About This Home

A rare find! Enjoy living in the heart of Austin in this bright and open home. This fully furnished home is move-in ready and has been recently remodeled, and boasts granite countertops, updated flooring, vinyl windows, luxury fixtures, and more. Walking distance to downtown nightlife and only minutes from highway access, metro rail, shopping, and restaurants! Low cost of ownership with no HOA and only a 1.9092% tax rate. In the City of Austin zone SF-3-NP, which allows for up to 3 single-family residences to be built on a lot.

At $647/sqft, this home is priced 65% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1183 Coleto St, Austin, TX 78702

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Property Details

Price $469,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 725 sqft

Lot Size 0.09 acres (3,963.96 sqft)

Year Built 1958

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Foster

County Travis

Zip Code 78702

$/sqft $647/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,633.9

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT224449319

List Date March 31, 2026

Elementary School Blackshear

Middle School Kealing

High School Eastside Early College

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 31, 2026 $480,000

Current ask $469,000

▼ Reduced $11,000 (-2.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

2505 E 11th St #2
2505 E 11th Street Condos $485,000 $541 2 bd / 3 ba 896 sqft , 2026-07-30

2103 E 14th St #B
N/a $450,000 $529 2 bd / 1 ba 850 sqft , 2026-05-11

1815 Singleton Ave
Glenwood Add $450,000 $666 2 bd / 1 ba 676 sqft , 2026-07-14

1807 Ulit Ave #B
Ulit Condo $450,000 $499 2 bd / 2 ba 902 sqft , 2026-07-22

1300 Walnut Ave #B
WALNUT CONDOMINIUMS $449,000 $507 2 bd / 3 ba 886 sqft , 2026-06-19

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$2,251/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$93,800

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,251

Principal + Interest−$2,560

Property Tax (~2.1% TX avg)−$821

Insurance (~0.5%)−$195

Est. Monthly Cash Flow $-1,325

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 4, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

1183 Coleto St