$275,000
1 bd · 1 ba · 500 sqft
201 31st ST, Austin, TX 78705
201 31st ST, Austin, TX 78705 is a 1-bedroom, 1-bathroom condominium listed at $275,000 ($550/sqft). 500 sqft. Built in 1935. Located in Hyde Park, Austin TX. Priced 29% above the Hyde Park median of $426/sqft. MLS #1881721. Listed by Realty of America, LLC.
Property Overview
This Hyde Park gem sits just one block from the UT Austin campus, positioning it at the intersection of historic charm and student housing demand. The 1935-built condominium offers an efficient 500-square-foot layout within a community undergoing significant transformation. Planned 2026 renovations include a complete exterior refresh, new windows, modernized plumbing, and a community garden—improvements that will enhance both livability and investment appeal. The property already generates rental income with established tenants, making it an attractive option for investors seeking steady cash flow in one of Austin's most desirable neighborhoods.
Set along the tree-lined streets of Hyde Park, this address captures the authentic character that defines this historic area while remaining walkable to the campus, local restaurants, and the vibrant community spaces that make this neighborhood distinctly Austin, TX. The 500-square-foot unit represents efficient urban living at a location where proximity commands premium positioning. With tenants already secured and capital improvements on the horizon, the property bridges near-term income generation with long-term value appreciation.
Vox Residential Insight
The Vox Residential team recognizes this as a compelling entry point into UT-adjacent real estate with built-in cash flow and a clear value-add timeline through 2026. The combination of immediate tenant occupancy and scheduled renovations at this price point is rare in Hyde Park, particularly for investors focused on both income and appreciation within walking distance of campus.
Agent Description
INVESTOR SPECIAL! Cap rate investment OR secure IN STATE TUITION with this opportunity. Condo one block from UT Austin with tenants in place. Renovations in 2026 include a complete exterior makeover with a community garden, all new windows and plumbing upgrades. Finishing touches coming July 2026. LOCATION LOCATION LOCATION! Reach out to listing agent for rent roll and other info!
Neighborhood: Hyde Park
This property is located in Hyde Park, Austin, TX. The area is known for Historic Victorian Homes, Strong Community, Local Restaurants, Tree-Lined Streets, Near UT Campus.
At $550/sqft, this listing is priced 29% above the Hyde Park median of $426/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1935 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 500 sqft |
| Lot Size | 6,403.32 sqft |
| Price per Sqft | $550 |
| Listed | Jun 30, 2026 |
| MLS # | 1881721 |
| Listed By | Realty of America, LLC |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 201 31st ST, Austin, TX 78705?
This property is listed at $275,000, which is $550 per square foot. That is 29% above the Hyde Park area median of $426/sqft.
How many bedrooms and bathrooms does 201 31st ST, Austin, TX 78705 have?
This home has 1 bedroom and 1 bathroom, with 500 square feet of living space.
When was 201 31st ST, Austin, TX 78705 built?
This property was built in 1935, making it 91 years old.
What neighborhood is 201 31st ST, Austin, TX 78705 in?
This property is in Hyde Park, Austin, TX. The area is known for historic victorian homes, strong community, local restaurants.
How long has 201 31st ST, Austin, TX 78705 been on the market?
This listing has been on the market for 2 days. This is a recent listing.
What type of property is 201 31st ST, Austin, TX 78705?
This is a Condominium on a 6,403.32 sqft lot.