Active Listing  ·  96 days on market

2905 E 5th St #A

Austin, TX 78702
$650,000
3 Bed 3 Bath 1,664 sqft $391/sqft Built 2017 0.08 acres 1-Car Garage Pool 2905 East 5th Condos

Up to $6900 lender credit available. This contemporary home on East 5th Street with no HOA fee puts you in the heart of Austin's most vibrant neighborhood, where world-class dining is at your doorstep—legendary Kemuri Tatsu Ya for Japanese yakitori, Intero for elevated candle-lit Italian cuisine, Juan in a Million for breakfast tacos that define the city. Beyond these anchors, East 5th Street teems with innovative restaurants, craft breweries, coffee shops, bars, art galleries, vintage shops, and live music venues that have transformed this neighborhood into a creative destination. The home itself offers 1,664 square feet across two stories with three bedrooms, 2.5 bathrooms, a versatile loft, and hard floors throughout, plus a primary suite with direct patio access and a single-car attached garage. Lady Bird Lake and the Boardwalk are minutes away for kayaking, paddleboarding, and waterfront walks, while Barton Springs Pool and Mount Bonnell offer weekend adventures, and tree-lined streets invite walking and biking through this eclectic neighborhood. Built in 2018 with clean lines and practical design, this move-in-ready home puts you steps from Rainey Street's nightlife, the Congress Avenue corridor's shopping and dining, and downtown Austin's employment centers. Welcome to East Austin—where authentic character, walkable culture, genuine community, and world-class food converge in one unforgettable place.

At $391/sqft, this home is priced in line with the Austin market average of $393/sqft across 4,588 active listings. View Austin market report →

Location

2905 E 5th St #A, Austin, TX 78702

Property Details

Price $650,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,664 sqft
Lot Size 0.08 acres (3,458.66 sqft)
Year Built 2017
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 2905 East 5th Condos
County Travis
Zip Code 78702
$/sqft $391/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,589.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235443661
List Date June 19, 2026
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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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 · June 19, 2026 $750,000
Previous ask $675,000
Current ask $650,000
Reduced $100,000 (-13.3%) 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
1002 Walter St
Rosewood Village Sec 8
$650,000 $558 3 bd / 2 ba 1,164 sqft , 2025-08-18
1708 Canterbury St #2
Riverside
$649,999 $591 2 bd / 7 ba 1,100 sqft , 2026-09-22
2710 E 3rd St
Anthony W B
$639,957 $476 3 bd / 3 ba 1,344 sqft , 2026-03-26
3103 Garwood St #2
Brass G M
$639,000 $473 3 bd / 3 ba 1,352 sqft , 2026-06-04
3204 Lyons Rd #1
Delzell Sec 02
$624,999 $423 3 bd / 3 ba 1,476 sqft , 2026-08-15

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 September 20, 2026.

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