Active Listing  ·  28 days on market

835 E Oltorf St

Austin, TX 78704
$375,000
2 Bed 2 Bath 1,101 sqft $341/sqft Built 1967 0.06 acres Pool Council Ridge Condominia Amd

Tucked inside a private gated community in the heart of 78704, this freshly painted two bedroom, one and a half bath townhome offers two story living with a rare combination of privacy, convenience, and lock and leave ease. The home is currently operating as an active Airbnb, and all furnishings are negotiable, excluding the kitchen table and a few select art pieces, creating an opportunity for a truly turnkey purchase.

The location puts you minutes from South Congress and neighborhood favorites including Curra’s Grill and The Greek Bar, with the newly rebuilt SoCo HEB nearby. The community backs to Blunn Creek Nature Preserve, offering a peaceful setting while remaining close to some of South Austin’s best dining, shopping, and entertainment.

Low HOA dues deliver exceptional value and include water, trash, structural insurance, landscaping, and community amenities including a pool, pool house, barbecue area, and dedicated dog area. Recent community improvements include a newer roof and updated carports. One reserved covered parking space is included.

Fresh, turnkey, and ideally located, this is an easy 78704 lifestyle with the added flexibility of an established short term rental.

At $341/sqft, this home is 13% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

835 E Oltorf St, Austin, TX 78704

Property Details

Price $375,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,101 sqft
Lot Size 0.06 acres (2,792.2 sqft)
Year Built 1967
Garage ,
Stories ,
Type Residential · Townhouse
Subdivision Council Ridge Condominia Amd
County Travis
Zip Code 78704
$/sqft $341/sqft
Days on Market ,
HOA $393/Monthly
Annual Tax Est. $6,281
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244512023
List Date August 26, 2026
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.

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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
2017 Geniveive Ln
Edgewick Condo
$375,000 $258 3 bd / 3 ba 1,456 sqft , 2026-09-18
2215 Post Rd #2084
Travis Oaks Condo Amd
$379,000 $388 2 bd / 2 ba 977 sqft , 2026-08-21
2303 East Side Dr #210
Creekside Terrace Condo
$365,000 $330 2 bd / 2 ba 1,105 sqft , 2026-08-26
2215 Post Rd #1018
Travis Oaks Condo Amd
$399,000 $408 2 bd / 2 ba 977 sqft , 2026-07-03
2004 Tripshaw Ln #73C
Edgewick Condo
$350,000 $249 2 bd / 3 ba 1,408 sqft , 2026-09-16

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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 21, 2026.

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