About This Home

As low as 5% DOWN financing available through our preferred lender. ASK US for details. Updated condo in the East Riverside area, minutes from Downtown Austin, Lady Bird Lake, South Congress, Rainey Street, dining, shopping, and major employers. Convenient access to highways and public transit. Features soaring ceilings, a spiral staircase, updated flooring, renovated kitchen and bath, abundant natural light, and a versatile loft space for a bedroom, office, or guest area. Community amenities include a pool, dog park, and ample parking. Ideal for first-time buyers, investors, students, or professionals seeking value and location in Austin.

At $222/sqft, this home is 43% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1840 Burton Dr #144, Austin, TX 78741

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Property Details

Price $114,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 518 sqft

Lot Size 0.03 acres (1,402.63 sqft)

Year Built 1984

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Silverado Condo Amd Ph 02

County Travis

Zip Code 78741

$/sqft $222/sqft

Days on Market ,

HOA $269.1/Monthly

Annual Tax Est. $2,667.31

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT236514613

List Date June 17, 2026

Elementary School Sanchez

Middle School Lively

High School Travis

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 · June 17, 2026 $129,000

Current ask $114,900

▼ Reduced $14,100 (-10.9%) 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

2500 Burleson Rd #615
Woodlands 02 Condo $115,000 $230 1 bd / 1 ba 499 sqft , 2026-02-09

1840 Burton Dr #227
Silverado Condo Amd $115,000 $248 1 bd / 1 ba 464 sqft , 2026-09-10

2500 Burleson Rd #215
Woodlands 02 Condo $115,000 $230 1 bd / 1 ba 499 sqft , 2026-09-12

2500 Burleson Rd #703
Woodlands 02 Condo $118,000 $236 1 bd / 1 ba 499 sqft , 2026-08-15

2500 Burleson Rd #506
Woodlands 02 Condo $118,000 $236 1 bd / 1 ba 499 sqft , 2026-09-04

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

$552/mo

0.48% rule · conservative Austin est.

Gross Yield

5.77%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$22,980

20% conventional investment loan

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

Estimated Gross Rent+$552

Principal + Interest−$627

Property Tax (~2.1% TX avg)−$201

Insurance (~0.5%)−$48

Est. Monthly Cash Flow $-324

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 24, 2026.

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

1840 Burton Dr #144