Active Listing  ·  155 days on market

915 W 22nd 1/2 St #202

Austin, TX 78705
$275,000
2 Bed 2 Bath 796 sqft $345/sqft Built 1984 0.02 acres Pool Savannah Condo

Situated in the highly sought-after 78705 zip code, this 2-bedroom, 2-bath condo offers 796 square feet of smartly designed living space just moments from the University of Texas and downtown Austin. The functional floor plan maximizes every square foot, with an open living and dining area that flows seamlessly into a well-equipped kitchen featuring electric appliances.

Both the primary suite and secondary bedroom showcase wood flooring, adding warmth and durability to the private living spaces. Each bedroom is paired with its own full bath, providing flexibility for roommates, guests, or a home office setup.

Enjoy the ease of low-maintenance living with HOA-managed landscaping, allowing more time to take advantage of nearby shopping, dining, entertainment, and campus activities. Whether you're looking for a primary residence, game-day retreat, or investment opportunity in a prime central Austin location, this condo delivers convenience and strong rental appeal.

At $345/sqft, this home is 12% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

915 W 22nd 1/2 St #202, Austin, TX 78705

Property Details

Price $275,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 796 sqft
Lot Size 0.02 acres (849.42 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Savannah Condo
County Travis
Zip Code 78705
$/sqft $345/sqft
Days on Market ,
HOA $350/Monthly
Annual Tax Est. $6,167.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219247288
List Date March 11, 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.

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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 · March 11, 2026 $308,000
Previous ask $290,000
Current ask $275,000
Reduced $33,000 (-10.7%) 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
3018 S 1st St #112
Loft Condo Amd The
$275,000 $361 2 bd / 1 ba 761 sqft , 2025-08-20
901 W 9th St #217
Nokonah Condo Amd
$275,000 $519 1 bd / 1 ba 530 sqft , 2026-03-25
1403 Alma Dr
Copperfield Sec 01 Ph D
$275,000 $256 3 bd / 1 ba 1,074 sqft , 2026-03-23
923 E 41st St #105
Dure Len C
$275,000 $268 2 bd / 2 ba 1,027 sqft , 2026-06-10
3009 Speedway None #2
Allison Laura L Resub
$275,000 $399 2 bd / 1 ba 689 sqft , 2026-06-30

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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 13, 2026.

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