Active Listing  ·  6 days on market

909 E Oltorf St #201

Austin, TX 78704
$325,000
3 Bed 2 Bath 1,288 sqft $252/sqft Built 1967 0.07 acres Pool Council Ridge Condominia Amd

LOCATION! Conveniently situated near Downtown Austin, I-35, SoCo and major east/west routes, with a bus stop just outside the community gate. This 3-bedroom, 2-bath condo offers a private covered patio, plus a unique direct-access path from the covered parking space to the patio and entry door. A second entry point allows guests to park in front and walk directly up. Enjoy coffee or outdoor time on the private back patio, with the community laundry building behind the property rather than another residence directly facing the patio. Recent improvements include all new flooring and interior paint (2025). HVAC is approximately 9 years old and roof approximately 5 years old. The stackable washer/dryer and refrigerator convey. Ready for immediate move in!

At $252/sqft, this home is 36% 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

909 E Oltorf St #201, Austin, TX 78704

Property Details

Price $325,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,288 sqft
Lot Size 0.07 acres (3,253.93 sqft)
Year Built 1967
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Council Ridge Condominia Amd
County Travis
Zip Code 78704
$/sqft $252/sqft
Days on Market ,
HOA $425/Monthly
Annual Tax Est. $6,977.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246157583
List Date September 17, 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
2009 Iroquois Ln #B
East Riverside - Oltorf
$325,000 $224 2 bd / 3 ba 1,450 sqft , 2026-03-17
2605 Witsome Loop #40 C
Edgewick Condo
$325,000 $218 2 bd / 3 ba 1,490 sqft , 2026-07-18
2215 Post Rd #1039
Travis Oaks Condo Amd
$329,000 $350 2 bd / 3 ba 941 sqft , 2026-09-01
2001 Tramson Dr
Edgewick
$319,000 $215 3 bd / 3 ba 1,483 sqft , 2026-07-31
1904 Cleese Dr
Edgewick Condo
$315,000 $259 2 bd / 2 ba 1,216 sqft , 2026-07-29

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
$1,560/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
$65,000
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-918

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 19, 2026.

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