Active Listing  ·  31 days on market

1601 E 5th St #211

Austin, TX 78702
$495,000
2 Bed 2 Bath 1,225 sqft $404/sqft Built 2005 0.03 acres Pool Saltillo Lofts Condo Amd

Rare end residence at the iconic Saltillo Lofts! This distinctive 2-bedroom, 1.5-bath industrial loft combines authentic loft architecture with exceptional natural light, flexible living spaces, and partial downtown Austin views.

Featuring soaring ceilings with exposed steel beam trusses, polished concrete and warm wood flooring, oversized windows, and an open, multi-level floor plan, this home offers the perfect blend of character and functionality. The kitchen features quartz countertops and opens to the spacious living and dining areas, while the versatile second bedroom provides an ideal space for guests or a dedicated home office.

The bathroom includes dual vanities, a soaking tub and generous closet space. A convenient half bath serves the main level.

The washer, dryer, and refrigerator convey, making this home truly move-in ready. Additional highlights include one reserved covered parking space and a large private storage closet on the first floor—a rare amenity that provides valuable extra space for bikes, gear, or seasonal storage.

Located in the heart of the vibrant Saltillo District, this gated mixed-use community offers unbeatable walkability to Plaza Saltillo, Whole Foods, Target, MetroRail, downtown Austin, acclaimed restaurants, breweries, coffee shops, live music, and neighborhood boutiques. Community amenities include secure access, a landscaped courtyard, BBQ area, and dog run.

Whether you're seeking an urban primary residence, lock-and-leave lifestyle, or investment opportunity, this rare end-unit loft offers an exceptional combination of space, flexibility, and location in one of East Austin's most desirable communities.

At $404/sqft, this home is priced 3% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1601 E 5th St #211, Austin, TX 78702

Property Details

Price $495,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,225 sqft
Lot Size 0.03 acres (1,459.26 sqft)
Year Built 2005
Garage ,
Stories ,
Type Residential · Townhouse
Subdivision Saltillo Lofts Condo Amd
County Travis
Zip Code 78702
$/sqft $404/sqft
Days on Market ,
HOA $364.51/Monthly
Annual Tax Est. $9,982.92
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239281321
List Date July 23, 2026
Elementary School Zavala
Middle School Martin
High School Eastside Early College
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.

Schedule a Call →

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
2503 Gonzales St
Simms Paul O
$495,000 $611 2 bd / 1 ba 810 sqft , 2026-06-11
48 East Ave #1104
Natiivo Austin
$499,000 $559 1 bd / 1 ba 893 sqft , 2026-03-06
40 N Interstate 35 Hwy #8C4
Towers Town Lake Condo Amd
$499,000 $342 2 bd / 2 ba 1,459 sqft , 2026-06-05
54 Rainey St #609
Milago Condo Amd
$499,888 $429 2 bd / 2 ba 1,164 sqft , 2026-06-12
2505 E 11th St #2
2505 E 11th Street Condos
$485,000 $541 2 bd / 3 ba 896 sqft , 2026-07-30

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
$2,376/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
$99,000
20% conventional investment loan

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

Estimated Gross Rent+$2,376
Principal + Interest−$2,701
Property Tax (~2.1% TX avg)−$866
Insurance (~0.5%)−$206
Est. Monthly Cash Flow $-1,397

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 August 6, 2026.

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