About This Home

Updated 2-bedroom, 1-bath condo at 52 Mueller, near Austin's Mueller development. Both bedrooms are separated by the shared living space, and the interior has been refreshed throughout: quartz countertops, white shaker cabinetry with soft-close drawers, stainless steel appliances, and new flooring. Two dedicated parking spaces come with the unit. Mueller Lake Park and the Mueller Farmers' Market are nearby, and the Mueller Retail Center is minutes away with grocery, coffee, casual dining, and a movie theater. I-35 access makes downtown Austin, the UT campus, and the medical district an easy commute. HOA dues cover water, gas, sewer, and trash for predictable monthly costs and low maintenance. Short-term rental use may be permitted under HOA rules; buyer to verify current status directly with the HOA and City of Austin STR licensing requirements.

Contact Listing Agent for more details!

At $317/sqft, this home is 19% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1200 E 52nd St #209, Austin, TX 78723

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Property Details

Price $229,999

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 725 sqft

Lot Size 0.99 acres (43,255.08 sqft)

Year Built 1969

Garage ,

Stories ,

Type Residential · Condominium

Subdivision 52 MUELLER CONDOMINIUMS

County Travis

Zip Code 78723

$/sqft $317/sqft

Days on Market ,

HOA $225/mo

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT228125462

List Date April 30, 2026

Elementary School Blanton

Middle School Bertha Sadler Means

High School Northeast 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 · April 30, 2026 $230,000

Current ask $229,999

▼ Reduced $1 (-0.0%) 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

1106 W 22nd St #1
1106 W 22nd Street Condo $230,000 $350 1 bd / 1 ba 658 sqft , 2026-04-14

803 W 28th St #103
San Pedro Oaks Condo $230,000 $329 2 bd / 2 ba 699 sqft , 2026-05-13

923 E 41st St #102
Dure Len C $229,900 $255 2 bd / 1 ba 900 sqft , 2026-05-04

8601 W Gate Blvd #9104
Canopy/Westgate Grove Condos $229,000 $276 2 bd / 2 ba 831 sqft , 2026-03-27

4306 Avenue A None #105
Park Place Condo $229,000 $305 2 bd / 1 ba 750 sqft , 2025-05-23

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

$1,104/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

$46,000

20% conventional investment loan

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

Estimated Gross Rent+$1,104

Principal + Interest−$1,255

Property Tax (~2.1% TX avg)−$402

Insurance (~0.5%)−$96

Est. Monthly Cash Flow $-649

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 →

Neighborhood Context

About Mueller

Mueller was built on the site of Austin's old Robert Mueller Municipal Airport, which closed in 1999. What replaced it is one of the most thoughtfully planned urban neighborhoods in Texas - a mix of single-family homes, townhomes, condos, and apartments built around parks, trails, and walkable retail.

The neighborhood is anchored by Mueller Lake Park, a 30-acre park and pond at its center, and the Mueller Farmers' Market (one of Austin's best) runs every Sunday. Aldrich Street - Mueller's main commercial strip - has restaurants, coffee shops, and retail that serve the neighborhood without overwhelming it.

🌿

Mueller Lake Park

30-acre park with a pond, walking trails, splash pad, and dog park at the center of the neighborhood. Feels like a central park for the community.

🛒

Sunday Farmers Market

One of Austin's most attended farmers markets runs every Sunday year-round on Aldrich Street. A true neighborhood institution.

🏗️

Built Green

Mueller has one of the highest concentrations of green-certified homes in Austin. Many homes feature solar panels, rainwater collection, and energy-efficient construction.

🚲

Trail Network

Extensive internal trail system connects the neighborhood, plus connections to the larger Austin trail network. Cycling and walking are genuinely practical here.

Full Mueller Guide →

1200 E 52nd St #209

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

About Mueller

Major Employers Near Austin, TX

More Luxury Homes in Austin

1200 E 52nd St #209

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

About Mueller

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate