Active Listing  ·  124 days on market

84 East Ave #1503

Austin, TX 78701
$650,000
2 Bed 2 Bath 969 sqft $671/sqft Built 2024 0.00 acres 1-Car Garage Pool VESPER Zoppp Add

Exquisite two-bedroom condominium in the newly constructed Vesper, located in the vibrant Rainey Street district. This 969 sqft, B2 floor plan, faces north, offering stunning views of downtown Austin. This condo comes equipped with Bosch stainless steel appliances, Samsung washer and dryer as well as one dedicated parking space.

Indulge in sophisticated interiors and curated finishes that embody modern elegance. Residents enjoy access to top-tier amenities, including a rooftop pool, state-of-the-art fitness studio, and 24-hour concierge services. Experience unparalleled city living with dining, entertainment, and cultural attractions right at your doorstep. Leasing permitted with simple permit purchase, offering added flexibility for owners and investors.

At $671/sqft, this home is priced 72% 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

84 East Ave #1503, Austin, TX 78701

Property Details

Price $650,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 969 sqft
Lot Size 0.00 acres (74.05 sqft)
Year Built 2024
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision VESPER Zoppp Add
County Travis
Zip Code 78701
$/sqft $671/sqft
Days on Market ,
HOA $766/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224103213
List Date April 2, 2026
Elementary School Mathews
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.

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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
9604 Thaxton Rd
Williams Sub
$650,000 $683 3 bd / 2 ba 952 sqft , 2026-02-13
48 East Ave #2004
Natiivo
$650,000 $728 1 bd / 1 ba 893 sqft , 2025-10-03
1106 Arcadia Ave
West View Heights
$650,000 $630 2 bd / 2 ba 1,031 sqft , 2026-05-14
313 W 17th St #1202
Linden Condos
$650,000 $772 1 bd / 1 ba 842 sqft , 2026-06-05
3014 Hemphill Park
Aldridge Place
$650,000 $697 2 bd / 1 ba 933 sqft , 2026-06-26

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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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