$285,000

Property Overview

This Hyde Park condo at 201 31st Street positions itself as a rare value play for investors and owner-occupants alike, sitting just one block from the UT Austin campus in one of the city's most established neighborhoods. The 1935-built three-bedroom, one-bath residence spans 964 square feet and trades significantly below the area median at $296 per square foot—a 31% discount that reflects both its character and potential. Currently generating income with existing tenants, the property benefits from planned 2026 renovations including a complete exterior refresh, new windows, upgraded plumbing, and the addition of a community garden, positioning it for enhanced appeal and rental value.

Hyde Park's tree-lined streets and Victorian charm create an ideal setting near UT Austin, where consistent demand from students, faculty, and families supports both owner-occupancy and investment strategies. The strong neighborhood character, anchored by local restaurants and a connected community, has made Hyde Park a sustained destination in Austin, TX. For investors targeting in-state tuition opportunities or steady rental income, this property offers entry-level pricing in a location where supply remains constrained and demand stays robust.

Vox Residential Insight

Vox Residential recognizes this as a strategic play for Austin investors: the combination of below-market entry pricing, immediate cash flow, and planned capital improvements makes 31st Street an attractive acquisition before the 2026 renovations enhance both the asset and comparable values in the Hyde Park submarket. With UT Austin proximity and tenant stability already in place, this property exemplifies the kind of foundational investment opportunity that drives long-term wealth in Austin's most resilient neighborhoods.

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 $296/sqft, this listing is priced 31% below the Hyde Park median of $426/sqft.

Property Details

Listing data last updated: July 16, 2026

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