About This Home

The East Austin sweet spot. Priced under $600K, this charming 3-bedroom, 2-bath beautifully renovated cottage, offers just the right balance of size, style, and location. Approximately 1,250 square feet of updated, sun-filled living space on a corner lot with mature trees and no HOA. Enjoy the laid-back Eastside lifestyle, just minutes some from Award-winning food, great coffee, and the unmistakable East Austin vibe. Finding this combination of character, comfort, and value isn't easy. Come see for yourself why this one deserves a closer look.

At $460/sqft, this home is priced 18% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1608 Ulit Ave #A, Austin, TX 78702

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Property Details

Price $575,000

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 $460/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 Austin ISD

School District

Austin ISD

Campbell · Kealing · McCallum

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 · May 25, 2026 $634,999

Previous ask $579,000

Current ask $575,000

▼ Reduced $59,999 (-9.4%) 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 $579,999 $445 2 bd / 2 ba 1,302 sqft , 2026-07-09

3333 E 12th St
Breedlove Add $599,995 $357 3 bd / 3 ba 1,681 sqft , 2026-07-30

1322 E 12th St #202
Angelina + 12th Condominiums $550,000 $340 2 bd / 2 ba 1,619 sqft , 2026-08-11

2907 Kuhlman Ave #2
Lorraine Heights $549,000 $451 3 bd / 3 ba 1,218 sqft , 2026-10-03

2604 Oaklawn Ave #2
Chestnut $624,000 $561 2 bd / 2 ba 1,112 sqft , 2026-10-10

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

$2,760/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

$115,000

20% conventional investment loan

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

Estimated Gross Rent+$2,760

Principal + Interest−$3,138

Property Tax (assumed ~2.1%)−$1,006

Insurance (assumed ~0.5%)−$240

Est. Monthly Cash Flow $-1,624

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 · 41 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. The written content was last updated on November 3, 2026.

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

1608 Ulit Ave #A

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

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