Active Listing  ·  13 days on market

4122 S Margarita St

Austin, TX 78723
$389,000
2 Bed 2 Bath 850 sqft $458/sqft Built 2022 0.02 acres 2-Car Garage Pool Mueller Sec 11 Sub

Mueller Townhome with Garage and a Second Assigned Spot! Move right in to this beautifully maintained 2-bed, 2-bath townhome in Mueller, one of Austin’s most sought-after master-planned communities. Recessed lighting runs throughout, updated laminate floors make life easy, and extra kitchen cabinetry gives you room to spare. Pet owners will love the doggy door tucked under the stairs. And the parking? A garage plus an additional assigned spot, a rare find in Mueller. Life here happens on foot. Stroll to Alamo Drafthouse, the Sunday Farmers’ Market, Orangetheory, and a lineup of local coffee shops and restaurants. Mueller Lake Park, 12 miles of hike-and-bike trails, two community pools, and a splash pad are all nearby. Getting around is just as easy: Downtown, UT, ACC, and the Moody Center are about 10 minutes away, with a quick commute to Tesla, Dell, Apple, Samsung, Amazon, Google, Meta, and Oracle. Ideal for first-time buyers and investors alike. Show it today!

At $458/sqft, this home is priced 17% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4122 S Margarita St, Austin, TX 78723

Property Details

Price $389,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 850 sqft
Lot Size 0.02 acres (701.32 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Mueller Sec 11 Sub
County Travis
Zip Code 78723
$/sqft $458/sqft
Days on Market ,
HOA $320/Monthly
Annual Tax Est. $4,695
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249805768
List Date October 30, 2026
Elementary School Blanton
Middle School Lamar (Austin ISD)
High School Northeast Early College
School District Austin ISD

Austin ISD

Blanton · Lamar (Austin ISD) · Northeast Early College

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
1701 Simond Ave #215
Parkside/Mueller Condos
$385,000 $491 1 bd / 1 ba 784 sqft , 2026-04-23
1701 Simond Ave #612
Parkside/Mueller Condos
$397,993 $457 1 bd / 1 ba 870 sqft , 2026-05-12
5003 Heflin Ln
Flournoy & Jones 04 Sec 01
$380,000 $528 2 bd / 1 ba 720 sqft , 2026-03-08
1701 Simond Ave #208
Parkside/Mueller Condos
$365,000 $452 1 bd / 1 ba 808 sqft , 2026-06-26
1701 Simond Ave #615
Muller
$359,950 $586 1 bd / 1 ba 614 sqft , 2026-05-06

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
$1,867/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
$77,800
20% conventional investment loan

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

Estimated Gross Rent+$1,867
Principal + Interest−$2,123
Property Tax (assumed ~2.1%)−$681
Insurance (assumed ~0.5%)−$162
Est. Monthly Cash Flow $-1,099

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 →

Neighborhood Context

About Mueller

Mueller was built on the site of Austin's old Robert Mueller Municipal Airport, which closed in 1999. What replaced it is one of the most thoughtfully planned urban neighborhoods in Texas - a mix of single-family homes, townhomes, condos, and apartments built around parks, trails, and walkable retail.

The neighborhood is anchored by Mueller Lake Park, a 30-acre park and pond at its center, and the Mueller Farmers' Market (one of Austin's best) runs every Sunday. Aldrich Street - Mueller's main commercial strip - has restaurants, coffee shops, and retail that serve the neighborhood without overwhelming it.

🌿
Mueller Lake Park

30-acre park with a pond, walking trails, splash pad, and dog park at the center of the neighborhood. Feels like a central park for the community.

🛒
Sunday Farmers Market

One of Austin's most attended farmers markets runs every Sunday year-round on Aldrich Street. A true neighborhood institution.

🏗️
Built Green

Mueller has one of the highest concentrations of green-certified homes in Austin. Many homes feature solar panels, rainwater collection, and energy-efficient construction.

🚲
Trail Network

Extensive internal trail system connects the neighborhood, plus connections to the larger Austin trail network. Cycling and walking are genuinely practical here.

Full Mueller Guide →

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 · 41 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. The written content was last updated on November 3, 2026.

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

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