Active Listing  ·  9 days on market

4307 S 1st St #206

Austin, TX 78745
$175,000
1 Bed 1 Bath 594 sqft $295/sqft Built 1982 0.04 acres Pool Pharo Condo

Welcome to this charming and thoughtfully updated 1-bedroom, 1-bathroom condo in a fantastic central Austin location! The inviting layout offers comfortable living spaces, a cozy fireplace, and a nicely updated kitchen featuring modern appliances. The bedroom opens to a large private porch—perfect for morning coffee or relaxing outdoors. The bathroom is functional and nicely appointed with a recently updated walk-in shower.

Enjoy the convenience of being just minutes from downtown Austin, St. David’s Medical Center, and Austin-Bergstrom International Airport. The HOA covers exterior maintenance, roof, and water, making ownership simple and low-maintenance. The property is also on the hospital power grid and, according to the seller, has not lost power in approximately 10 years. Month to month rentals are reportedly allowed; buyer and buyer’s agent should independently verify all rental restrictions and HOA policies. A great opportunity for an owner-occupant or investor seeking a centrally located Austin property with updates, outdoor space, and convenient access to everything the city has to offer.

At $295/sqft, this home is 25% 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

4307 S 1st St #206, Austin, TX 78745

Property Details

Price $175,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 594 sqft
Lot Size 0.04 acres (1,790.32 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Pharo Condo
County Travis
Zip Code 78745
$/sqft $295/sqft
Days on Market ,
HOA $335/Monthly
Annual Tax Est. $3,597.62
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243309651
List Date August 15, 2026
Elementary School St Elmo
Middle School Mendez
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.

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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
3744 VALLEY VIEW Rd #C
SLEEPY HOLLOW PHS II
$185,000 $329 1 bd / 1 ba 563 sqft , 2026-07-02
3018 1st St #109
Loft Condo Amd The
$189,900 $329 1 bd / 1 ba 578 sqft , 2025-07-18
3018 S 1st St #205
Loft Condo Amd The
$195,000 $345 1 bd / 1 ba 565 sqft , 2026-07-22
4315 S Congress Ave #220
Congress Lofts Condos
$152,310 $285 1 bd / 1 ba 534 sqft , 2026-07-13
4307 S 1st St #108
Pharo Condo
$200,000 $337 1 bd / 1 ba 594 sqft , 2026-08-21

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
$840/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
$35,000
20% conventional investment loan

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

Estimated Gross Rent+$840
Principal + Interest−$955
Property Tax (~2.1% TX avg)−$306
Insurance (~0.5%)−$73
Est. Monthly Cash Flow $-494

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 20, 2026.

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