$450,000

Property Overview

This 2-bedroom, 1-bath condo at 3309 Robinson Avenue in Cherrywood presents an excellent investment opportunity with immediate income potential. The unit generates $1,850 monthly rent through an existing tenant agreement extending to April 2027, offering investors stable cash flow in one of Austin's most desirable neighborhoods. The layout maximizes functionality with bright, open living spaces that flow seamlessly between the kitchen and generous bedrooms, providing flexibility for either owner-occupancy or continued rental income.

Location is the defining advantage here. Positioned minutes from UT Austin and Downtown Austin, 3309 Robinson Avenue sits at the intersection of academic and urban accessibility. The tree-lined Cherrywood neighborhood balances residential charm with walkability to the Cherrywood Coffeehouse, Mueller, dining, and public transit corridors. At 1,008 square feet, this condo offers contemporary urban living without the sprawl, appealing equally to students, young professionals, and investors seeking proximity to major employers and the university community.

A unique bonus: Unit B in the same building is also listed for sale, creating a rare opportunity to acquire dual-income properties simultaneously through one transaction. Both units maintain identical lease terms and rental rates, streamlining portfolio management.

Vox Real Estate Insight

The Cherrywood market typically moves fast for properties this close to campus and with established tenancy, making this double-unit opportunity particularly strategic for investors building Austin portfolios. Vox Residential recognizes the 21% premium over area median pricing is justified by the locked-in rental income and UT proximity that drives sustained demand in this neighborhood.

Agent Description

PLEASE READ! Unit #B is also for sale and listed on the MLS. Both units can be sold at the same time and both are rented for $1850/month each. Tenant has a lease until 04/30/2027. Excellent investment opportunity located just minutes from UT Austin and Downtown. This well-laid-out unit offers a bright, open living space with a comfortable flow ideal for everyday living. The kitchen provides ample storage and workspace, while generously sized bedrooms allow flexibility for work, study, or relaxation. The location is the true standout—quick access to campus, major employers, dining, nightlife, and public transit makes commuting simple and efficient. Perfect for those who value proximity and walkability while still enjoying a residential feel

Neighborhood: Cherrywood

This property is located in Cherrywood, Austin, TX. The area is known for Cherrywood Coffeehouse, Tree-Lined Streets, Near UT Campus, Mueller Access, Strong Community.

At $446/sqft, this listing is priced 12% above the Cherrywood median of $399/sqft.

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