Active Listing  ·  142 days on market

407 E 45th St #116

Austin, TX 78751
$190,000
1 Bed 1 Bath 500 sqft $380/sqft Built 1979 0.03 acres Pool Spanish Oaks Condo Amd

Find both peaceful refuge and city convenience in this well designed 1-bedroom, 1-bath condominium located in Austin’s vibrant and beloved Hyde Park historical neighborhood. Cozy, first-floor living space, amidst a tranquil environment. Front corner unit sits near corner of Duval and 45th St. Back views of the pool and greenery lining Waller Creek. Newly built pedestrian bridge just behind the building. This unit boasts a zen escape from the outside city buzz. Clean and move-in ready! Freshly painted, newly remodeled bathroom! Hardwood floors, granite counter tops, travertine stone tile for kitchen back splash, kitchen pantry, large bathroom linen closet, bedroom has a walk-in closet, well maintained condo. Trane AC/Furnace. Sparkling pool and complimentary onsite laundry facility. Whether you're studying at UT, working nearby, or simply savoring Austin's local gems — restaurants, boutiques, and parks — all are just a stroll or bike ride away. Become part of the historic Hyde Park community and enjoy an unbeatable location! Reserved parking space for easy in/out. No AI photos have been used, all photos are true representations of the unit.

At $380/sqft, this home is 3% 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

407 E 45th St #116, Austin, TX 78751

Property Details

Price $190,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 500 sqft
Lot Size 0.03 acres (1,163.05 sqft)
Year Built 1979
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Spanish Oaks Condo Amd
County Travis
Zip Code 78751
$/sqft $380/sqft
Days on Market ,
HOA $300/Monthly
Annual Tax Est. $4,016.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT217912527
List Date March 25, 2026
Elementary School Lee
Middle School Webb
High School McCallum
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
3008 Cedar St #3
Fruth Add
$190,000 $417 1 bd / 1 ba 456 sqft , 2026-06-16
3008 Cedar St #4
Fruth Add
$190,000 $417 1 bd / 1 ba 456 sqft , 2026-06-16
204 E 30th St #101
30th Street Condominiums
$189,000 $420 1 bd / 1 ba 450 sqft , 2026-07-17
4205 Speedway Ave #107
Hyde Park
$191,600 $426 1 bd / 1 ba 450 sqft , 2026-04-29
2803 Hemphill Park #B-201
Whitis
$185,000 $411 1 bd / 1 ba 450 sqft , 2026-07-13

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
$912/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
$38,000
20% conventional investment loan

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

Estimated Gross Rent+$912
Principal + Interest−$1,037
Property Tax (~2.1% TX avg)−$333
Insurance (~0.5%)−$79
Est. Monthly Cash Flow $-537

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 July 19, 2026.

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