About This Home

*BOM- Buyer contingency fell through. Welcome to your new home located in the sought-after 5th & West Residences! This 1 bedroom/1 bathroom condo offers an open layout and amazing views of downtown Austin. Tons of natural light, Miele appliances, refrigerator, washer/dryer & additional storage unit in parking garage that conveys. 5th & West offers a wide range of amenities, including a fitness center, resort-style pool, dog run, dog washing station, and guest accommodations!

At $652/sqft, this home is priced 67% 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

501 West Ave #1306, Austin, TX 78701

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Property Details

Price $425,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 652 sqft

Lot Size ,

Year Built 2018

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Fifth & West Residences

County Travis

Zip Code 78701

$/sqft $652/sqft

Days on Market ,

HOA $600/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT199844676

List Date June 13, 2025

Elementary School Mathews

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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

3311 Hollywood Ave
University Park $425,000 $496 1 bd / 1 ba 856 sqft , 2026-02-06

1909 College Row
Grandview Place $425,000 $805 1 bd / 1 ba 528 sqft , 2026-03-20

360 Nueces St #2706
Residential Condo Amd 360 $425,000 $568 1 bd / 1 ba 748 sqft , 2026-06-15

360 Nueces St #1518
Residential Condo Amd 360 $425,500 $560 1 bd / 1 ba 760 sqft , 2025-06-04

2209 S 1st St #218
Bouldin $429,000 $567 1 bd / 1 ba 756 sqft , 2025-12-05

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

$2,040/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

$85,000

20% conventional investment loan

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

Estimated Gross Rent+$2,040

Principal + Interest−$2,319

Property Tax (~2.1% TX avg)−$744

Insurance (~0.5%)−$177

Est. Monthly Cash Flow $-1,200

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

501 West Ave #1306

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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