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Days32Days on Market
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$325,000

2801 Rio Grande St Apt 308, Austin, TX, 78705

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths832 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$390.63 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesCooktop, Dishwasher, Disposal, Oven, Refrigerator, Washer/Dryer Stacked
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Uncovered Courtyard
Lot Size1,080 sqft

Building Information

Year Built1981
Stories1
Roof Type105

Land Information

APN02150212010036
Lot Number304
SubdivisionParapet Condominiums The
Land UseCondominiums
Legal DescriptionUNT 308 PARAPET CONDOMINIUMS THE PLUS 3.7037% INTEREST IN COMMON AREA
Census Tract000606
Assessed Land Value$107,933
Assessed Improvement Value$184,969
Assessment Year2025

About this property

Welcome to this charming top-floor condo in the heart of West Campus! Located at 2801 Rio Grande St, this spacious 2-bedroom, 2-bath unit features 2 assigned parking spots and stacked washer and dryer. It offers the perfect blend of comfort, convenience, and character just minutes from UT Austin, Guadalupe, downtown Austin, and countless dining, coffee, and entertainment options. Inside, you’ll find vaulted and beamed ceilings, abundant natural light, and a living and dining area that feels bright and inviting. The kitchen features a breakfast bar, ample cabinet storage, a pantry, and an easy flow into the main living space—perfect for everyday living or entertaining. Step through french doors onto a private balcony. Both bedrooms are generously sized with high ceilings, large windows, and great closet space. The community itself features brick exterior, mature oak trees, and a peaceful central courtyard with seating areas that create a quiet retreat in the middle of west campus.

Investor Tools

Property Icon
$320,000
Estimated Property Value
$0Estimated Mortgage Balance
$320,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Barbara Shallue

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$581/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,377
$292,902
2025
$107,933
$184,969
$292,902
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,377
$292,902

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$320,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$225/mo
+$1,765/mo
7.5%

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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2801 Rio Grande St Apt 308 | Property Details | No Agent List