Active Listing  ·  289 days on market

4510 Terry-O Ln #302

Austin, TX 78745
$399,000
2 Bed 2 Bath 1,122 sqft $356/sqft Built 2024 0.02 acres 2-Car Garage Pool S Austin Industrial Park

Motivated Seller! Discover this exceptional 2-bedroom, 2-bathroom condo that perfectly blends urban excitement with peaceful living. Located in the heart of the vibrant South Congress district, you're just minutes from downtown Austin and have direct access to Hwy 71 and IH 35. Walk to popular dining and entertainment spots and decompress at the community pool with a grilling area! The other upscale amenities include a yoga studio, private studies, and a wonderful gym.

This sleek, modern retreat features an open floor plan with wide plank flooring and an updated kitchen designed for entertaining, complete with high-end stainless steel appliances, granite countertops, an oversized island; and for effortless living, a washer, dryer, and refrigerator are all included. Your new home comes with an abundant storage room just down the hall and two reserved parking spaces - one of which comes with your own electric charging station!!! End Unit - no neighbors to your right!!!

At $356/sqft, this home is 9% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4510 Terry-O Ln #302, Austin, TX 78745

Property Details

Price $399,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,122 sqft
Lot Size 0.02 acres (1,054.15 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision S Austin Industrial Park
County Travis
Zip Code 78745
$/sqft $356/sqft
Days on Market ,
HOA $333/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT214564919
List Date December 24, 2025
Elementary School Galindo
Middle School Bedichek
High School Travis
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 · December 24, 2025 $429,000
Previous ask $422,000
Current ask $399,000
▼ Reduced $30,000 (-7.0%) 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
402 Philco Dr
Alamo Heights Sec 02
$399,000 $329 3 bd / 1 ba 1,212 sqft , 2026-08-05
5421 Blue Bird Ln #2
BLUE BIRD CONDOMINIUMS
$389,000 $368 2 bd / 3 ba 1,056 sqft , 2026-09-28
407 Tamworth Ave
Greenwood Hills Sec 04
$379,900 $397 3 bd / 2 ba 956 sqft , 2026-09-28
5413 Blue Bird Ln #2
Blue Bird Condominiums
$379,000 $367 2 bd / 3 ba 1,032 sqft , 2026-09-08
504 Heartwood Dr
Community Fairview Sec 02
$419,000 $309 3 bd / 2 ba 1,358 sqft , 2026-03-19

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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 October 3, 2026.

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