About This Home

Newly remodeled 2-story condo on Burton Drive! This beautifully updated 2-bedroom, 1.5-bath home offers a fresh, modern feel with thoughtful updates throughout. The kitchen features sleek stainless steel appliances and opens to comfortable living and dining areas. Upstairs, you’ll find two spacious bedrooms and a full bath, while the main level offers a convenient half bath for guests. Enjoy community amenities including a sparkling pool, on-site laundry conveniently located by the pool, and a gated parking lot. A great opportunity for a move-in-ready home in a convenient location!

At $187/sqft, this home is 52% 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 #133, Austin, TX 78741

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Property Details

Price $150,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths 1

Living Area 802 sqft

Lot Size 0.04 acres (1,585.58 sqft)

Year Built 1973

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Tollgate Condo Amd

County Travis

Zip Code 78741

$/sqft $187/sqft

Days on Market ,

HOA $455.59/Monthly

Annual Tax Est. $1,437.11

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT246230821

List Date September 9, 2026

Elementary School Linder

Middle School Lively

High School Travis

School District ,

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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

4500 E Oltorf St #A118
Monaco Condo Amd $149,990 $231 1 bd / 1 ba 650 sqft , 2026-06-04

2450 Wickersham Ln #1606
Chamonix Condo Amd $149,900 $141 2 bd / 2 ba 1,060 sqft , 2026-03-24

2124 Burton Dr #125
Tollgate Condo Amd $143,000 $178 2 bd / 2 ba 802 sqft , 2026-01-20

4500 E Oltorf St #C-306
Monaco Condo Amd $159,000 $187 2 bd / 1 ba 850 sqft , 2026-07-23

2124 Burton Dr #251
Tollgate Condo Amd $136,000 $170 2 bd / 2 ba 802 sqft , 2026-04-05

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

$720/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

$30,000

20% conventional investment loan

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

Estimated Gross Rent+$720

Principal + Interest−$819

Property Tax (~2.1% TX avg)−$263

Insurance (~0.5%)−$63

Est. Monthly Cash Flow $-425

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 September 11, 2026.

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

2124 Burton Dr #133

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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