Active Listing  ·  62 days on market

4500 E Oltorf St #C-306

Austin, TX 78741
$159,000
2 Bed 1 Bath 850 sqft $187/sqft Built 1985 0.06 acres Pool Monaco Condo Amd

NEW $5,000 SELLER INCENTIVE | TURNKEY EAST AUSTIN LIVING!

Welcome to urban convenience and smart design at 4500 E Oltorf St, Unit C306 in vibrant Austin, TX (78741). This popular 2-bedroom, 1-bathroom, 850 sq ft residence offers a bright, open-concept layout with modern styling and exceptional natural light throughout.

Now Offering a $5,000 Buyer Incentive: The seller is offering a $5,000 credit toward your closing costs or a mortgage rate buydown with an accepted offer—making it easier than ever to secure your next home or investment with reduced out-of-pocket expenses.

Property Highlights:

Functional 850 Sq Ft Layout: Features two well-proportioned bedrooms, a stylish full bath, and an efficient living space tailored for comfort.

Prime East Riverside Location: Situated just minutes from Downtown Austin, Lady Bird Lake hike-and-bike trails, the Oracle campus, and the area's best dining and entertainment hotspots.

Investment & First-Time Buyer Appeal: High rental demand corridor combined with turnkey finishes makes this an unbeatable value proposition in Austin's core.

At $187/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 #C-306, Austin, TX 78741

Property Details

Price $159,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 850 sqft
Lot Size 0.06 acres (2,426.29 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Monaco Condo Amd
County Travis
Zip Code 78741
$/sqft $187/sqft
Days on Market ,
HOA $357.18/Monthly
Annual Tax Est. $3,462.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240848090
List Date July 23, 2026
Elementary School Baty
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
2124 Burton Dr #136
Tollgate Condo Amd
$165,000 $206 2 bd / 2 ba 802 sqft , 2026-07-06
2124 Burton Dr #133
Tollgate Condo Amd
$150,000 $187 2 bd / 2 ba 802 sqft , 2026-09-09
4500 E Oltorf St #A118
Monaco Condo Amd
$149,990 $231 1 bd / 1 ba 650 sqft , 2026-06-04
2450 Wickersham Ln #1606
Chamonix Condo Amd
$149,900 $141 2 bd / 2 ba 1,060 sqft , 2026-03-24
1601 Faro Dr #2403
Chambord Condo Rev 1999
$149,800 $204 1 bd / 1 ba 736 sqft , 2026-02-13

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
$763/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
$31,800
20% conventional investment loan

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

Estimated Gross Rent+$763
Principal + Interest−$868
Property Tax (~2.1% TX avg)−$278
Insurance (~0.5%)−$66
Est. Monthly Cash Flow $-449

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 →