Active Listing  ·  18 days on market

4800 Evans Ave #A

Austin, TX 78751
$515,000
2 Bed 1 Bath 1,132 sqft $455/sqft Built 1936 0.10 acres Pool Patterson Heights

Welcome to this charming 1930s bungalow in the heart of Central Austin, offering timeless character, thoughtful updates, and an inviting single-story layout. This 2-bedroom, 1-bath home features original hardwood flooring throughout much of the interior, abundant natural light, and classic architectural details that give the home warmth and personality. The spacious living room is surrounded by windows and anchored by a fireplace, flowing seamlessly into the dining area for an open and comfortable everyday living space. The kitchen offers generous cabinetry and counter space, stainless-steel appliances, and a newer electric range, while a separate laundry room provides additional functionality and convenient access to the outdoors. Both bedrooms are generously sized with multiple windows, and the full bath features charming beadboard detailing and a tiled tub/shower combination. Outside, a covered front porch welcomes you home, while the private fenced yard and patio create a peaceful space for relaxing, entertaining, or gardening beneath mature trees. An established wildflower seed bank brings colorful volunteer blooms to the yard each spring, adding an especially charming seasonal touch. Major improvements provide added peace of mind, including a full roof replacement in February 2024, new stove in July 2025, plumbing replacement in March 2026, foundation repairs in April 2026, and full double-pane window replacement in October 2020. A covered attached carport completes this character-filled Austin property, combining vintage appeal with meaningful updates in a highly convenient central location. Schedule a showing today!

At $455/sqft, this home is priced 16% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4800 Evans Ave #A, Austin, TX 78751

Property Details

Price $515,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,132 sqft
Lot Size 0.10 acres (4,443.12 sqft)
Year Built 1936
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Patterson Heights
County Travis
Zip Code 78751
$/sqft $455/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,725.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245673661
List Date September 4, 2026
Elementary School Reilly
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.

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
200 W 56th St #8102
Koenig Townhomes
$518,000 $340 3 bd / 3 ba 1,525 sqft , 2026-05-11
200 W 56th St #8103
Koenig Townhomes
$519,999 $341 3 bd / 3 ba 1,525 sqft , 2026-05-11
1701 Simond Ave #206
Parkside/Mueller Condos
$525,000 $452 2 bd / 2 ba 1,162 sqft , 2025-10-03
5102 Martin Ave #2
North Loop
$499,000 $533 2 bd / 2 ba 936 sqft , 2026-07-17
3307 Helms St
34th & Helms Condo
$499,000 $588 2 bd / 1 ba 848 sqft , 2026-09-10

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
$2,472/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
$103,000
20% conventional investment loan

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

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (~2.1% TX avg)−$901
Insurance (~0.5%)−$215
Est. Monthly Cash Flow $-1,455

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 September 12, 2026.

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