About This Home

This beautiful, spacious one-bedroom condo is ideally located close to Downtown Austin, the airport and Lady Bird Lake. Convenient to shopping, hospital, public transportation and transportation to UT. Enjoy the beautiful views of Downtown Austin as you traverse in your community.

At $231/sqft, this home is 41% 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 #A118, Austin, TX 78741

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Property Details

Price $149,990

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 650 sqft

Lot Size 0.04 acres (1,868.72 sqft)

Year Built 1985

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Monaco Condo Amd

County Travis

Zip Code 78741

$/sqft $231/sqft

Days on Market ,

HOA $280/Monthly

Annual Tax Est. $2,850.13

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT232663665

List Date June 4, 2026

Elementary School Baty

Middle School Del Valle

High School Del Valle

School District ,

Have Questions About This Property?

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 · June 4, 2026 $165,000

Current ask $149,990

▼ Reduced $15,010 (-9.1%) 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

2124 Burton Dr #133
Tollgate Condo Amd $150,000 $187 2 bd / 2 ba 802 sqft , 2026-09-09

1601 Faro Dr #2403
Chambord Condo Rev 1999 $149,800 $204 1 bd / 1 ba 736 sqft , 2026-02-13

1840 Burton Dr #172
Silverado Condo Amd $154,900 $334 1 bd / 1 ba 464 sqft , 2026-05-06

2124 Burton Dr #125
Tollgate Condo Amd $143,000 $178 2 bd / 2 ba 802 sqft , 2026-01-20

4500 E Oltorf St #C-306
Monaco Condo Amd $159,000 $187 2 bd / 1 ba 850 sqft , 2026-07-23

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

$720/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

$29,998

20% conventional investment loan

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

Estimated Gross Rent+$720

Principal + Interest−$819

Property Tax (~2.1% TX avg)−$262

Insurance (~0.5%)−$62

Est. Monthly Cash Flow $-423

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

About the Author

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 →

4500 E Oltorf St #A118