Active Listing  ·  7 days on market

4903 Richmond Ave #B

Austin, TX 78745
$255,000
2 Bed 1 Bath 791 sqft $322/sqft Built 1973 0.13 acres Pool Richmond Ave

Fresh opportunity in South Austin at an incredible price! Discover exceptional value in this updated, move-in-ready home featuring a private fenced yard and the added bonus of no neighboring residence on one side. Offering the feel and privacy of a duplex-style residence with condominium ownership, this property is an attractive alternative to traditional condo living. Enjoy an established South Austin location convenient to shopping, dining, and major commuter routes. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home offers an appealing combination of affordability, privacy, and convenience. Offered as-is, yet move-in ready! Schedule your private showing today!

At $322/sqft, this home is 17% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4903 Richmond Ave #B, Austin, TX 78745

Property Details

Price $255,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 791 sqft
Lot Size 0.13 acres (5,758.63 sqft)
Year Built 1973
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Richmond Ave
County Travis
Zip Code 78745
$/sqft $322/sqft
Days on Market ,
HOA $120/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251886527
List Date November 5, 2026
Elementary School Crockett
Middle School Covington
High School Crockett
School District Austin ISD

Austin ISD

Crockett · Covington · Crockett

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
4802 S Congress Ave #213
The Bend Condominiums
$250,000 $303 1 bd / 1 ba 824 sqft , 2026-10-22
3819 Southway Dr #211
SOUTHRIDGE SEC 2
$260,000 $317 2 bd / 1 ba 820 sqft , 2026-08-07
1706 Redd St #2
1706 Redd Condos
$249,900 $245 3 bd / 2 ba 1,021 sqft , 2026-10-05
4802 S Congress Ave #217
Bend Condos
$265,000 $321 1 bd / 1 ba 825 sqft , 2025-12-31
4004 Banister Ln #202
Mesa Condominiums
$270,000 $310 1 bd / 1 ba 870 sqft , 2026-08-24

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
$1,224/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
$51,000
20% conventional investment loan

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

Estimated Gross Rent+$1,224
Principal + Interest−$1,392
Property Tax (assumed ~2.1%)−$446
Insurance (assumed ~0.5%)−$106
Est. Monthly Cash Flow $-720

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 · 41 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. The written content was last updated on November 6, 2026.

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

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