About This Home

Location is everything, and 2315 E. 5th Street puts you right in the heart of one of Austin's most vibrant areas. Steps from the best food, coffee, and culture East Austin has to offer, this 3-bedroom, 2-bath home sits on E. 5th Street with easy access to everything that makes this neighborhood so special.

At $271/sqft, this home is 31% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2315 E 5th St, Austin, TX 78702

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Property Details

Price $500,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,844 sqft

Lot Size 0.10 acres (4,499.75 sqft)

Year Built 1935

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Industrial Add Annex

County Travis

Zip Code 78702

$/sqft $271/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,535.78

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT232795527

List Date June 6, 2026

Elementary School Becker

Middle School Lively

High School Travis

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 · June 6, 2026 $549,900

Previous ask $535,000

Current ask $500,000

▼ Reduced $49,900 (-9.1%) 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

3211 Holton St #3211B
Villas At Holton Woods $499,000 $342 3 bd / 3 ba 1,461 sqft , 2026-06-19

800 Embassy Dr #337
Tyndall at Robertson Hill Condominiums $525,000 $391 2 bd / 2 ba 1,344 sqft , 2026-09-03

2817 Prado St
Chernosky 12 $525,000 $394 4 bd / 2 ba 1,332 sqft , 2024-01-12

3101 Govalle Ave #207
Govalle $460,000 $315 3 bd / 2 ba 1,459 sqft , 2026-08-14

1601 E 5th St #211
Saltillo Lofts Condo Amd $459,000 $375 2 bd / 2 ba 1,225 sqft , 2026-07-23

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

$2,400/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

$100,000

20% conventional investment loan

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

Estimated Gross Rent+$2,400

Principal + Interest−$2,729

Property Tax (~2.1% TX avg)−$875

Insurance (~0.5%)−$208

Est. Monthly Cash Flow $-1,412

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 15, 2026.

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

2315 E 5th St