New Listing
501 W 26th Street 312, Austin
$295,000 - 1 Bed, 1 Bath, 603 Sf
MLS® # 4509042
Austin Residence
2801 Rio Grande Street 205, Austin
$355,000
3 Beds
2 Baths
912 Sqft
.02 Acre
0 Garage
Welcome to The Parapet – a peaceful, tree-shaded retreat just steps from the University of Texas. This rare second-floor 3-bedroom, 2-bath condo offers the perfect blend of space, style, and unbeatable location, making it ideal for students, professionals, or savvy investors. Set in a charming community with a central courtyard, picnic tables, and a natural setting, this space feels more like a home than a typical campus-area condo. The unit offers a tranquil, tree-top view and privacy that is hard to find in the bustling area of West Campus. Inside, the spacious family room features durable laminate flooring and flexible layout options- whether you want a cozy living space or a combined living/dining area. The updated kitchen features granite countertops, ample cabinetry and all appliances are included. Each of the three generously sized bedrooms includes expanded closets—a rare perk in student housing—perfect for extra storage, study space or whatever you may need. One bedroom includes a private vanity and sink creating a functional second primary suite option. Both bathrooms have been stylishly remodeled with modern finishes and walk-in showers. A stackable washer and dryer is included in the unit for added convenience. Enjoy two covered parking spaces with alley access, though you might not need them—residents often walk, bike, or hop on a scooter to campus, nearby coffee shops, restaurants, or UT events. Investor bonus: This unit is pre-leased at $2,425/month through July 31, 2026 ($2,325 base rent + $100 parking). A true turnkey investment just blocks from one of the largest universities in the nation. Don’t miss this rare opportunity to own a spacious, updated, and income-producing condo in one of Austin’s most sought-after rental markets!
Essential Information
MLS® #3019117
Price$355,000
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage912
Acres0.02
Year Built1981
TypeResidential
Sub-TypeCondominium
StatusActive
Community Information
Address2801 Rio Grande Street 205
AreaUT
SubdivisionParapet Condominiums The
CityAustin
CountyTravis
StateTX
Zip Code78705
Amenities
ParkingAssigned, Covered
ViewNone
WaterfrontNone
Utilities
Electricity Available, Sewer Connected, Water Available
Features
Common Grounds/Area, Community Mailbox, Courtyard, Internet Access, Park, Street Lights
Interior
InteriorLaminate, Tile
AppliancesMicrowave
HeatingCentral
FireplacesNone
# of Stories1
StoriesOne
Exterior
RoofComposition
ConstructionMasonry
FoundationSlab
Exterior Features
Balcony, Exterior Steps, Uncovered Courtyard
Lot Description
Alley, Corner Lot, Landscaped, Level, Moderate Trees, Native Plants, Near Public Transit, Trees Medium Size, Xeriscape
School Information
DistrictAustin ISD
ElementaryBryker Woods
MiddleO Henry
HighAustin
Additional Information
Date ListedApril 10th, 2025
Days on Market17
Listing Details
Office Contact(512) 633-4619
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The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from April 27th, 2025 at 7:45pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
