Active Listing  ·  197 days on market

407 E 45th St #116

Austin, TX 78751
$174,000
1 Bed 1 Bath 500 sqft $348/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 $348/sqft, this home is 11% 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

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

Property Details

Price $174,000
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 $348/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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 25, 2026 $211,000
Previous ask $190,000
Current ask $174,000
▼ Reduced $37,000 (-17.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
3703 Harmon Ave #206
Johnsons L C Resub
$169,900 $266 1 bd / 1 ba 638 sqft , 2026-09-03
3703 Harmon Ave #104
Johnsons L C Resub
$179,000 $281 1 bd / 1 ba 638 sqft , 2026-07-29
923 E 41st St #101
Dure Len C
$179,900 $400 1 bd / 1 ba 450 sqft , 2026-05-05
2808 Whitis Ave #C304
Whitis
$180,000 $400 1 bd / 1 ba 450 sqft , 2026-09-16
909 Reinli St #221
Verandas At Uptown Condo
$184,000 $316 1 bd / 1 ba 582 sqft , 2026-05-08

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
$835/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
$34,800
20% conventional investment loan

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

Estimated Gross Rent+$835
Principal + Interest−$950
Property Tax (~2.1% TX avg)−$305
Insurance (~0.5%)−$73
Est. Monthly Cash Flow $-493

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 August 28, 2026.

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