Active Listing  ·  12 days on market

6501 E Hill Dr #111

Austin, TX 78731
$265,000
2 Bed 2 Bath 1,080 sqft $245/sqft Built 1968 0.03 acres Pool Imperial Condo

Live in the heart of Northwest Hills w/ a pool just outside the unit, a flexible roommate-friendly layout & easy access to the best of Austin! This remodeled 2-bedroom, 2-bath condo offers a comfortable single-level living w/ both bedrooms on the main floor, private keypad locks on the bedroom doors & a full bath setup ideal for roommates, guests or investment use. The bright living & dining areas flow into an open galley kitchen featuring, breakfast bar, pantry, recessed lighting, generous cabinetry & included appliances. Wood & tile flooring, fresh interior paint, ceiling fans, a walk-in closet, walk-in shower, in-unit washer/dryer, updated A/C & newer garbage disposal add everyday comfort. Step outside & enjoy the relaxing community pool only moments from your door, plus assigned parking & guest spaces. The special HOA assessment has been paid in full, while monthly dues include gas, water, sewer, wastewater, drainage, trash & recycling, leaving the owner or tenant responsible for electricity only. Quiet community setting near H-E-B, dining, neighborhood conveniences, highly regarded Austin ISD schools, a nearby bus stop, Mopac & Hwy 183, plus quick access to The Domain, UT, Downtown Austin, Apple & other major employers. A smart opportunity for an owner-occupant, roommates or rental investment!

At $245/sqft, this home is 37% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

6501 E Hill Dr #111, Austin, TX 78731

Property Details

Price $265,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,080 sqft
Lot Size 0.03 acres (1,341.65 sqft)
Year Built 1968
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Imperial Condo
County Travis
Zip Code 78731
$/sqft $245/sqft
Days on Market ,
HOA $472/Monthly
Annual Tax Est. $3,138.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240679307
List Date July 23, 2026
Elementary School Doss (Austin ISD)
Middle School Murchison
High School Anderson
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
6821 Old Quarry Ln
Townhomes Northwest Hills
$265,000 $276 2 bd / 2 ba 961 sqft , 2026-03-21
4802 S Congress Ave #217
Bend Condos
$265,000 $321 1 bd / 1 ba 825 sqft , 2025-12-31
9226 Jollyville Rd #122
Arcadia Condo Amd
$265,000 $231 1 bd / 2 ba 1,148 sqft , 2026-02-25
4307 1st St S #101
Pharo Condo
$265,000 $270 2 bd / 2 ba 982 sqft , 2025-08-31
12500 Lamppost Ln #16
CAPITAL A CONDOMINIUMS AT LAMPPOST
$265,000 $190 3 bd / 3 ba 1,398 sqft , 2026-04-29

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
$1,272/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
$53,000
20% conventional investment loan

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

Estimated Gross Rent+$1,272
Principal + Interest−$1,446
Property Tax (~2.1% TX avg)−$464
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-748

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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