Active Listing  ·  10 days on market

505 W 7th St #105

Austin, TX 78701
$399,000
2 Bed 2 Bath 880 sqft $453/sqft Built 1964 0.01 acres 1-Car Garage Pool Posada Del Rey Condo Amd

Rare end unit ,on the main floor, in the heart of Downtown Austin! Upon entering the breezy, open air entrance to this charming, old Austin complex you will find unit #105, tucked away at the end of the main corridor. While just steps away from the front entrance, pool and court yard this end unit escape lives like a single story, Austin tree house. Hardwood floors welcome you into your downtown hide away while the fireplace offers a warmth and character that you won’t find in many downtown Condo’s. Two bedrooms with one full bath which connects to both the hall and primary bedroom. Oversized primary bedroom has it’s own sink + vanity along with double entrance walk in closet. Living area is open to the designated dining area, just off of the kitchen. Located near Trader Joe's, the Austin Public Library, and within walking distance of the vibrant live music, bars & restaurants on West 6th Street. This condo ensures you are always close to the best Austin has to offer! One parking space conveys with this unit and others are often available for sale / lease. Buyer to verify all info.

At $453/sqft, this home is priced 16% 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

505 W 7th St #105, Austin, TX 78701

Property Details

Price $399,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 880 sqft
Lot Size 0.01 acres (566.28 sqft)
Year Built 1964
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Posada Del Rey Condo Amd
County Travis
Zip Code 78701
$/sqft $453/sqft
Days on Market ,
HOA $733.14/Monthly
Annual Tax Est. $8,237.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241230656
List Date July 25, 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
3110 Red River St #C-402
Sterling Crest Condo Am
$399,000 $421 2 bd / 2 ba 947 sqft , 2026-05-05
1701 Simond Ave #612
Parkside/Mueller Condos
$399,000 $459 1 bd / 1 ba 870 sqft , 2026-05-12
4704 Sunset Trl #1201
Grange Condominiums
$399,000 $372 2 bd / 2 ba 1,073 sqft , 2026-05-22
1900 Barton Springs Rd #5009
Zilkr on the Park Condos
$399,000 $450 1 bd / 1 ba 887 sqft , 2026-05-29
506 Tamworth Ave
Greenwood Hills Sec 06
$399,000 $395 3 bd / 2 ba 1,009 sqft , 2026-04-24

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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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