$250,000

Property Overview

This Hyde Park condo sits just one block from UT Austin, positioning it at the intersection of historic neighborhood charm and unmatched proximity to campus life. The 794 square foot two-bedroom, one-bath residence features tenants currently in place, making it an attractive proposition for investors seeking immediate cash flow in one of Austin's most sought-after locations. At $315 per square foot, the property trades significantly below the surrounding Hyde Park median, offering compelling value in a neighborhood defined by tree-lined streets, Victorian character, and established community spirit.

The unit benefits from planned renovations scheduled for completion in mid-2026, including a complete exterior refresh, new windows, upgraded plumbing, and the addition of a community garden that will enhance both aesthetics and resident amenities. Situated on West 31st Street in the heart of Hyde Park, the property captures the essence of classic Austin living while serving multiple investment strategies. Whether purchased for long-term rental income or as an in-state tuition strategy for UT-affiliated families, this residence offers flexibility rarely found near campus in Austin, TX.

Vox Residential Insight

Vox Residential recognizes this West 31st Street property as a rare opportunity combining active tenant occupancy with planned capital improvements that will increase future valuations across the complex. The sub-market pricing combined with proximity to UT Austin makes this positioned for both investor returns and owner-occupant appeal, particularly as the neighborhood continues to appreciate.

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 $315/sqft, this listing is priced 26% below the Hyde Park median of $426/sqft.

Property Details

Listing data last updated: July 16, 2026

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