2801 Rio Grande ST #205 Austin, TX 78705

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!