Active Listing  ·  79 days on market

2124 Burton Dr #136

Austin, TX 78741
$165,000
2 Bed 2 Bath 802 sqft $206/sqft Built 1973 0.04 acres Pool Tollgate Condo Amd

Location is everything—and this one puts you in the heart of it all! Nestled inside the gated Tollgate Condominiums, this 2-bedroom, 1.5-bath condo offers an incredible opportunity to own just minutes from Downtown Austin, Lady Bird Lake, South Congress, Oracle, Austin-Bergstrom International Airport, and countless restaurants, coffee shops, entertainment, and major employers.

One of the biggest highlights is the community itself, which has recently undergone extensive exterior renovations, including updated concrete, windows, sliding glass doors, patio enclosures, stairs, and fresh exterior paint—adding value and enhancing curb appeal.

Inside, you'll find a functional two-story floor plan ready for your personal touch, while outside you'll enjoy a covered front porch, covered parking, gated entry, and access to the community pool. Whether you're looking for an affordable primary residence or an investment in one of Austin's fastest-growing and most convenient locations, this condo offers exceptional potential at an attractive price.

When it comes to Austin real estate, you can update a home—but you can't change its location.

At $206/sqft, this home is 47% 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 #136, Austin, TX 78741

Property Details

Price $165,000
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 $206/sqft
Days on Market ,
HOA $456/Monthly
Annual Tax Est. $2,354
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238793548
List Date July 6, 2026
Elementary School Metz
Middle School Martin
High School Austin
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
2450 Wickersham Ln #106
Chamonix Condo Amd
$169,900 $160 2 bd / 2 ba 1,060 sqft , 2026-03-31
4500 E Oltorf St #C-306
Monaco Condo Amd
$159,000 $187 2 bd / 1 ba 850 sqft , 2026-07-23
2124 Burton Dr #133
Tollgate Condo Amd
$150,000 $187 2 bd / 2 ba 802 sqft , 2026-09-09
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

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
$792/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
$33,000
20% conventional investment loan

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

Estimated Gross Rent+$792
Principal + Interest−$900
Property Tax (~2.1% TX avg)−$289
Insurance (~0.5%)−$69
Est. Monthly Cash Flow $-466

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 July 7, 2026.

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