$399,000

Property Overview

This Red River Street condo in Cherrywood offers a rare combination of modern finishes and proximity to UT Campus, making it equally compelling for owner-occupants or investors. The 2014 complex renovation brought updated plumbing, electrical, and systems throughout, while this particular unit showcases JennAir appliances, quartz countertops, engineered wood floors, and recessed lighting. Both bedrooms feature private en-suite bathrooms—a practical layout that works seamlessly for roommates or working professionals seeking privacy without sacrifice.

At 947 square feet, the space punches above its weight with thoughtful design details including glass tile accents and an in-unit front-loading washer-dryer combination. The walkable Cherrywood neighborhood places residents steps from the Cherrywood Coffeehouse and tree-lined streets while maintaining quick access to Downtown and Mueller. Currently leased through July 2026 at $2,600 monthly, this property delivers immediate income potential or the flexibility to occupy. The $421 per-square-foot price point sits competitively within the area's $429 median, offering solid value in one of Austin's most demand-dense neighborhoods.

Vox Residential Insight

Vox Residential recognizes that Red River Street properties in Cherrywood have become investment favorites due to their proximity to UT and strong rental demand, and this unit's existing lease provides immediate cash flow for buyers entering the market. The Sterling Crest community's 2014 overhaul means minimal deferred maintenance concerns, which is a genuine advantage often overlooked in older East Austin buildings.

Agent Description

Leased at $2600/month thru 7/31/26. Investor or Owner Occupied opportunity in prime Central campus and Austin location! This beautifully updated 2 bed, 2 bath unit at Sterling Crest offers walkability to UT and quick access to Downtown, making it highly desirable for tenants and owners alike. The entire complex was completely rebuilt in 2014 with new plumbing, electrical, and modern systems. Inside, the unit features JennAir appliances, engineered wood floors, quartz countertops, recessed lighting, glass tile accents, and a front-loading washer/dryer. Both spacious bedrooms have private en-suite baths—ideal for roommates or professionals. Turnkey property in one of Austin’s most sought-after areas.

Neighborhood: Cherrywood

This property is located in Cherrywood, Austin, TX. The area is known for Cherrywood Coffeehouse, Tree-Lined Streets, Near UT Campus, Mueller Access, Strong Community.

At $421/sqft, this listing is priced near the Cherrywood median of $421/sqft.

Property Details

Listing data last updated: May 19, 2026

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