About This Home

Great for investors or first-time buyers! This well-maintained spacious 2-bedroom, 1.5-bath condo offers 802 sqft of comfortable living space in a highly convenient Austin location. Open floor plan - the living, dining, and kitchen areas. This community offers a swimming pool.Enjoy easy access to downtown, major highways, shopping, and dining. An opportunity for rental income or low-maintenance living in a rapidly growing area. Quick drive to downtown & UT.

At $170/sqft, this home is 57% 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 #251, Austin, TX 78741

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $136,000

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 $170/sqft

Days on Market ,

HOA $452/Monthly

Annual Tax Est. $2,090.53

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT225168799

List Date April 5, 2026

Elementary School Linder

Middle School Lively

High School Travis

School District ,

Have Questions About This Property?

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

2124 Burton Dr #263
Tollgate Condo Amd $133,770 $157 2 bd / 2 ba 850 sqft , 2026-08-25

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

2450 WICKERSHAM Ln #1317
CHAMONIX CONDOMINIUMS AMENDE $125,000 $178 1 bd / 1 ba 704 sqft , 2026-03-14

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

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

$653/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

$27,200

20% conventional investment loan

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

Estimated Gross Rent+$653

Principal + Interest−$742

Property Tax (~2.1% TX avg)−$238

Insurance (~0.5%)−$57

Est. Monthly Cash Flow $-384

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 July 29, 2026.

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

2124 Burton Dr #251

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate