$198,000

Property Overview

This East Riverside condo at 4500 Oltorf Street offers exceptional value in one of Austin's most dynamic neighborhoods, priced 36 percent below area median at just $197 per square foot. The freshly renovated two-bedroom, two-bathroom residence features a generously proportioned living room flooded with natural light, anchored by a fireplace and built-in shelving that opens directly onto a tree-lined balcony. Recent updates throughout include new 2026 carpet, recessed lighting, ceiling fans, and a complete stainless steel appliance package, creating a move-in ready environment with neutral finishes and modern appeal.

The galley kitchen maximizes functionality within its compact footprint, offering smart storage solutions and easy workflow. Located on the second floor of Monaco Condo, this unit provides a tucked-away retreat while maintaining proximity to Lady Bird Lake, downtown amenities, and the evolving East Riverside corridor. The neighborhood's rapid transformation continues to attract buyers seeking urban convenience without premium pricing, supported by expanding transit options and new development reshaping this historically undervalued area of Austin, TX.

Vox Residential Insight

We're seeing serious momentum in East Riverside, and this listing at 4500 Oltorf represents exactly why savvy buyers are moving here now. For the price point and the fresh condition, this condo offers the kind of value proposition that won't hold inventory long in a neighborhood this close to downtown and positioned for long-term appreciation.

Agent Description

In East Austin, this 2-bedroom, 2-bathroom condo in Monaco Condo brings together fresh updates, a spacious layout, and the kind of location buyers search for near Downtown and Lady Bird Lake. With a 2nd-floor entry and tree-filled balcony views, the home offers a tucked-away feel while staying close to the middle of everything happening in Central Austin. The living room is very spacious, with plenty of room to spread out, natural light pouring in through the sliding glass doors, a fireplace, built-in bookshelf, and direct access to the balcony overlooking the trees. Freshly painted neutral-toned walls and ceilings, new recessed lighting, fixtures, and ceiling fans, new 2026 carpet, in the living and bedrooms, and laminate flooring in the kitchen give the interior a fresh, easygoing feel. The galley-style kitchen makes smart use of the footprint, maximizing both prep space and storage while keeping everything within reach. Stainless appliances, all replaced in 2026, pair with ample cabinetry and generous countertop space. The primary suite sits quietly away from the main living spaces and includes its own sliding glass door to the balcony, creating an extension of the bedroom. The ensuite bathroom features a newly updated 2026 shower, while the walk-in closet offers substantial storage. The secondary bedroom is positioned near the guest bathroom, which received a new bathtub and shower in 2026. New washer and dryer convey! Additional updates include HOA foundation repairs completed in 2025 along with a 2026 HVAC system and ductwork replacement, giving buyers confidence in the larger-ticket improvements already completed. Living at Monaco Condo places you minutes from Downtown Austin, Lady Bird Lake, Rainey Street, South Congress, Oracle Campus, and the growing East Riverside corridor. With quick access to I-35, Highway 71, and the Austin Airport, this location continues to stand out for its convenience, outdoor access, and close connection to the center of Austin.

Neighborhood: East Riverside

This property is located in East Riverside, Austin, TX. The area is known for Rapid Transformation, Affordable Urban Living, Lady Bird Lake Access, New Development, Transit Improvements.

At $197/sqft, this listing is priced 30% below the East Riverside median of $283/sqft.

Property Details

Listing data last updated: July 16, 2026

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