Active Listing  ·  140 days on market

1840 Burton Dr #172

Austin, TX 78741
$154,900
1 Bed 1 Bath 464 sqft $334/sqft Built 1984 0.03 acres Pool Silverado Condo Amd

Welcome to effortless Austin living in this beautifully updated and fully furnished 1-bedroom, 1-bath condo just 3 miles from the heart of downtown.

Located on the second floor in a quiet, tree-filled community, this 464 sq ft unit offers a rare combination of comfort, convenience, and turnkey appeal. Step out onto your private deck overlooking mature trees—perfect for morning coffee or unwinding in a peaceful setting. Inside, the condo was fully renovated in 2021 with updated flooring, kitchen, paint, HVAC system, and water heater, giving buyers confidence in both style and major systems. The space is thoughtfully designed for easy living, and being sold fully furnished makes it truly move-in ready or ideal for immediate rental use. Additional features include a washer and dryer conveniently located in the exterior deck closet, fiber internet wiring for high-speed connectivity, and ample open parking for residents and guests. The HOA fee of $242/month covers water, trash, and exterior maintenance—leaving electricity as the only primary utility—making for simple, predictable ownership. Enjoy access to the community pool and a location that puts you close to everything Austin has to offer. Walk to Emo’s and nearby restaurants or head just minutes to the Lady Bird Lake Trail for biking, running, and outdoor recreation. Pet-friendly and allowing rentals of 30 days or more, this property is perfect for a young professional looking to own instead of rent, or for an investor seeking a low-maintenance, income-producing opportunity in a prime Austin location.

At $334/sqft, this home is 15% 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 #172, Austin, TX 78741

Property Details

Price $154,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 464 sqft
Lot Size 0.03 acres (1,241.46 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Silverado Condo Amd
County Travis
Zip Code 78741
$/sqft $334/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,470.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228715095
List Date May 6, 2026
Elementary School Sanchez
Middle School Lively
High School Travis
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 6, 2026 $159,900
Current ask $154,900
Reduced $5,000 (-3.1%) 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 #601
Woodlands 02 Condo
$129,900 $334 1 bd / 1 ba 389 sqft , 2026-01-26
1840 Burton Dr #208
Silverado Condo Amd
$125,000 $241 1 bd / 1 ba 518 sqft , 2026-01-20
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
2500 Burleson Rd #615
Woodlands 02 Condo
$115,000 $230 1 bd / 1 ba 499 sqft , 2026-02-09

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
$744/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
$30,980
20% conventional investment loan

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

Estimated Gross Rent+$744
Principal + Interest−$845
Property Tax (~2.1% TX avg)−$271
Insurance (~0.5%)−$65
Est. Monthly Cash Flow $-437

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 12, 2026.

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