2801 Rio Grande

Austin, TX 78705

$310,000

2 beds
2 baths
832 sq ft
0.02 acres
Built 1981

Listed by Intege Realty LLC · MLS #ACT1794740

2801 Rio Grande, Austin, TX 78705 — photo 1

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Washer, dryer, living room couch, and dining table set can convey.

Year built

Built in 1981.

Property size

0.02 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Updated 2 bed / 2 full bath condo in prime West Campus with TWO deeded parking spaces—one covered and one uncovered—and walking distance to UT. Ideally located between popular undergraduate and graduate student areas, just a short walk to Guadalupe St, dining, and transit.

This second-floor unit in a low-rise 3-story complex offers two balconies, a dedicated dining area, and abundant natural light throughout. Some units with this same floor plan have converted the dining area into a third bedroom—offering added flexibility and upside potential.

Both bedrooms are generously sized with excellent storage. The primary bedroom features a walk-in closet plus an additional shelving closet, while the second bedroom includes a standard closet and a shelving closet. Ceiling fans in both bedrooms, living, and dining areas.

Major updates already completed: HVAC replaced in 2021 (original system ~40 years old), along with a 2025 dishwasher and garbage disposal, and 2023 quartz kitchen countertops and second bath vanity with new faucet. In 2023, the HOA replaced the roof and carport structures—further reducing future maintenance concerns.

Washer, dryer, living room couch, and dining table set can convey. Low HOA dues at $225/month. Ideal for student housing, owner-occupant use, or investment with low expected maintenance costs going forward. ALSO LISTED FOR RENT $1795/m

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THE NEIGHBORHOOD

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2801 Rio Grande, Austin, TX 78705

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THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1981
Full baths: 2
Half baths: 0
Garage spaces: 0
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Refrigerator, Washer/Dryer Stacked
Flooring: Tile, Vinyl
Fencing: None
Accessibility: None
Pool features: None
Subdivision: Parapet Condo
Parcel: 02150212010022
HOA: Parapet Condo
HOA amenities: Common Area Maintenance
HOA fee frequency: Monthly
Elementary school: Bryker Woods
Middle school: O Henry
High school: Austin
Annual property tax: $5,771.13
HOA fee: $225.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$231.33

Estimated monthly rent$1,291.67

Cap rate1.15%

Annual operating income: $3,550.90

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

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Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.

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2801 Rio Grande, Austin, TX 78705 · MLS #ACT1794740

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Listing information

MLS #ACT1794740 · Austin Board of Realtors

Listing brokerage: Intege Realty LLC
Listing agent: Sari Pearce

Listing status: Active. Record updated August 3, 2026. Confirm current availability and price with the listing agent.