$242,500
2 bd · 1 ba · 794 sqft
201 West 31st St #E, Austin, TX 78705
201 West 31st St #E, Austin, TX 78705 is a 2-bedroom, 1-bathroom condominium listed at $242,500 ($305/sqft). 794 sqft. Built in 1935. Located in Hyde Park, Austin TX. Priced 26% below the Hyde Park median of $413/sqft. MLS #3165345. Listed by Realty of America, LLC.
Property Overview
This Hyde Park condo sits just one block from the UT Austin campus, positioning it as both a smart investment and an ideal in-state residency solution. The 1935 brick building underwent significant renovations in 2026, featuring new windows, updated plumbing, and a fresh exterior alongside a new community garden that enhances the character of this historic neighborhood. With two bedrooms and one bath spanning 794 square feet, the unit includes straightforward finishes and functional appliances, backed by 2 off-street parking spaces.
Priced at $305 per square foot—25% below the Hyde Park area median—this West 31st Street property appeals to investor-owners seeking cash flow from established tenancies and families securing residency near the university. The location on tree-lined streets surrounded by Victorian homes and local restaurants captures the authentic charm that defines Hyde Park while keeping buyers steps away from campus resources. The HOA structure and modest $306 monthly fee provide maintenance predictability in this tight-knit, sought-after Austin TX neighborhood.
Vox Real Estate Insight
Vox Real Estate recognizes this property's dual appeal: institutional investors typically model cap rates in this UT-adjacent corridor between 5-6%, while families lock in below-market pricing for proximity they'd pay premium rates to achieve elsewhere in the neighborhood. The 2026 renovations and existing tenant arrangement make this a rare ready-made opportunity in one of Austin's most competitive micromarkets.
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 $305/sqft, this listing is priced 26% below the Hyde Park median of $413/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1935 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Living Area | 794 sqft |
| Price / Sqft | $305 |
| Stories | One |
| Condition | Resale |
| Subdivision | Fruth Addn |
| County | Travis |
| MLS Area | UT |
| Listed | Jun 30, 2026 |
| MLS # | 3165345 |
| Listed By | Realty of America, LLC |
| Contact | (512) 788-9495 |
Interior
| Flooring | Carpet |
| Appliances | Gas Range, Free-Standing Range, Refrigerator |
| Main-Level Bedrooms | 2 |
| Living Areas | 1 |
| Dining Areas | 1 |
Systems & Utilities
| Cooling | Wall/Window Unit(s) |
| Heating | Space Heater |
| Utilities | Electricity Available, Natural Gas Available |
| Water Source | Public |
Exterior & Lot
| Construction | Frame |
| Roof | Composition |
| Faces | Northeast |
Parking
| Parking Spaces | 2 |
| Parking Features | Outside |
Community & HOA
| HOA | No |
| HOA Name | 201 W 31st Condos |
| HOA Fee | $306 |
Assigned Schools
| Elementary | Lee |
| Middle | Kealing |
| High | McCallum |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2026 |
| Assessed Value | $0 |
| Parcel # | 02160411010000 |
| Legal Description | Lot 8 Blk 7 Olt 73 Div DPlus 1/2 Adj Vac Alley Fruth Addn |
| FEMA Flood Plain | No |
| In ETJ | No |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 201 West 31st St #E, Austin, TX 78705?
This property is listed at $242,500, which is $305 per square foot. That is 26% below the Hyde Park area median of $413/sqft.
How many bedrooms and bathrooms does 201 West 31st St #E, Austin, TX 78705 have?
This home has 2 bedrooms and 1 bathroom, with 794 square feet of living space.
When was 201 West 31st St #E, Austin, TX 78705 built?
This property was built in 1935, making it 91 years old.
What neighborhood is 201 West 31st St #E, 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 West 31st St #E, Austin, TX 78705 been on the market?
This listing has been on the market for 48 days.
What type of property is 201 West 31st St #E, Austin, TX 78705?
This is a Condominium.