About This Home

The perfect home for buyers who want the energy of Central Austin without the upkeep of a larger property. This Central Austin home offers the perfect blend of comfort, convenience and low-maintenance living. Approximately 936 square feet and features 2 bedrooms, 2 full baths, covered front porch, backyard deck and a one-car garage. An additional gravel parking space can be created to the left of the garage by removing the front fence panel or expanding the gate. Smart home features include a WIFI-enabled thermostat, Ring security cameras, a security system, remote-controlled garage door and privacy sun screens. This home delivers exceptional versatility. Just minutes from UT, Downtown Austin, Mueller and The Domain, you'll enjoy easy access to neighborhood favorites including Home Slice Pizza, Foreign & Domestic, Drink Well, Epoch Coffee, Workhorse Bar and the eclectic North Loop District. These items convey with the home purchase: Stainless Steel Frigidaire Refrigerator, Stackable LG Washer & Dryer, Front and Back Patio Furniture, Nexgrill Stainless Steel Propane Grill and Upstairs Roku Flatscreen TV.

At $582/sqft, this home is priced 49% 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

5102 Martin Ave #2, Austin, TX 78751

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Property Details

Price $545,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 936 sqft

Lot Size 0.07 acres (3,118.9 sqft)

Year Built 2019

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision North Loop

County Travis

Zip Code 78751

$/sqft $582/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $10,835.99

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240100313

List Date July 17, 2026

Elementary School Reilly

Middle School Lamar (Austin ISD)

High School McCallum

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

1701 Simond Ave #639
Parkside/Mueller Condos $545,000 $500 2 bd / 2 ba 1,091 sqft , 2026-02-28

1609 Larkwood Dr
Delwood 04 Sec B $545,000 $446 3 bd / 1 ba 1,222 sqft , 2026-07-11

15101 DEXLER Dr
Cardinal Hills Estates Unit 12 $549,000 $439 1 bd / 2 ba 1,250 sqft , 2025-09-25

606 W Lynn St #21
West End Condo $549,000 $479 2 bd / 3 ba 1,146 sqft , 2026-04-13

219 Lessin Ln #10A
Post Road $549,000 $477 2 bd / 3 ba 1,152 sqft , 2026-04-08

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

$2,616/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

$109,000

20% conventional investment loan

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

Estimated Gross Rent+$2,616

Principal + Interest−$2,974

Property Tax (~2.1% TX avg)−$954

Insurance (~0.5%)−$227

Est. Monthly Cash Flow $-1,539

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 →

Neighborhood Context

About North Loop

North Loop has become one of Austin's most talked-about emerging neighborhoods - a strip of vintage shops, hip restaurants, and dive bars along North Loop Boulevard that has attracted a creative community and brought new attention to the surrounding residential blocks. The neighborhood sits between Hyde Park and Crestview, north of 53rd Street, and offers central Austin proximity at prices that still feel like a deal relative to what's immediately south.

The North Loop commercial strip is Austin's best vintage shopping destination - Mongers Market, Monkey Nest Coffee, Bouldin Acres, and a rotating cast of independent businesses that give the street its identity. This is not a neighborhood that has been polished into predictability; it has a raw, creative edge that attracts buyers who want character over conformity.

🛍️

North Loop Vintage Strip

North Loop Boulevard hosts Austin's best concentration of vintage shops, thrift stores, and independent businesses. Mongers Market and the surrounding strip draw shoppers from across the city.

☕

Monkey Nest Coffee

One of Austin's most beloved independent coffeehouses anchors the North Loop strip - the kind of neighborhood institution that defines a place and draws people in from surrounding areas.

💰

Best Value Between Hyde Park and Crestview

North Loop sits between two of Central Austin's most desirable neighborhoods and is priced below both. As those neighborhoods have appreciated, buyers have pushed north - which has driven North Loop's trajectory.

🎸

Creative Community

The neighborhood has attracted a high concentration of artists, musicians, and creative professionals - the kind of community that builds neighborhood identity and sustains long-term desirability.

Full North Loop Guide →

5102 Martin Ave #2

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

About North Loop

Major Employers Near Austin, TX

More Luxury Homes in Austin

5102 Martin Ave #2

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

About North Loop

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate