Active Listing  ·  325 days on market

2709 E 5th St #2305

Austin, TX 78702
$420,000
2 Bed 1 Bath 992 sqft $423/sqft Built 2020 1-Car Garage Pool 58EAS

*Motivated seller - Tenant is month to month* A beautifully maintained single owner unit at Santa Rosa. Spacious yet efficient, this 1 bedroom, 1 bath offers outstanding walkability to several of Austin's top rated coffee shops, restaurants, and Lady Bird Lake hike and bike trail. The unit faces a residential street with high ceilings that provide an abundance of natural light, and a private balcony with a view of downtown, and brand new appliances/electronics throughout. Custom blinds have been installed and the open floor plans allow for flexibility with multitude of layouts. There is ample closet space and storage and efficient commute through downtown to to 183/I35.

At $423/sqft, this home is priced 8% 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

2709 E 5th St #2305, Austin, TX 78702

Property Details

Price $420,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 992 sqft
Lot Size ,
Year Built 2020
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 58EAS
County Travis
Zip Code 78702
$/sqft $423/sqft
Days on Market ,
HOA $258/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT208300427
List Date October 2, 2025
Elementary School Brooke
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.

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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
3101 Govalle Ave #113
HOM CONDOMINIUMS
$419,000 $366 2 bd / 2 ba 1,146 sqft , 2026-08-21
2002 E 7th St #217
Eastline Condos
$424,900 $366 2 bd / 2 ba 1,162 sqft , 2026-06-25
2709 E 5th St #1306
Santa Rosa Condos
$424,999 $353 2 bd / 2 ba 1,204 sqft , 2026-06-12
1615 E 7th St #208
1615 East 7th Condos
$425,000 $416 1 bd / 1 ba 1,022 sqft , 2026-02-24
1112 Linden St #B
2912 Govalle Site Condos
$435,000 $429 2 bd / 2 ba 1,013 sqft , 2026-04-16

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
$2,016/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
$84,000
20% conventional investment loan

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

Estimated Gross Rent+$2,016
Principal + Interest−$2,292
Property Tax (~2.1% TX avg)−$735
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,186

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 March 25, 2026.

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