Active Listing  ·  338 days on market

4307 1st St S #101

Austin, TX 78745
$265,000
2 Bed 2 Bath 982 sqft $270/sqft Built 1982 0.07 acres Pool Pharo Condo

*Approved for short sale* Stylish end unit townhome with modern upgrades in a prime location. Beautifully updated, a unique blend of style, quality, and convenience. Enjoy a spacious front yard and a private, secluded patio. The open floor plan features a cozy fireplace with a vaulted ceiling, luxury vinyl wood flooring throughout and abundant natural light. The modern kitchen boasts stainless steel appliances, sleek polished concrete countertops, and solid upgraded cabinetry. Brand new downstairs shower and bathroom vanity. Upstairs, retreat to a private en-suite with generous closet space, ample storage, vaulted ceilings and recently updated bathroom vanity. Thoughtful upgrades at every turn and 100% turn-key. Located on vibrant, south 1st street, a stones throw from the '04 and just minutes to downtown, this is city living at its best—don’t miss out! **Appointment Only, please give the owner at least 2 hours notice, 24 hours preferred to show.**

At $270/sqft, this home is 31% 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

4307 1st St S #101, Austin, TX 78745

Property Details

Price $265,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 982 sqft
Lot Size 0.07 acres (2,962.08 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Pharo Condo
County Travis
Zip Code 78745
$/sqft $270/sqft
Days on Market ,
HOA $359/Monthly
Annual Tax Est. $3,841
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT205441585
List Date August 31, 2025
Elementary School St Elmo
Middle School Bedichek
High School Travis
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.

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
6821 Old Quarry Ln
Townhomes Northwest Hills
$265,000 $276 2 bd / 2 ba 961 sqft , 2026-03-21
4802 S Congress Ave #217
Bend Condos
$265,000 $321 1 bd / 1 ba 825 sqft , 2025-12-31
9226 Jollyville Rd #122
Arcadia Condo Amd
$265,000 $231 1 bd / 2 ba 1,148 sqft , 2026-02-25
2901 San Jacinto Blvd #204
Oakview Condo
$265,000 $408 1 bd / 1 ba 650 sqft , 2026-04-21
3845 Ranch Road 2222 None #26/M2
Terraces
$265,000 $227 2 bd / 3 ba 1,167 sqft , 2026-07-01

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
$1,272/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
$53,000
20% conventional investment loan

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

Estimated Gross Rent+$1,272
Principal + Interest−$1,446
Property Tax (~2.1% TX avg)−$464
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-748

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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