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 $290/sqft, this home is 26% below the Austin active market average of $391/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 $535,000

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 $290/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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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

7513 Vol Walker Dr
Village At Western Oaks Sec 17 $535,000 $278 4 bd / 2 ba 1,925 sqft , 2026-05-14

11304 Staked Plains Dr
Avery Ranch Far West Ph 01 Sec 01 $535,000 $240 4 bd / 3 ba 2,230 sqft , 2026-06-04

15708 Monona Cv
Woods Brushy Creek Sec 01 $535,000 $329 3 bd / 3 ba 1,625 sqft , 2026-07-05

1705B Perez St
Chernosky 10 $535,000 $341 3 bd / 3 ba 1,568 sqft , 2026-07-09

1157 Nickols Ave
Eastfield $535,000 $413 2 bd / 3 ba 1,296 sqft , 2026-07-15

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

$2,568/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

$107,000

20% conventional investment loan

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

Estimated Gross Rent+$2,568

Principal + Interest−$2,920

Property Tax (~2.1% TX avg)−$936

Insurance (~0.5%)−$223

Est. Monthly Cash Flow $-1,511

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

2315 E 5th St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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