Active Listing  ·  90 days on market

1608 Ulit Ave #A

Austin, TX 78702
$599,000
3 Bed 2 Bath 1,250 sqft $479/sqft Built 1935 0.09 acres Pool 1608 Ulit Ave Condos

Vintage East Austin charm. Modern updates. Unbeatable location.

Welcome to 1608 Ulit Ave Unit A, a beautifully renovated (Down to the studs rebuild 2017) 3bd 2ba cottage in the coveted East Austin Chestnut neighborhood, known for its rich history, tree-lined streets, vibrant culture, and unbeatable location. Just minutes from Downtown Austin, UT, Mueller, and some of the city's best restaurants, coffee shops, breweries, parks, and live music venues, you'll be perfectly positioned to enjoy everything that makes Austin one of the country's most exciting places to call home.

Filled with natural light, stylish finishes, and a warm, move-in-ready feel that perfectly balances charm, functionality, and contemporary design. Every detail has been carefully considered to create a home that feels both comfortable and sophisticated while preserving its distinctive East Austin character. with modern comfort.

Whether you're seeking a primary residence, lock-and-leave retreat, or investment opportunity, this home offers a rare combination of character, convenience, and lifestyle, but it's more than just a home—it's an opportunity to experience the best of East Austin living in a neighborhood that continues to honor its roots while embracing Austin's vibrant future.

More than a place to live—it's a front-row seat to the Austin lifestyle.

At $479/sqft, this home is priced 23% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1608 Ulit Ave #A, Austin, TX 78702

Property Details

Price $599,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,250 sqft
Lot Size 0.09 acres (3,998.81 sqft)
Year Built 1935
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision 1608 Ulit Ave Condos
County Travis
Zip Code 78702
$/sqft $479/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,653.38
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231340666
List Date May 25, 2026
Elementary School Campbell
Middle School Kealing
High School McCallum
School District ,

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.

Schedule a Call →

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 · May 25, 2026 $634,999
Previous ask $619,900
Current ask $599,000
Reduced $35,999 (-5.7%) 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
1701 E Martin Luther King Jr Blvd #204
SOL-MLK CONDOMINIUMS
$599,950 $461 2 bd / 2 ba 1,302 sqft , 2026-07-09
1931 E 38th 1/2 St #62
Avion Park Condos
$595,000 $361 3 bd / 3 ba 1,650 sqft , 2026-06-09
1184 Navasota St
Robertson George L
$595,000 $420 3 bd / 2 ba 1,417 sqft , 2026-06-23
1322 E 12th St #202
Angelina + 12th Condominiums
$575,000 $355 2 bd / 2 ba 1,619 sqft , 2026-08-11
1800 E 14th St
Johns C R
$624,950 $400 2 bd / 2 ba 1,562 sqft , 2026-04-21

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 22, 2026.

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