Renovated Condo Near South
2303 E Side Drive #102, Austin, TX 78704
Move-in ready condo with modern upgrades and convenient location.
Type:Condominium
Property size:
1,098 SFPrice / SF:
$236/SF- Added:
- Jun 5, 2025
- Days on Market:
- 363
- Last Refresh:
- May 19 at 9:16 pm
Property Features for 2303 E Side Drive #102
General Information
- Standard status
- Active
- Size
- 1,098 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 1963
Listing agent (512) 228-4296 License #0686572 (512) 228-4296
Listing office Coldwell Banker Realty (512) 228-4296
Listing date Jun 5, 2025
Source Kw
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
HighLights
- Fully renovated 2‑bedroom, 2‑bathroom condo with remodeled bathrooms, new flooring, and fresh paint.
- New AC unit installed in Fall 2023 and new roof installed by HOA.
- Prime location minutes from H E B on South Congress, dining, shopping, and downtown Austin with easy access to I‑35.
- Amenities include a pool, lounge area, fitness center, and gated parking.
- Ground‑level unit with a screened‑in patio.
- Short‑term rentals allowed, making it a potential investment property.
Overview
This renovated condo features 2 bedrooms and 2 full bathrooms within 1,098 sqft of living space. Located on the ground level, the interior has been freshly painted and features new luxury vinyl plank flooring throughout. A new AC unit was installed in the fall of 2023. The HOA recently completed exterior painting and installed a new roof. The property includes a spacious open kitchen that flows into a screened-in patio. Situated minutes from the new H E B on South Congress, the condo offers proximity to dining, shopping, and downtown Austin, with easy access to I-35. Located in a quiet, secure, and well-maintained condo community, residents have access to a pool, lounge area, gated parking, a gated entrance, and a fitness center located by the pool. Short-term rentals are allowed, making this property suitable as an investment or personal residence.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $29.40 |
| − Vacancy | −$1.7k | −$1.53 |
| EGI | $30.6k | $27.87 |
| − OpEx | −$13.8k | −$12.54 |
| NOI | $16.8k | $15.33 |
1,098 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$240.4K
$210.4K – $280.5K
NOI $16,831 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.9K
$400.6K – $534.2K
NOI $32,051 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Hays
- State
- Texas
- Longitude
- -97.748629
- Latitude
- 30.2368494
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Move-in ready condo with modern upgrades and convenient location.
Where is this short term rental property located?
The property is located at 2303 E Side Drive #102 Austin, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Fully renovated 2‑bedroom, 2‑bathroom condo with remodeled bathrooms, new flooring, and fresh paint.; New AC unit installed in Fall 2023 and new roof installed by HOA.; Prime location minutes from H E B on South Congress, dining, shopping, and downtown Austin with easy access to I‑35.
