Active Listing  ·  189 days on market

4500 E Oltorf St #A-111

Austin, TX 78741
$189,900
2 Bed 2 Bath 1,004 sqft $189/sqft Built 1985 0.07 acres Pool Monaco Condo

This main-floor Monaco Condo, in 78741, features 2 bedrooms and 2 full bathrooms with a large primary closet and rare, private oversized patio and quick access to SOCO, the Hike and Bike Trail, and downtown Austin. Located in a prime location in the community, this first-floor unit offers a connected layout and an easy Central Austin lifestyle, where outdoor access, nearby dining, and a short commute into the city all come together in one location. The living room, dining area, and kitchen flow together in one open-concept space, creating a layout that keeps everything within reach. The kitchen is positioned just off the main living area and includes tile countertops and backsplash, a stainless electric range, built-in microwave, and a breakfast counter for casual seating or prep space. A sliding glass door from the living and dining area leads directly to the back patio, bringing in natural light and extending the main living space outdoors. Set toward the back of the unit, the primary suite has its own sliding glass door to the patio, along with a large walk-in closet and an ensuite bathroom. The second bedroom is similar in size and sits with direct access to the guest bathroom, giving both rooms a comfortable and functional setup. A laundry closet with space for full-size machines is located inside. Vinyl plank flooring runs throughout the main areas, with tile in the kitchen and bathrooms. The rare, oversized patio stands out, offering a fully fenced space with xeriscape landscaping and no rear neighbors. It creates a quiet outdoor area that feels separate from surrounding units and adds another place to spend time throughout the day. Living in Monaco places you less than 6 minutes from SOCO, 5 miles to Downtown Austin and UT, and just blocks from the Hike and Bike Trail. With quick access to Riverside Drive and I-35, this location keeps daily routines, outdoor time, and some of Austin’s most recognized dining and entertainment options all within close reach.

At $189/sqft, this home is 52% 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

4500 E Oltorf St #A-111, Austin, TX 78741

Property Details

Price $189,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,004 sqft
Lot Size 0.07 acres (2,883.67 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Monaco Condo
County Travis
Zip Code 78741
$/sqft $189/sqft
Days on Market ,
HOA $291.45/Monthly
Annual Tax Est. $4,303.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222786306
List Date March 18, 2026
Elementary School Smith
Middle School Ojeda
High School Del Valle
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 18, 2026 $215,000
Previous ask $193,000
Current ask $189,900
Reduced $25,100 (-11.7%) 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
1601 Faro Dr #1502
Chambord Condo Rev 1999
$189,925 $211 2 bd / 1 ba 900 sqft , 2026-08-04
4500 E Oltorf St #A120
Monaco Condo
$198,000 $197 2 bd / 2 ba 1,004 sqft , 2026-05-22
1845 River Crossing Cir #A
River Crossing Condominiums
$199,000 $184 2 bd / 2 ba 1,082 sqft , 2026-01-29
1601 Faro Dr #1404
Chambord Condo Rev 1999
$199,000 $196 2 bd / 2 ba 1,017 sqft , 2026-09-21
4500 E Oltorf St #D410
Monaco Condo Amd
$199,999 $199 2 bd / 2 ba 1,004 sqft , 2026-04-06

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
$912/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
$37,980
20% conventional investment loan

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

Estimated Gross Rent+$912
Principal + Interest−$1,036
Property Tax (~2.1% TX avg)−$332
Insurance (~0.5%)−$79
Est. Monthly Cash Flow $-535

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 September 20, 2026.

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