Active Listing  ·  358 days on market

40 N Interstate 35 Hwy #4A4

Austin, TX 78701
$434,000
2 Bed 2 Bath 1,234 sqft $352/sqft Built 1983 0.02 acres 2-Car Garage Pool Towers Town Lake Condo Amd

Downtown living at its best. Experience a peaceful walk on the 10 mile hike and bike trail by the water or walk one block to the vibrant Rainey Street District. Remodeled condo in the prized A Tower with a lake view from the covered balcony. 2 parking spots in the garage. The condominium complex has its own well for watering over 5 acres of lush landscaping, and amazing amenities, including heated indoor pool with party area, heated outdoor pool, hot tub, weight room, cardio-fitness room, steam and sauna rooms, indoor racketball basketball court, billiards room, piano room, library room, conference room, 24 hour concierge and security.

At $352/sqft, this home is 10% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

40 N Interstate 35 Hwy #4A4, Austin, TX 78701

Property Details

Price $434,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,234 sqft
Lot Size 0.02 acres (967.03 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Towers Town Lake Condo Amd
County Travis
Zip Code 78701
$/sqft $352/sqft
Days on Market ,
HOA $909/Monthly
Annual Tax Est. $9,539.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT205850448
List Date August 30, 2025
Elementary School Mathews
Middle School O Henry
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.

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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
1615 E 7th St #208
1615 East 7th Condos
$425,000 $416 1 bd / 1 ba 1,022 sqft , 2026-02-24
300 Crockett St #116
Courtyard Condo Amd
$419,000 $338 3 bd / 2 ba 1,239 sqft , 2026-03-18
360 Nueces St #1407
Residential Condo Amd 360
$450,000 $528 1 bd / 1 ba 852 sqft , 2025-11-14
555 E 5th St #521
Five Fifty 05 Condo Amd
$455,000 $365 1 bd / 1 ba 1,245 sqft , 2025-10-08
555 E 5th St #903
Five Fifty 05 Condo Amd
$460,000 $406 1 bd / 1 ba 1,134 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
$2,083/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
$86,800
20% conventional investment loan

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

Estimated Gross Rent+$2,083
Principal + Interest−$2,369
Property Tax (~2.1% TX avg)−$760
Insurance (~0.5%)−$181
Est. Monthly Cash Flow $-1,227

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 June 2, 2026.

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