$374,000 53 days on market

Best Value in Cambridge Tower – Northeast Corner Residence Ideal for Immediate Occupancy or Income-Producing Investment. This spacious northeast corner condo offers a rare opportunity to own one of Cambridge Tower’s larger one-bedroom layouts. With 1,189 sq. ft., the light-filled residence features generous living spaces and a wraparound balcony with views toward the University of Texas campus, creating a perfect setting for relaxing or entertaining.
The thoughtfully designed floor plan includes 1 bedroom, 1.5 baths, plus the convenience of in-unit washer and dryer connections located just off the primary bedroom. Multiple exposures provide abundant natural light throughout the day, enhancing the sense of openness and comfort. The unit can be delivered vacant for quick move-in or maintained as a strong income-producing investment.
Investor Opportunity: The unit is currently leased through April 30, 2027 at $2,650 per month, generating approximately $31,800 in annual income while providing long-term tenant stability. At the current price, the property is offered at approximately $335 per square foot, well below Cambridge Tower’s recent sales average of about $440 per square foot, presenting compelling value for buyers seeking space, location, and upside.
Cambridge Tower Amenities Include: all-inclusive HOA covering utilities, high-speed internet and cable, recently renovated lobby, 24/7 security and concierge, attended parking garage with one reserved space, heated oak-shaded pool and spa, fitness center, meeting room, and a rooftop terrace with sweeping views of the Texas Capitol, downtown skyline, and Hill Country.
Located in Central Austin, just steps from the University of Texas, Dell Medical Center, museums, dining, and entertainment, this is a rare opportunity to own a well-positioned residence in one of Austin’s most iconic towers.