$199,900

Property Overview

This 2021 Ellis Highline condo on Lamar Boulevard offers exceptional value for investors seeking low-maintenance income in an increasingly vibrant part of Austin. Priced at $199,900—20 percent below area median—the 562-square-foot unit features contemporary finishes throughout and arrives with an existing lease extending to 2027, providing immediate cash flow. The limited leasing permit that transfers with the sale adds significant appeal, as the building maintains strict caps on rental units, making this a protected income stream in a competitive market.

Located in the heart of Crestview near MetroRail access, the property sits within walking distance of eclectic dining options like Little Deli & Pizzeria and benefits from the neighborhood's revitalization momentum. The modern construction quality combined with the locked-in tenant arrangement eliminates typical landlord concerns, while the neighborhood's mix of mid-century character and new development positions this asset for long-term appreciation. Ellis Highline's walkable location and transit connectivity make this an increasingly desirable Austin TX address for the value-conscious investor.

Vox Residential Insight

The restricted leasing permit alone distinguishes this property in Crestview's competitive condo market, and at this price point, it represents the kind of protected-income opportunity we rarely see on Lamar Boulevard. Vox Residential recognizes that savvy investors understand the hidden value here—this isn't just an affordable unit, it's a regulated revenue stream in one of Austin's most accessible neighborhoods for transit-oriented living.

Agent Description

Built in 2021, Ellis Highline Condos offers one of the best bang for your buck deals in the city. Featuring complete modern finishes inside and out, you will struggle to find any other condo in Austin that is as nice for the price. This unit is leased to a tenant until 2027 at $1,200 per month and holds a limited leasing permit for the building that will transfer with the sale. The building is capped on the number of units that can be leased at any given time, so this permit is valuable. This condo is ideal for investors looking for a low maintenance property that is in a growing area of Austin. Contact the Gill Cave Group to schedule a viewing.

Neighborhood: Crestview

This property is located in Crestview, Austin, TX. The area is known for MetroRail Access, Little Deli & Pizzeria, Active Community, Mid-Century Homes, Crestview Station.

At $356/sqft, this listing is priced 21% below the Crestview median of $448/sqft.

Property Details

Listing data last updated: July 16, 2026

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