Active Listing  ·  65 days on market

4903 Richmond Ave #B

Austin, TX 78745
$297,000
2 Bed 1 Bath 759 sqft $391/sqft Built 1973 0.13 acres Pool Glenwood Square

Live on Richmond Avenue and with so much to enjoy for under $320k. Priced-to-sell! The carpet-free home features modern renovations with updated appliances and is located in the highly coveted South Manchaca neighborhood (nothing else available at this price-point in the area). You're walking distance to the Williamson Creek Greenbelt (miles of trails that goes all the way to McKinney Falls State Park and the Onion Creek Greenbelt); minutes to Garrison Park, Central Market, and everything South Lamar, South First, and South Congress have to offer--all while being able to retreat to your home, just a few minutes south. On days and nights in, enjoy your spacious backyard that has a rare wooded view directly behind you (not houses).

Stop by during the upcoming open house--Saturday, June 27 from 10:00AM to 11:30AM.

At $391/sqft, this home is priced in line with the Austin market average of $390/sqft across 4,688 active listings. View Austin market report →

Location

4903 Richmond Ave #B, Austin, TX 78745

Property Details

Price $297,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 759 sqft
Lot Size 0.13 acres (5,662.8 sqft)
Year Built 1973
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Glenwood Square
County Travis
Zip Code 78745
$/sqft $391/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235760976
List Date June 10, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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
4004 Banister Ln #209
Mesa Condos
$295,000 $437 1 bd / 1 ba 675 sqft , 2026-06-25
5704 Cedardale Dr
Flournoys Sweetbriar Sec 04
$299,000 $311 3 bd / 1 ba 962 sqft , 2025-11-18
4004 Banister Ln #211
Banister Heights
$300,000 $444 1 bd / 1 ba 675 sqft , 2026-07-27
4802 S Congress Ave #403
The Bend Condominiums
$310,000 $459 1 bd / 1 ba 675 sqft , 2026-05-27
4802 S Congress Ave #411
Bend Condos
$310,000 $427 1 bd / 1 ba 726 sqft , 2026-07-06

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
$1,426/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
$59,400
20% conventional investment loan

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

Estimated Gross Rent+$1,426
Principal + Interest−$1,621
Property Tax (~2.1% TX avg)−$520
Insurance (~0.5%)−$124
Est. Monthly Cash Flow $-839

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 July 20, 2026.

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