Active Listing  ·  48 days on market

803 W 28th St #206

Austin, TX 78705
$231,000
2 Bed 2 Bath 699 sqft $330/sqft Built 1962 0.02 acres 2-Car Garage Pool San Pedro Oaks Condo

**Freshly updated 2-bedroom, 2-bathroom condo just steps from UT, with onsite parking available.** This well-maintained unit features fresh interior paint in a neutral color palette, new bathroom vanities and plumbing fixtures, a brand-new cooking range, and a new refrigerator coming soon. The spacious layout includes private bathrooms, walk-in closets, granite kitchen countertops, and no carpet throughout. The living room and one bedroom are equipped with ceiling fans for added comfort.

Nestled in a complex that offers abundant shade, outdoor seating areas, and ample parking. Enjoy a highly walkable location near the UT campus, bus stops, Kerbey Lane Cafe, and the Shoal Creek Greenbelt. Community laundry facilities are conveniently located onsite.

At $330/sqft, this home is 16% 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 #206, Austin, TX 78705

Property Details

Price $231,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 699 sqft
Lot Size 0.02 acres (914.76 sqft)
Year Built 1962
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision San Pedro Oaks Condo
County Travis
Zip Code 78705
$/sqft $330/sqft
Days on Market ,
HOA $283/Monthly
Annual Tax Est. $5,998.57
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236710778
List Date June 17, 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
803 W 28th St #202
San Pedro Oaks Condo
$231,000 $337 2 bd / 2 ba 685 sqft , 2026-06-03
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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →