ActiveResidential · sale

2005 Glen Allen St #111, 112, 113

Austin, TX 78704

$465,000

  • 2,328 sq ft
  • 0.14 acres
  • Built 1976

Listed by StepStone Realty LLC · MLS #ACT3218130

Property photos are not available.

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1976.

Property size

0.14 acres listed.

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

THE PROPERTY

Get to know the property.

Investor opportunity in Austin’s coveted 78704. Offering a tenant-occupied 3-unit package (Units 111–113) within a 13-unit condominium community. Ideal for investors seeking immediate in-place cash flow and a long-term hold in a high-demand submarket.

All three units are currently leased and marketed as a turnkey income package. Lease terms extend into 2026, providing stability and reduced vacancy risk. Condo characteristics and ownership concentration typical of small complexes may affect lending; buyer to perform lender due diligence. Cash preferred.

Unit-level summary (buyer to verify):
Unit 111: Annual tax $4,822.60 | HOA $352/mo | Rent $1,400/mo | Monthly charge $75/mo | Lease through 2/22/2026
Unit 112: Annual tax $4,822.60 | HOA $352/mo | Rent $1,350/mo | Monthly charge $100/mo | Lease through 9/16/2026
Unit 113: Annual tax $4,800.49 | HOA $345/mo | Rent $1,350/mo | Monthly charge $125/mo | Lease through 4/30/2026

Monthly charges are additional income and reflect shared services billed separately from base rent (water/wastewater/trash/pest; assessed per occupancy). Tenants pay electricity.

Do not disturb tenants. Showings by appointment only. Prefer access after executed contract, with inspections coordinated to minimize tenant disruption. Other sale structures may be considered (10-unit bulk, smaller bundles, or individual units), subject to terms. No seller financing. All information deemed reliable but not guaranteed; buyer to verify HOA, taxes, leases, and all financials.
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THE NEIGHBORHOOD

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2005 Glen Allen St #111, 112, 113, Austin, TX 78704

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THE DETAILS

The details, all in one place.

Property type
Residential Income
Category
Residential
Year built
1976
Garage spaces
0
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Central, Natural Gas
Appliances
Dishwasher, Dryer, Range, Refrigerator, Washer/Dryer Stacked
Flooring
Vinyl
Fencing
Back Yard, Fenced, Privacy, Wood
Accessibility
None
Subdivision
Hill Country Glen Allen Condo
Parcel
04031012120000, 04031012130000, 04031012140000
HOA
Hill Country Glen Allen Condo
HOA amenities
Insurance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Sewer, Trash, Water
HOA fee frequency
Monthly
Elementary school
Zilker
Middle school
O Henry
High school
Austin
Annual property tax
$4,822.60
HOA fee
$352.00

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$641.58
Estimated monthly rent$1,937.50
Cap rate1.91%

Annual operating income: $8,861.40

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Purchase price
Rental income & operating costs

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

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.

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

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

See its potential.
Have a plan for what follows.

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

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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2005 Glen Allen St #111, 112, 113, Austin, TX 78704 · MLS #ACT3218130

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Listing information

MLS #ACT3218130 · Austin Board of Realtors

Listing brokerage: StepStone Realty LLC
Listing agent: Hiroki Irino

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