Active Listing  ·  13 days on market

4510 Terry O Ln #223

Austin, TX 78745
$327,990
1 Bed 1 Bath 861 sqft $381/sqft Built 2023 0.02 acres 1-Car Garage Pool New Construction South Austin Industrial Park, Section A

Welcome to Unit 223 at The Station at St. Elmo, a thoughtfully designed second-floor one-bedroom residence in the heart of one of South Austin’s most exciting emerging neighborhoods. Blending contemporary finishes with the community’s signature industrial-inspired design, this residence offers an open, efficient floor plan with a modern kitchen, quartz countertops, stainless appliances, LVP flooring, generous natural light, in-unit laundry, and a private balcony that extends the living space outdoors.

The Station at St. Elmo was designed around lifestyle and livability, with an impressive collection of resident amenities including a resort-style courtyard pool, fitness studio, resident lounges, library, yoga/ballet studio, dog park and pet spa, outdoor grilling and entertaining areas, conference facilities, and gated covered parking.

Located just off South Congress in the rapidly growing St. Elmo District, residents are surrounded by some of South Austin’s best dining, coffee, breweries, entertainment, and recreation, with The Yard and the greater St. Elmo community just moments away. Easy access to South Congress, Ben White/US-290, I-35, Downtown Austin, and Austin-Bergstrom International Airport makes this an ideal home base for enjoying everything Austin has to offer.

At $381/sqft, this home is 3% 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

4510 Terry O Ln #223, Austin, TX 78745

Property Details

Price $327,990
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 861 sqft
Lot Size 0.02 acres (797.15 sqft)
Year Built 2023
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision South Austin Industrial Park, Section A
County Travis
Zip Code 78745
$/sqft $381/sqft
Days on Market ,
HOA $275/Monthly
Annual Tax Est. $4,579.87
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243069650
List Date August 11, 2026
Elementary School Galindo
Middle School Mendez
High School Eastside Early College
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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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
4315 S Congress Ave #317
Congress Lofts Condominiums
$329,000 $406 1 bd / 1 ba 811 sqft , 2026-08-18
4510 Terry-O Ln #205
South Austin Indust Park Ph A
$326,500 $456 1 bd / 1 ba 716 sqft , 2026-05-06
4510 Terry O Ln #207
Station at St Elmo Condos
$325,000 $377 1 bd / 1 ba 861 sqft , 2026-03-12
4510 Terry O Ln #419
The Station at St Elmo
$339,000 $451 1 bd / 1 ba 752 sqft , 2026-05-15
4802 S Congress Ave #403
The Bend Condominiums
$310,000 $459 1 bd / 1 ba 675 sqft , 2026-05-27

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
$1,574/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
$65,598
20% conventional investment loan

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

Estimated Gross Rent+$1,574
Principal + Interest−$1,790
Property Tax (~2.1% TX avg)−$574
Insurance (~0.5%)−$137
Est. Monthly Cash Flow $-927

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 12, 2026.

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