Active Listing  ·  95 days on market

3304 E 5th St #B

Austin, TX 78702
$449,000
3 Bed 3 Bath 1,454 sqft $309/sqft Built 2006 0.09 acres 1-Car Garage Pool Villas At 05 & Allen Condo Ph

Live where East Austin actually happens! Start the morning at Greater Goods Coffee, grab a pint at Hi Sign Brewing around the corner, settle in for chicken-fried steak at Jacoby’s, and end the night at Justine’s Brasserie, all close to home, with Lady Bird Lake and Downtown just minutes away.

Inside, natural light emanates an open living, dining, and kitchen layout made for easy everyday living and entertaining. Three bedrooms and two and a half baths give you room for guests, a home office, or both.

The big-ticket items are already handled: new roof, new water heater, and a fully serviced HVAC system. What’s left is the fun part, adding your own touches and making it yours.

Out back, a private fenced yard and spacious deck give you your own retreat in the middle of the city, for weekend grilling, evening drinks, and nights under the Texas sky.

Dual-zoned residential and commercial, with short-term rentals permitted, this can be your home, your investment, or both. You don’t have to pick just one.

Buyers may qualify for up to $7,860 (1.75%) in lender assistance through a participating lender, toward closing costs or a rate buy-down.

Offered as-is at a new price, and the seller is motivated. Buyer to verify all measurements, square footage, zoning, and STR regulations.

At $309/sqft, this home is 21% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3304 E 5th St #B, Austin, TX 78702

Property Details

Price $449,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,454 sqft
Lot Size 0.09 acres (3,776.65 sqft)
Year Built 2006
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Villas At 05 & Allen Condo Ph
County Travis
Zip Code 78702
$/sqft $309/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,678.03
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242833386
List Date August 9, 2026
Elementary School Brooke
Middle School Martin
High School Eastside Early College
School District Austin ISD

Austin ISD

Brooke · Martin · Eastside Early College

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 · August 9, 2026 $549,000
Current ask $449,000
▼ Reduced $100,000 (-18.2%) 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
3101 Govalle Ave #207
Govalle
$460,000 $315 3 bd / 2 ba 1,459 sqft , 2026-08-14
2002 E 7th St #217
Eastline Condos
$424,900 $366 2 bd / 2 ba 1,162 sqft , 2026-11-02
2709 5th St E #1306
Santa Rosa Condos
$419,999 $349 2 bd / 2 ba 1,204 sqft , 2026-10-16
3409 Neal St #2
3409 NEAL CONDOMINIUMS
$485,000 $444 2 bd / 3 ba 1,092 sqft , 2026-06-16
506 Tillery St
Holly & Naumann
$490,000 $261 3 bd / 3 ba 1,878 sqft , 2026-02-04

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (assumed ~2.1%)−$786
Insurance (assumed ~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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 · 41 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. The written content was last updated on November 7, 2026.

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

Save this home