4506 Progress ST
About This Property
The spacious living and dining areas flow seamlessly, filled with natural light and designed to accommodate gatherings of any size. Upstairs, the primary suite offers a true retreat, complete with a spa-inspired bath featuring dual vanities, a soaking tub, walk-in shower, and generous closet space. Secondary bedrooms are well-proportioned, offering flexibility for guests, office, or fitness needs. The private, fenced courtyard and patio is an inviting outdoor space ideal for pets or entertaining, all with minimal maintenance. Additional features include an attached alley-entry garage, smart home capabilities, central vacuum, and a private elevator providing convenient access across all levels. Situated just steps from The Grove's signature green spaces, walking trails, and vibrant retail district-this home offers a truly connected lifestyle just minutes from Downtown, The Domain, UT, and Austin's medical district.
This is a rare opportunity to own a turn-key, luxury residence in one of Austin's most dynamic and walkable communities.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 7, 2026 | In contract | - | |
| In contract | |||
| Apr 25, 2026 | Relisted | $985,000 | |
| Relisted | |||
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Apr 4, 2026 | Listed by Keller Williams Realty | $985,000 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/04/2026
| |
3 Bed
|
3 Bath
|
2584 ft²
|
$985,000
3 Bed
3 Bath
2584 ft²
|
$985,000
04/04/2026
|
Michael Scheffe
Keller Williams - Austin SW
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017