$254,900

Property Overview

This North Campus condominium at 3001 Cedar Street offers a compelling investment opportunity with tenant occupancy already secured through July 2027. The one-bedroom unit showcases a generously proportioned living area paired with an open-concept kitchen, creating an inviting space ideal for entertaining or comfortable living. Located in the heart of Hyde Park, residents benefit from tree-lined streets, proximity to UT Campus, and the neighborhood's thriving restaurant and retail scene. Covered garage parking eliminates weather concerns while adding genuine convenience to daily life.

The property sits meaningfully below market rate at $372 per square foot—thirteen percent below the area median—making it an astute acquisition in a neighborhood defined by historic character and strong community bonds. Beyond the unit itself, the condo community provides resort-style amenities including a pool and hot tub, with professionally maintained common grounds enhancing the living experience. With pre-leased income generating $1,450 monthly through August 2025 and $1,475 thereafter, this 685-square-foot residence delivers both immediate cash flow and strategic positioning near one of Austin's most sought-after addresses.

Vox Residential Insight

The pre-leased tenant structure removes immediate leasing uncertainty while the below-market pricing relative to Hyde Park comps creates genuine equity potential for investors. Vox Residential sees this as a smart entry point for those seeking reliable income in an established, walkable neighborhood with strong appreciation fundamentals.

Agent Description

Leased from August 1, 2025 through July 31, 2026 at $1,450 per month and from August 1, 2026 through July 31, 2027 at $1,475 per month, this spacious North Campus one bedroom, one bathroom condo offers an excellent investment opportunity with reliable income in place. The unit features a large, inviting living area, an open-concept kitchen ideal for entertaining, and covered garage parking for added convenience. Residents enjoy access to beautifully maintained common grounds, including a pool and hot tub, all in a highly desirable location close to campus, dining, and shopping.

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 $372/sqft, this listing is priced 12% below the Hyde Park median of $422/sqft.

Property Details

Listing data last updated: May 19, 2026

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