About This Home

Motivated Seller!! Welcome to 1615 East 7th Street, a truly one-of-a-kind condominium in arguably the most desirable area of East Austin. This expansive 1022 sq ft one-bedroom, features solid oak cabinetry, quartz counters, wood floors, separate tub and shower, tons of storage, and one of largest balconies you can find at right around 160 sq ft. Walk to Salt & Time, Uptown, Cenote, NADC Burger, Revelry Kitchen, Lucky Duck, Easy Tiger, Whisler’s, Suerte, and so much more. Units in this quiet and exclusive building rarely come to market. It is not to be missed.

At $416/sqft, this home is priced 6% 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

1615 E 7th St #208, Austin, TX 78702

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Property Details

Price $425,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 1,022 sqft

Lot Size 0.01 acres (605.48 sqft)

Year Built 2016

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision 1615 East 7th Condos

County Travis

Zip Code 78702

$/sqft $416/sqft

Days on Market ,

HOA $479/Monthly

Annual Tax Est. $9,669.42

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT220394010

List Date February 24, 2026

Elementary School Zavala

Middle School Kealing

High School Eastside Early College

School District ,

Have Questions About This Property?

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

641 W 31st 1/2 St
Kings Row Condo $425,000 $422 2 bd / 2 ba 1,008 sqft , 2026-03-20

2216 Thornton Rd #431
Carriage Park Condo $425,000 $355 1 bd / 1 ba 1,196 sqft , 2026-04-04

3311 Hollywood Ave
University Park $425,000 $496 1 bd / 1 ba 856 sqft , 2026-02-06

606 W Lynn St #13
West End Condo Amd $425,000 $456 1 bd / 1 ba 933 sqft , 2026-05-14

360 Nueces St #2706
Residential Condo Amd 360 $425,000 $568 1 bd / 1 ba 748 sqft , 2026-06-15

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

$2,040/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

$85,000

20% conventional investment loan

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

Estimated Gross Rent+$2,040

Principal + Interest−$2,319

Property Tax (~2.1% TX avg)−$744

Insurance (~0.5%)−$177

Est. Monthly Cash Flow $-1,200

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

1615 E 7th St #208

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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