Active Listing  ·  13 days on market

1840 Burton Dr #227

Austin, TX 78741
$115,000
1 Bed 1 Bath 464 sqft $248/sqft Built 1984 0.03 acres Pool Silverado Condo Amd

Super smart buy in crosshairs of neighborhood transformation area just 3 miles from downtown! Get ready! Light rail, high-rise residential towers, River Park Development all coming in the near future. 0.3 mile walk (less than 7 minutes) to Riverside/Burton Station to step directly onto a train. New state-of-the-art 4000 seat music venue now in construction in wave of development along E Riverside to open in 2027. Apartments next door to be demolished and redeveloped with vertical mixed-use project with 385 units and 9000 sq ft of office & retail. This unit is now freshly updated and move-in ready. Private bedroom with walk-in closet, Google Fiber, in-unit washer/dryer, and a covered balcony. Located in quiet area of community. Community pool & hot tub. Convenient parking just below unit. Ultimate convenience for Lady Bird Lake jogging, giant HEB Plus+, loads of current dining & entertainment options nearby. Multiple nearby roads & highways provide flexible routes in every direction. Easy quick drive to Austin airport. Enjoy all the convenience, recreation, and excitement of city living—a peaceful place to come home to—with a very bright future. Get it at incredible price while is market down!

At $248/sqft, this home is 37% 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 #227, Austin, TX 78741

Property Details

Price $115,000
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 $248/sqft
Days on Market ,
HOA $250.4/Monthly
Annual Tax Est. $2,449.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245247363
List Date September 10, 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 →

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
2500 Burleson Rd #215
Woodlands 02 Condo
$115,000 $230 1 bd / 1 ba 499 sqft , 2026-09-12
1840 Burton Dr #144
Silverado Condo Amd Ph 02
$114,900 $222 1 bd / 1 ba 518 sqft , 2026-06-17
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
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$23,000
20% conventional investment loan

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

Estimated Gross Rent+$552
Principal + Interest−$628
Property Tax (~2.1% TX avg)−$201
Insurance (~0.5%)−$48
Est. Monthly Cash Flow $-325

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 September 11, 2026.

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