Active Listing  ·  246 days on market

2124 Burton Dr #125

Austin, TX 78741
$143,000
2 Bed 2 Bath 802 sqft $178/sqft Built 1973 0.04 acres Pool Tollgate Condo Amd

Tollgate Condominiums – Central Austin Location!

Located at 2124 Burton Dr #125, this 802 sq ft condo in the Tollgate Condominiums offers a straightforward and low-maintenance living option in a well-established Central Austin area. The unit features 2 bedrooms and 1.5 bathrooms with a functional layout that makes efficient use of the space.

Inside, the home includes stone countertops from prior updates and newly replaced windows, contributing to a clean, well-maintained feel and improved everyday comfort. These updates support move-in readiness while still leaving room for future personalization.

The community exterior is currently undergoing HOA renovations, with work still in progress, which may result in refreshed common areas once completed.

One of the main benefits of this property is its central location, offering convenient access to Mueller, nearby shopping and dining, parks, and everyday amenities. The condo is also well positioned near Downtown Austin, The University of Texas at Austin, major roadways, and public transportation, making commuting and getting around Austin straightforward.

A solid option for buyers or investors seeking an accessible entry into Central Austin living.

At $178/sqft, this home is 55% 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

2124 Burton Dr #125, Austin, TX 78741

Property Details

Price $143,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 802 sqft
Lot Size 0.04 acres (1,568.16 sqft)
Year Built 1973
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Tollgate Condo Amd
County Travis
Zip Code 78741
$/sqft $178/sqft
Days on Market ,
HOA $415/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216848164
List Date January 20, 2026
Elementary School Linder
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 · January 20, 2026 $165,000
Previous ask $149,000
Current ask $143,000
Reduced $22,000 (-13.3%) 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
2450 Wickersham Ln #1606
Chamonix Condo Amd
$149,900 $141 2 bd / 2 ba 1,060 sqft , 2026-03-24
4500 E Oltorf St #A118
Monaco Condo Amd
$149,990 $231 1 bd / 1 ba 650 sqft , 2026-06-04
2124 Burton Dr #251
Tollgate Condo Amd
$136,000 $170 2 bd / 2 ba 802 sqft , 2026-04-05
2124 Burton Dr #133
Tollgate Condo Amd
$150,000 $187 2 bd / 2 ba 802 sqft , 2026-09-09
2124 Burton Dr #263
Tollgate Condo Amd
$133,770 $157 2 bd / 2 ba 850 sqft , 2026-08-25

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
$686/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$28,600
20% conventional investment loan

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

Estimated Gross Rent+$686
Principal + Interest−$780
Property Tax (~2.1% TX avg)−$250
Insurance (~0.5%)−$60
Est. Monthly Cash Flow $-404

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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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 21, 2026.

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