Active Listing  ·  180 days on market

311 W 5th St #704

Austin, TX 78701
$550,000
1 Bed 1 Bath 1,176 sqft $468/sqft Built 2002 0.00 acres 1-Car Garage Pool Plaza Lofts Condo Amd

PRICE IMPROVEMENT- Don't miss this deal!

Spacious Downtown Loft overlooking Republic Square Park- Premium, gorgeous views of the ever-changing Austin skyline combined with sunset views. In the heart of the Warehouse District in Downtown Austin. Walking distance to great dining, hotels, entertainment, the Lady Bird Lake Hike & Bike Trail and more. A true industrial loft with exposed 13 ft. ceilings, floor to ceiling windows with stunning view, polished concrete floors and a private balcony overlooking the park. The loft is large, measuring 1176 square feet and is move-in ready. The Plaza Lofts is a boutique, sought after condominium in desirable 78701. The shared amenities include a resident lobby with seating, controlled and monitored building access, a dedicated and tight-knit HOA, lobby concierge service 7 days a week, a rooftop pool, an onsite gym and an enclosed parking garage. Parking space is #42 and storage cage #23.

At $468/sqft, this home is priced 20% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

311 W 5th St #704, Austin, TX 78701

Property Details

Price $550,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,176 sqft
Lot Size 0.00 acres (148.1 sqft)
Year Built 2002
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Plaza Lofts Condo Amd
County Travis
Zip Code 78701
$/sqft $468/sqft
Days on Market ,
HOA $1,209.28/Monthly
Annual Tax Est. $11,350.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216789530
List Date February 5, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
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
1702 S Lamar Blvd #12
Sage Condo
$550,000 $362 2 bd / 3 ba 1,521 sqft , 2026-03-15
800 Embassy Dr #337
Tyndall at Robertson Hill Condominiums
$550,000 $409 2 bd / 2 ba 1,344 sqft , 2025-09-11
1701 Simond Ave #304
Parkside/Mueller Condos
$550,000 $473 2 bd / 2 ba 1,162 sqft , 2026-04-23
4120 Valley View Rd #B
4120 Valley View Condo
$550,000 $397 2 bd / 3 ba 1,385 sqft , 2026-05-28
1106 Justin Ln
Crestview Add Sec 01
$550,000 $491 2 bd / 1 ba 1,121 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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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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