Active Listing  ·  347 days on market

745 E Oltorf St E #201

Austin, TX 78704
$299,900
2 Bed 1 Bath 923 sqft $325/sqft Built 1967 0.05 acres Pool Council Ridge Condominia Amd

Come by and tour this fully renovated condo with an upstairs bedroom/loft area in a gated community that is only a short walk to St. Edwards. Everything in the condo is new - new stainless steel appliances, new floors, fresh paint, new quartz counters and cabinets in the kitchen and bath, and new HVAC! This is one of the few units to have it's own washer and dryer in the unit, in the loft area closet upstairs. Or you can remove them and have a fully functional loft bedroom if you wish! On site beautiful pool and relaxing clubhouse just steps away. If downtown is your thing, you are only a few minutes away! Lots of employers are a short distance away, as well as, UT, St. Edwards, and ACC. ABIA is less than 5 miles away also. Located just off Oltorf, this home offers unbeatable access to South Congress, East Riverside, and downtown Austin. With trendy restaurants, shopping, nightlife, and Lady Bird Lake all within minutes, you’ll love the vibrant lifestyle that comes with living here.

At $325/sqft, this home is 17% 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

745 E Oltorf St E #201, Austin, TX 78704

Property Details

Price $299,900
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 923 sqft
Lot Size 0.05 acres (2,334.82 sqft)
Year Built 1967
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Council Ridge Condominia Amd
County Travis
Zip Code 78704
$/sqft $325/sqft
Days on Market ,
HOA $329.53/Monthly
Annual Tax Est. $4,438.71
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT205328049
List Date August 22, 2025
Elementary School Travis Hts
Middle School Lively
High School Travis
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
935 La Posada Dr #212
La Costa
$299,900 $286 2 bd / 2 ba 1,050 sqft , 2024-02-09
2509 Pearl St #7
Valencia Condo
$299,900 $335 2 bd / 2 ba 895 sqft , 2026-02-05
8604 Dittmar Oaks Dr
Dittmar Crossing
$299,900 $289 3 bd / 1 ba 1,036 sqft , 2026-04-06
6501 Brush Country Rd #109
Westcreek Landing Condo
$299,900 $243 2 bd / 2 ba 1,232 sqft , 2025-11-14
4510 Terry-O Ln #210
Station at St Elmo
$299,900 $399 1 bd / 1 ba 752 sqft , 2026-04-13

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
$1,440/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
$59,980
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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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