ,

Stories ,

Type Residential · Condominium

Subdivision San Pedro Oaks Condo

County Travis

Zip Code 78705

$/sqft $337/sqft

Days on Market ,

HOA $312/Monthly

Annual Tax Est. $5,983.64

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT232477973

List Date June 3, 2026

Elementary School Brentwood

Middle School Lamar (Austin ISD)

High School McCallum

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

803 W 28th St #206
San Pedro Oaks Condo $231,000 $330 2 bd / 2 ba 699 sqft , 2026-06-17

1106 W 22nd St #1
1106 W 22nd Street Condo $230,000 $350 1 bd / 1 ba 658 sqft , 2026-04-14

803 W 28th St #103
San Pedro Oaks Condo $230,000 $329 2 bd / 2 ba 699 sqft , 2026-05-13

1200 E 52nd St #209
52 MUELLER CONDOMINIUMS $229,999 $317 2 bd / 1 ba 725 sqft , 2026-04-30

923 E 41st St #102
Dure Len C $229,900 $255 2 bd / 1 ba 900 sqft , 2026-05-04

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

$1,109/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

$46,200

20% conventional investment loan

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

Estimated Gross Rent+$1,109

Principal + Interest−$1,261

Property Tax (~2.1% TX avg)−$404

Insurance (~0.5%)−$96

Est. Monthly Cash Flow $-652

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

803 W 28th St #202

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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