Active Listing  ·  69 days on market

935 La Posada Dr #131

Austin, TX 78752
$149,500
1 Bed 1 Bath 515 sqft $290/sqft Built 1980 0.02 acres Pool Flats/935 Condos Bldg 3

Awesome opportunity to own a recently renovated condo in the heart of East Austin, offering an unbeatable combination of affordability, modern style, and convenience. This ground-floor unit features an open-concept layout with a kitchen that flows seamlessly into the living area, creating a bright and functional space perfect for everyday living. Recent renovations provide a fresh, contemporary feel, making this home truly move-in ready. Step outside to enjoy your own private balcony, an ideal spot for morning coffee or unwinding after a long day. The condo also includes assigned parking and comes complete with all appliances, including a washer and dryer, adding exceptional value and convenience. Residents enjoy access to desirable community amenities including a pool, fitness center, and lounge areas, enhancing the low-maintenance lifestyle. Conveniently located near ACC, H-E-B, Pappasito’s, and major highways including I-35 and Highway 290, this home provides easy access to downtown Austin, employers, dining, shopping, and entertainment. Whether you're a first-time buyer, student, investor, or anyone seeking affordable city living, this condo offers an incredible opportunity in one of Austin’s most accessible locations. Condo is available furnished and has been leased as a furnished rental previously.

At $290/sqft, this home is 26% 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

935 La Posada Dr #131, Austin, TX 78752

Property Details

Price $149,500
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 515 sqft
Lot Size 0.02 acres (1,067.22 sqft)
Year Built 1980
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Flats/935 Condos Bldg 3
County Travis
Zip Code 78752
$/sqft $290/sqft
Days on Market ,
HOA $280/Monthly
Annual Tax Est. $3,041.92
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232361112
List Date June 6, 2026
Elementary School Pickle
Middle School Webb
High School Northeast Early College
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
909 Reinli St #232
Verandas At Uptown Condo
$149,900 $258 1 bd / 1 ba 582 sqft , 2026-04-09
935 La Posada Dr #144
Flats at 935 Condos
$150,000 $284 1 bd / 1 ba 528 sqft , 2026-04-15
909 Reinli St #240
Verandas at Uptown
$156,400 $258 1 bd / 1 ba 607 sqft , 2026-05-30
935 La Posada Dr #142
La Costa
$130,000 $246 1 bd / 1 ba 528 sqft , 2025-08-21
935 La Posada Dr #115
Flats/935 Condos
$130,000 $246 1 bd / 1 ba 528 sqft , 2026-06-24

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
$718/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
$29,900
20% conventional investment loan

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

Estimated Gross Rent+$718
Principal + Interest−$816
Property Tax (~2.1% TX avg)−$262
Insurance (~0.5%)−$62
Est. Monthly Cash Flow $-422

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 July 1, 2026.

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