Active Listing  ·  53 days on market

2709 E 5th St #1306

Austin, TX 78702
$429,999
2 Bed 2 Bath 1,204 sqft $357/sqft Built 2020 0.02 acres Pool Santa Rosa Condos

Welcome to the heart of Austin’s East Side — one of the city’s most vibrant and walkable neighborhoods. This light-filled 2-bedroom, 2-bath condo offers a design-forward layout that works equally well as a primary residence, lock-and-leave, or investment property.

Inside, the home features wood floors, tall ceilings, and an open living, dining, and kitchen layout filled with natural light. The kitchen is finished with quartz countertops, an oversized island, floating wood shelves, and a stylish tile backsplash. The primary suite includes dual vanities, a walk-in shower, designer tile, and great natural light.

Just outside your door are some of East Austin’s best coffee shops, restaurants, breweries, and nightlife, with quick access to Downtown Austin and the airport. A rare opportunity to own in one of Austin’s most exciting neighborhoods with proven short-term rental performance.

At $357/sqft, this home is 9% 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

2709 E 5th St #1306, Austin, TX 78702

Property Details

Price $429,999
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,204 sqft
Lot Size 0.02 acres (1,006.24 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Santa Rosa Condos
County Travis
Zip Code 78702
$/sqft $357/sqft
Days on Market ,
HOA $311/Monthly
Annual Tax Est. $12,083.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235718236
List Date June 12, 2026
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
102 W Covington Dr
Eubank Acres Sec 02
$430,000 $308 3 bd / 2 ba 1,398 sqft , 2026-01-28
2508 Enfield Rd #11
Enfield Challenge Condo
$430,000 $445 2 bd / 2 ba 967 sqft , 2026-04-17
508 Capitol Dr #1
Loar Add A
$430,000 $309 3 bd / 2 ba 1,391 sqft , 2026-06-02
7805 Wakefield Dr
Woodstone Village Sec 03
$430,000 $318 3 bd / 2 ba 1,354 sqft , 2026-07-05
12911 Quinn Trl
MILWOOD SEC 16
$430,000 $291 3 bd / 2 ba 1,479 sqft , 2026-08-03

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
$2,064/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
$86,000
20% conventional investment loan

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

Estimated Gross Rent+$2,064
Principal + Interest−$2,347
Property Tax (~2.1% TX avg)−$752
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,214

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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