Active Listing  ·  347 days on market

2805 S 5th St

Austin, TX 78704
$715,000
2 Bed 1 Bath 1,170 sqft $611/sqft Built 1956 0.16 acres 1-Car Garage Pool Oak Ridge Heights Sec 03

Charming and move-in ready, this 78704 South Austin bungalow perfectly blends vintage Austin character with modern updates. This adorable single-story home offers two bedrooms, one updated full bathroom, and a 192 sq. ft. detached backhouse/office (included in the main home’s square footage). Built in 2019, the detached unit features oak flooring, abundant natural light, and a mini-split system for heating and cooling—perfect for an office, studio, or guest space. Don't miss the incredible fenced backyard that includes an attached screened on porch that is the perfect place for evening dinners or watching your favorite sports game and a Cowboy Pool.

Ideally located just minutes from Zilker Park, Barton Springs, the Lady Bird Lake Hike & Bike Trail, and a variety of popular restaurants and shops, including Mattie’s, AGBG Brewery, Loro, Cosmic Coffee, and Toss Pizzeria.

Enjoy thoughtful details throughout, including an open floor plan, updated kitchen and bathroom, and a custom-built closet in the primary bedroom. Step outside to the lush, private backyard featuring a screened-in porch, cowboy pool, raised garden beds, and wooden fencing—a serene retreat for morning coffee or evening relaxation.

Additional highlights include an attached one-car garage, an additional covered parking space next to the garage for a car, scooter, or bike, and South Austin Neighborhood Park conveniently located just down the street.

This South Austin gem offers the perfect combination of urban convenience and peaceful charm—everything you’ve been looking for and more. The main home is 978 square feet and the backhouse/office is 192 square feet.

At $611/sqft, this home is priced 55% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2805 S 5th St, Austin, TX 78704

Property Details

Price $715,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,170 sqft
Lot Size 0.16 acres (7,048.01 sqft)
Year Built 1956
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Ridge Heights Sec 03
County Travis
Zip Code 78704
$/sqft $611/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,211.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT208610322
List Date October 10, 2025
Elementary School Dawson
Middle School Lively
High School Travis
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 →

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 · October 10, 2025 $799,000
Previous ask $725,000
Current ask $715,000
Reduced $84,000 (-10.5%) 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
1401 Eva St #206
04 Flats Condo Amd
$720,000 $741 2 bd / 2 ba 972 sqft , 2026-09-08
4413 Banister Ln #BLDG 1 - UNIT 101
Banister Acres
$725,000 $502 3 bd / 4 ba 1,443 sqft , 2025-10-29
804 W Annie St #2
Bouldin
$725,000 $853 2 bd / 2 ba 850 sqft , 2026-07-02
2605 S 2nd St #2
2605 South 2nd Street Condominiums
$729,000 $564 3 bd / 4 ba 1,292 sqft , 2026-06-25
3604 Wilson St
Cherry Hills
$699,000 $520 3 bd / 2 ba 1,344 sqft , 2026-05-31

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
$3,432/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
$143,000
20% conventional investment loan

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

Estimated Gross Rent+$3,432
Principal + Interest−$3,902
Property Tax (~2.1% TX avg)−$1,251
Insurance (~0.5%)−$298
Est. Monthly Cash Flow $-2,019

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 September 12, 2026.

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