$375,000
3 bd · 3 ba · 1,840 sqft
5501-A Charles Merle Dr #20, Austin, TX 78747
5501-A Charles Merle Dr #20, Austin, TX 78747 is a 3-bedroom, 3-bathroom condominium listed at $375,000 ($204/sqft). 1,840 sqft. Built in 2019. MLS #7185625. Listed by Lumena Realty.
Property Overview
This income-producing townhouse at 5501-A Charles Merle Drive offers South Austin investors an established rental opportunity with immediate cash flow. Built in 2019, the three-bedroom, three-bathroom residence spans 1,840 square feet across two stories and currently generates $1,900 monthly rental income from a stable tenant. The modern kitchen features stainless steel appliances, while an open-concept layout maximizes natural light throughout the home. A private balcony overlooks the Goodnight Ranch community's scenic pond and walking trails, creating an appealing retreat space.
The property sits within one of South Austin's most sought-after communities, where residents access resort-style amenities including a resort pool, manicured parks, BBQ areas, and an extensive trail system. The two-car rear-entry garage provides convenient parking and storage, while the home's 2019 construction ensures minimal immediate maintenance concerns. At $204 per square foot, this Charles Merle Drive property presents compelling value for investors seeking rental income in Austin's competitive real estate market.
Vox Real Estate Insight
The Goodnight Ranch community offers strong rental fundamentals and steady appreciation potential, making this property an attractive entry point for buyers seeking income-generating assets in South Austin. With 169 days on market, Vox Residential sees this as an excellent opportunity to negotiate with motivated sellers while securing a property backed by established tenant occupancy and community amenities.
Agent Description
Income Property Opportunity in South Austin – Tenant Occupied 3 Bedrooms | 2.5 Bathrooms | 1,840 SqFt | Built in 2019 Great opportunity to own a well-maintained townhouse in the desirable Goodnight Ranch community of South Austin. This two-story home offers 3 bedrooms, 2.5 bathrooms, and 1,840 sq ft of comfortable living space with a functional open-concept layout. The property is currently tenant-occupied at $1,900 per month, offering immediate rental income. Lease details available upon request. Buyers are advised to verify all terms and discuss any potential changes with the tenant after closing. Built in 2019, the home features a modern kitchen with stainless steel appliances, a bright living area, and a private balcony overlooking the community pond and walking trails. A two-car rear-entry garage provides added convenience. Residents enjoy access to community amenities, including: Pool Parks and green spaces BBQ areas Walking trails Conveniently located with easy access to I-35, and approximately 20 minutes from COTA (Circuit of the Americas), as well as nearby shopping, dining, and Austin ISD schools. Property is subject to an existing lease. Showings require advance notice. Please contact the listing agent for details.
Property Details
| Property Type | Condominium |
| Year Built | 2019 |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Living Area | 1,840 sqft |
| Lot Size | 4,256 sqft |
| Price / Sqft | $204 |
| Stories | Two |
| Condition | Resale |
| Unit Style | 1st Floor Entry, Multi-level Floor Plan |
| Subdivision | Goodnight Ranch |
| County | Travis |
| MLS Area | SC |
| Listed | Nov 13, 2025 |
| MLS # | 7185625 |
| Listed By | Lumena Realty |
Interior
| Flooring | Carpet, Tile |
| Appliances | Dishwasher, Gas Range, Microwave, Refrigerator, Washer/Dryer |
| Interior Features | Breakfast Bar, Ceiling Fan(s), Beamed Ceilings, Quartz Counters, Interior Steps, Kitchen Island, Open Floorplan, Recessed Lighting |
| Windows | Blinds, Display Window(s), Double Pane Windows, Screens |
| Laundry | Inside, Main Level |
Systems & Utilities
| Cooling | Ceiling Fan(s), Central Air, Electric |
| Heating | Central, Electric |
| Utilities | Cable Available, Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Water Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Frame |
| Roof | Shingle |
| Foundation | Slab |
| Exterior Features | Balcony |
| Patio & Porch | Patio |
| Fencing | Back Yard |
| Lot Features | Level |
| View | Neighborhood, Park/Greenbelt, Pond |
| Faces | North |
Parking
| Parking Spaces | 2 |
| Garage Spaces | 2 |
| Parking Features | Alley Access, Garage Faces Rear |
Community & HOA
| HOA | Yes |
| HOA Name | Goodnight Ranch |
| HOA Fee | $180 / Quarterly |
| Fee Includes | Common Area Maintenance |
| Community Features | BBQ Pit/Grill, Park, Pool |
| Security | Smoke Detector(s) |
Assigned Schools
| Elementary | Blazier |
| Middle | Paredes |
| High | Akins |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2025 |
| Annual Tax | $8,754 |
| Assessed Value | $383,653 |
| Parcel # | 913363 |
| Legal Description | UNT 20 AVI GOODNIGHT RANCH CONDOMINIUM S PLUS .8928 % INT IN COM AREA |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 5501-A Charles Merle Dr #20, Austin, TX 78747?
This property is listed at $375,000, which is $204 per square foot.
How many bedrooms and bathrooms does 5501-A Charles Merle Dr #20, Austin, TX 78747 have?
This home has 3 bedrooms and 3 bathrooms, with 1,840 square feet of living space.
When was 5501-A Charles Merle Dr #20, Austin, TX 78747 built?
This property was built in 2019, making it 7 years old.
How long has 5501-A Charles Merle Dr #20, Austin, TX 78747 been on the market?
This listing has been on the market for 272 days.
What type of property is 5501-A Charles Merle Dr #20, Austin, TX 78747?
This is a Condominium on a 4,255.81 sqft lot.