Active Listing  ·  153 days on market

900 S 1st St #320

Austin, TX 78704
$220,000
1 Bed 1 Bath 498 sqft $442/sqft Built 2018 0.01 acres 1-Car Garage Pool 900 S 1st St Condos

Enjoy an active urban lifestyle from this place located in The Frank - contemporary mid-rise community in the heart of the "04" offering an unmatched South Austin lifestyle with top-tier amenities including a dog wash station, on-site gym, co-working spaces, ground-floor retail, a second-floor resident lounge with BBQ grills, EV charging, and solar panels that help keep utility bills remarkably low. Unit 320 is a modern retreat set among the treetops, where clean architecture meets warm organic design. The open-concept living area is filled with natural light from floor-to-ceiling windows and extends seamlessly to a private balcony, ideal for morning coffee or evening relaxation. Designer finishes and sleek cabinetry enhance the well-appointed kitchen, and the home is move-in ready with washer, dryer, and refrigerator included. A dedicated parking spot with its own EV charger adds everyday convenience. The Frank’s thoughtful amenities also include a beautifully landscaped courtyard and multiple lounge areas designed for both relaxation and connection. Located in the highly desirable Bouldin Creek neighborhood, this residence offers walkable access to South Congress, Auditorium Shores, Lady Bird Lake, and some of Austin’s best dining and entertainment. Stroll to local favorites such as Bouldin Creek Cafe, Elizabeth Street Cafe, Odd Duck, Aba, and Terry Black’s, or explore boutique shopping and nearby parks. With co-working spaces on-site, the community is ideal for seamless work-from-home living while staying connected to the vibrant city energy. Blending tranquility with convenience, Unit 403 at The Frank delivers the very best of South Austin living — a stylish urban escape with everything you need right at your doorstep. Must be homestead. Affordable housing. Ask agent for details!

At $442/sqft, this home is priced 13% 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

900 S 1st St #320, Austin, TX 78704

Property Details

Price $220,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 498 sqft
Lot Size 0.01 acres (313.63 sqft)
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 900 S 1st St Condos
County Travis
Zip Code 78704
$/sqft $442/sqft
Days on Market ,
HOA $264/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221329062
List Date March 4, 2026
Elementary School Becker
Middle School Lively
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
910 Duncan Ln #11
Pointe Condo Amd
$220,000 $361 1 bd / 1 ba 609 sqft , 2026-05-04
2207 Leon St #202
Peterson
$220,000 $400 1 bd / 1 ba 550 sqft , 2026-05-06
2207 Leon St #104
Peterson
$220,000 $440 1 bd / 1 ba 500 sqft , 2026-05-06
2714 Nueces St #108
Nueces Corner Condo Amd
$220,000 $550 1 bd / 1 ba 400 sqft , 2026-06-01
2802 Nueces St #306
Wedgewood Condo
$222,000 $597 1 bd / 1 ba 372 sqft , 2026-05-16

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
$1,056/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
$44,000
20% conventional investment loan

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

Estimated Gross Rent+$1,056
Principal + Interest−$1,201
Property Tax (~2.1% TX avg)−$385
Insurance (~0.5%)−$92
Est. Monthly Cash Flow $-622

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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