Active Listing  ·  533 days on market

2607 E 5th St

Austin, TX 78702
$829,732
1 Bed 1 Bath 2,348 sqft $353/sqft Built 1945 0.12 acres 4-Car Garage Pool Chernosky M E

2607 E 5th St included: COMMERCIAL/RESIDENTIAL- This unique property offering encompasses two adjacent lots strategically situated in one of Austin's most vibrant neighborhoods. With a blend of commercial and residential potential, this combined listing presents an exceptional opportunity for investors, developers, or business owners looking to capitalize on Austin's thriving real estate market.

**Investment Highlights:**

- Both properties are located in a rapidly developing area with increasing demand for mixed-use spaces.

- Opportunity to create a synergistic environment by combining commercial and residential sectors.

- Close to major highways and public transportation, ensuring easy access for customers and residents alike.

- A short distance from downtown Austin, providing additional appeal to businesses seeking to attract urban clientele.

Don’t miss your chance to acquire this versatile property package that effortlessly merges commercial potential with desirable residential living. Whether you’re looking to expand your investment portfolio or open a new venture in the heart of Austin, these properties offer unmatched opportunities in a dynamic market.

At $353/sqft, this home is 10% 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

2607 E 5th St, Austin, TX 78702

Property Details

Price $829,732
Status Active Listing
Beds 1
Full Baths ,
Half Baths 1
Living Area 2,348 sqft
Lot Size 0.12 acres (5,366.59 sqft)
Year Built 1945
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky M E
County Travis
Zip Code 78702
$/sqft $353/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,550.73
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT190398534
List Date February 17, 2025
Elementary School Govalle
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
2606 Santa Rosa St
CHERNOSKY M E
$829,732 $353 1 bd / 1 ba 2,348 sqft , 2025-01-28
8200 Southwest Pkwy #403
Enclave at Escondera
$828,000 $276 2 bd / 3 ba 3,003 sqft , 2026-06-18
1209 Kinney Ave #D
Kinney Lofts Condo
$825,000 $399 2 bd / 3 ba 2,068 sqft , 2026-01-14
1028 Ellingson Ln
Mayfair Terrace
$824,900 $368 2 bd / 1 ba 2,240 sqft , 2026-07-05
9507 Capitol View Dr
Capitol View Estates
$815,000 $375 2 bd / 5 ba 2,175 sqft , 2025-12-26

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
$3,983/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
$165,946
20% conventional investment loan

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

Estimated Gross Rent+$3,983
Principal + Interest−$4,528
Property Tax (~2.1% TX avg)−$1,452
Insurance (~0.5%)−$346
Est. Monthly Cash Flow $-2,343

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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