Active Listing  ·  81 days on market

1904 E 16th St #2

Austin, TX 78702
$475,000
1 Bed 1 Bath 361 sqft $1,316/sqft Built 2023 0.06 acres Pool 1904 E 16th st Condominiums

Unique East Austin investment opportunity with proven short-term rental history in one of Austin’s most dynamic and rapidly growing locations. Situated just minutes from Downtown, this modern micro-home offers striking skyline views and exceptional income-producing potential. Featuring soaring ceilings that create an open, airy feel far beyond its footprint, the home lives larger than expected with thoughtful contemporary design throughout. A standout feature is the expansive rooftop viewing and entertaining deck—perfect for enjoying panoramic downtown views, hosting gatherings, or creating an unforgettable guest experience. Whether you’re seeking an income-producing asset, lock-and-leave city retreat, creative live/work setup, or distinctive alternative residence, this one-of-a-kind property offers flexibility, style, and unbeatable proximity to Austin’s restaurants, nightlife, entertainment, and urban core. Rare opportunity to own a truly memorable property in the heart of East Austin.

At $1,316/sqft, this home is priced 237% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1904 E 16th St #2, Austin, TX 78702

Property Details

Price $475,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 361 sqft
Lot Size 0.06 acres (2,591.82 sqft)
Year Built 2023
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision 1904 E 16th st Condominiums
County Travis
Zip Code 78702
$/sqft $1,316/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,841.58
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230294739
List Date May 15, 2026
Elementary School Campbell
Middle School Kealing
High School McCallum
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.

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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
67 Anthony St
Driving Park Add
$435,000 $906 2 bd / 1 ba 480 sqft , 2026-06-08
2519 E 4th St #2
M. E. CHERNOSKY SUBD
$359,000 $748 1 bd / 1 ba 480 sqft , 2026-06-23

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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

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