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 $400/sqft, this home is priced 2% above the Austin active market average of $392/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 $409,000

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 $400/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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · February 24, 2026 $525,000

Previous ask $425,000

Current ask $409,000

▼ Reduced $116,000 (-22.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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

2235 E 6th St #204
ESTE; Condominium $399,999 $426 1 bd / 1 ba 940 sqft , 2026-03-23

2909 E 5th St
Hartwell Add $399,000 $451 2 bd / 1 ba 884 sqft , 2026-07-02

2709 E 5th St #2305
58EAS $420,000 $423 2 bd / 1 ba 992 sqft , 2025-10-02

2709 E 5th St #2203
58EAS $395,000 $395 1 bd / 1 ba 1,000 sqft , 2026-03-13

2002 E 7th St #217
Eastline Condos $424,900 $366 2 bd / 2 ba 1,162 sqft , 2026-06-25

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

$1,963/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

$81,800

20% conventional investment loan

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

Estimated Gross Rent+$1,963

Principal + Interest−$2,232

Property Tax (~2.1% TX avg)−$716

Insurance (~0.5%)−$170

Est. Monthly Cash Flow $-1,155

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

About the Author

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 September 17, 2026.

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

1615 E 7th St #208