Active Listing  ·  13 days on market

4709 Depew Ave #2

Austin, TX 78751
$550,000
3 Bed 2 Bath 1,118 sqft $492/sqft Built 2026 0.05 acres Pool Ridgetop Annex

New construction, almost complete, and it comes with a new home warranty! This modern 3-bedroom, 2-bath two-story townhome offers 1,118 sq ft in an amazing central Austin location, just 1/2 mile from Mueller Lake Park and about 1.5 miles to the UT campus. The open first floor features a bright kitchen, dining and living area with a large island with a slatted wood accent, shaker-style cabinetry, a herringbone tile backsplash, stainless appliances and wood-look vinyl plank flooring, plus a first-floor bedroom and full bath with a tiled walk-in shower. Upstairs are two more bedrooms, a full bath with dual vanities and a tiled shower, a laundry area, and a private terrace off the second bedroom. Recessed lighting and ceiling fans throughout. Outside, the low-maintenance design includes a large privacy-fenced yard and driveway parking, for easy living in an ideal location. No HOA dues.

At $492/sqft, this home is priced 26% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4709 Depew Ave #2, Austin, TX 78751

Property Details

Price $550,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,118 sqft
Lot Size 0.05 acres (2,334.82 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Townhouse
Subdivision Ridgetop Annex
County Travis
Zip Code 78751
$/sqft $492/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249549417
List Date October 11, 2026
Elementary School Ridgetop
Middle School Lamar (Austin ISD)
High School McCallum
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
1308 BROADMOOR Dr
WINDSOR PARK SEC 4A
$549,000 $400 3 bd / 2 ba 1,372 sqft , 2026-05-04
5303 Avenue H None
Highlands
$560,000 $686 2 bd / 1 ba 816 sqft , 2026-08-14
1011 E 45th St
Hancock - North Hyde Park - Braswell
$535,000 $444 3 bd / 1 ba 1,206 sqft , 2026-09-09
5502 Avenue F None #B
Avenue F Condominiums
$534,500 $526 2 bd / 2 ba 1,017 sqft , 2026-08-27
1701 Simond Ave #304
Parkside/Mueller Condos
$530,000 $456 2 bd / 2 ba 1,162 sqft , 2026-04-23

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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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 19, 2026.

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