Active Listing  ·  42 days on market

4315 S Congress Ave #220

Austin, TX 78745
$152,310
1 Bed 1 Bath 534 sqft $285/sqft Built 2023 0.01 acres Pool Congress Lofts Condos

This is an income restricted affordable housing unit at Congress Lofts, subject to a recorded City of Austin Affordable Housing Covenant (Travis County Document No. 2025120613, 99 year term). This is not a traditional resale. Buyers must be certified by the City of Austin (AHFC) as an Eligible Buyer prior to purchase, with household income at or below 60% of the Austin Round Rock MSA median family income (adjusted for household size) and subject to asset limits. Resale price is capped by covenant formula (2% simple annual appreciation on the original purchase price, not market value), and the City of Austin holds a right of first refusal on any future sale. Buyer must occupy as their primary residence; the unit cannot be used as a rental or investment property. Buyers should review and begin the AHFC Income Eligibility Packet (attached in MLS) with their lender early, as approval is required before closing. Listing agent is experienced with this program and available to help guide buyers through the process.

At $285/sqft, this home is 27% 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

4315 S Congress Ave #220, Austin, TX 78745

Property Details

Price $152,310
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 534 sqft
Lot Size 0.01 acres (270.07 sqft)
Year Built 2023
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Congress Lofts Condos
County Travis
Zip Code 78745
$/sqft $285/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. $3,150.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239714711
List Date July 13, 2026
Elementary School Galindo
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
4307 S 1st St #206
Pharo Condo
$175,000 $295 1 bd / 1 ba 594 sqft , 2026-08-15
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
$731/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
$30,462
20% conventional investment loan

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

Estimated Gross Rent+$731
Principal + Interest−$831
Property Tax (~2.1% TX avg)−$267
Insurance (~0.5%)−$63
Est. Monthly Cash Flow $-430

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 18, 2026.

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