About This Home

Discover a wonderful East Side opportunity in a bright, thoughtfully laid-out home. This home boasts vaulted ceilings, abundant natural light, and a kitchen with a breakfast bar that opens seamlessly to the living room. Step outside to a cute covered patio and a fully fenced yard, perfect for relaxing or entertaining. The primary suite is on the main floor, with an additional bedroom and bathroom upstairs. One-car carport with additional driveway parking. Ideally situated just off MLK, this home is steps from the MLK MetroRail station, offering an easy train ride to downtown, along with quick access to the vibrant dining, shopping, and entertainment that East Austin is known for. Come see what makes this East Side gem such a standout!

At $499/sqft, this home is priced 27% 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

1807 Ulit Ave #B, Austin, TX 78702

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Property Details

Price $450,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 902 sqft

Lot Size 0.07 acres (2,874.96 sqft)

Year Built 2015

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Ulit Condo

County Travis

Zip Code 78702

$/sqft $499/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,091.55

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240645492

List Date July 22, 2026

Elementary School Campbell

Middle School Kealing

High School McCallum

School District ,

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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

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

3101 Govalle Ave #209
Govalle $450,000 $401 2 bd / 2 ba 1,123 sqft , 2026-06-07

3309 Robinson Ave #A
3309 Robinson Condo $450,000 $446 2 bd / 1 ba 1,008 sqft , 2026-06-19

3309 Robinson Ave #B
Cherrywood $450,000 $446 2 bd / 1 ba 1,008 sqft , 2026-06-19

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

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

$2,160/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

$90,000

20% conventional investment loan

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

Estimated Gross Rent+$2,160

Principal + Interest−$2,456

Property Tax (~2.1% TX avg)−$788

Insurance (~0.5%)−$188

Est. Monthly Cash Flow $-1,272

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 July 31, 2026.

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

1807 Ulit Ave #B

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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