Active Listing  ·  124 days on market

4500 E Oltorf St #A120

Austin, TX 78741
$198,000
2 Bed 2 Bath 1,004 sqft $197/sqft Built 1985 0.07 acres Pool Monaco Condo

- New HVAC system and ductwork (2026)

- All-new appliances: refrigerator, washer, dryer, stove, microwave, dishwasher

- Both bathrooms updated: new plumbing, tubs, and shower surrounds

- New carpet in living areas and bedrooms

- New LVP flooring in kitchen

- Private balcony with tree-lined views, fireplace and built-in bookshelf in living room

Layout-wise, this is a second-floor, two-bedroom, two-bathroom unit with a real living room, not an afterthought. A fireplace and built-in bookshelf anchor the space, and sliding glass doors lead out to a private, tree-lined balcony. The primary suite sits apart from the secondary bedroom for privacy, with its own balcony access and a walk-in closet.

Location-wise, you're minutes from Downtown Austin, Lady Bird Lake, Rainey Street, and the Oracle campus, with quick access to I-35 and Highway 71.

New systems. New appliances. New floors. Nothing here is used.

At $197/sqft, this home is 50% 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 #A120, Austin, TX 78741

Property Details

Price $198,000
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 $197/sqft
Days on Market ,
HOA $417.46/Monthly
Annual Tax Est. $3,605.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230949386
List Date May 22, 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.

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
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
1601 Faro Dr #1502
Chambord Condo Rev 1999
$189,925 $211 2 bd / 1 ba 900 sqft , 2026-08-04
4500 E Oltorf St #A-111
Monaco Condo
$189,900 $189 2 bd / 2 ba 1,004 sqft , 2026-03-18

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
$950/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$39,600
20% conventional investment loan

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

Estimated Gross Rent+$950
Principal + Interest−$1,081
Property Tax (~2.1% TX avg)−$347
Insurance (~0.5%)−$83
Est. Monthly Cash Flow $-561

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 14, 2026.

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