Active Listing  ·  148 days on market

48 E East Ave #1706

Austin, TX 78701
$495,000
1 Bed 1 Bath 742 sqft $667/sqft Built 2021 0.41 acres Pool Waterfront Natiivo Austin, Zoppp Add

Built for income, designed for flexibility, and positioned in the only downtown Austin high-rise that actually allows it.

There’s also an opportunity to scale. A second, nearly identical unit next door, Unit 1707, is available and can be purchased together, creating efficiency in management and a stronger overall investment position.

This 17th-floor residence is fully furnished and already performing as a short-term rental, with an established Airbnb presence, strong reviews, and a management setup that can transfer seamlessly. No ramp-up, no guessing. It’s already in motion.

Inside, the layout is clean and efficient with floor-to-ceiling windows, an open flow, and a modern kitchen finished with sleek European-style cabinetry and premium appliances. Every piece, from furniture to décor, is dialed in to attract bookings and maximize usability.

Natiivo operates with a hospitality-driven model, offering a rooftop pool with cabanas, fitness center with yoga and Peloton studios, co-working spaces, café and bar, plus 24-hour concierge and valet. It’s built to support both owners and guests at a high level.

Walkability is a major driver here, with Rainey Street, Lady Bird Lake, and some of Austin’s top restaurants and nightlife just outside the door.

At $667/sqft, this home is priced 71% 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

48 E East Ave #1706, Austin, TX 78701

Property Details

Price $495,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 742 sqft
Lot Size 0.41 acres (17,903.16 sqft)
Year Built 2021
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Natiivo Austin, Zoppp Add
County Travis
Zip Code 78701
$/sqft $667/sqft
Days on Market ,
HOA $543/Monthly
Annual Tax Est. $9,776.92
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT224169271
List Date March 28, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
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
48 East Ave #1707
Zoppp Add
$495,000 $708 1 bd / 1 ba 699 sqft , 2026-03-29
505 W 7th St #102
Posada Del Rey Condo Amd
$495,000 $497 2 bd / 2 ba 995 sqft , 2026-06-12
44 East Ave #1706
44 East Ave Condos
$495,000 $920 1 bd / 1 ba 538 sqft , 2026-07-07
48 East Ave #1104
Natiivo Austin
$499,000 $559 1 bd / 1 ba 893 sqft , 2026-03-06
222 West Ave #2207
Seaholm Residences Residential
$499,000 $728 1 bd / 1 ba 685 sqft , 2026-04-24

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
$2,376/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
$99,000
20% conventional investment loan

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

Estimated Gross Rent+$2,376
Principal + Interest−$2,701
Property Tax (~2.1% TX avg)−$866
Insurance (~0.5%)−$206
Est. Monthly Cash Flow $-1,397

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 June 29, 2026.

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