Active Listing  ·  319 days on market

555 E 5th St #521

Austin, TX 78701
$455,000
1 Bed 1 Bath 1,245 sqft $365/sqft Built 2004 0.00 acres 1-Car Garage Pool Five Fifty 05 Condo Amd

The most updated and one of the lowest price per square foot condo in all of Austin. Don’t miss out on this excellent investment!! A recently updated 1-bedroom, 1-bathroom condo in the 555 Condos in the heart of Downtown Austin. Spanning 1,245 square feet, this unit features brand new 7” wide white oak wood floors throughout. The open floor plan boasts 10ft high ceilings, recessed lighting, and a large window wall with motorized sun-shades. The primary bedroom offers a massive walk-in closet and large bathroom. An updated kitchen includes a new Bosch stainless refrigerator, high-end stainless gas cooktop, recent updates to the kitchen cabinets which now span to the ceiling. The kitchen includes a statement quartzite island, while the rest of the counters are outfitted in granite. Enjoy the convenience of the new, stainless LG washer and dryer. Furthermore, you'll have access to your own private balcony. You also get two storage units—one on the 5th floor and one in the garage. The unit also includes a coveted parking space in a private, residents-only garage. The condo is staffed by 24-hour concierge and security service for peace of mind. Other building amenities, shared with the Hilton hotel, include a fitness center, rooftop lounge and heated salt water pool, Starbucks, Austin Taco Project and more. Located in downtown Austin, you can walk to dining options like Moonshine and others, entertainment, Whole Foods, Target and even the Capital. Discover the perfect blend of luxury and convenience in this exceptional condo.

At $365/sqft, this home is 7% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

555 E 5th St #521, Austin, TX 78701

Property Details

Price $455,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,245 sqft
Lot Size 0.00 acres (130.68 sqft)
Year Built 2004
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Five Fifty 05 Condo Amd
County Travis
Zip Code 78701
$/sqft $365/sqft
Days on Market ,
HOA $1,054/Monthly
Annual Tax Est. $11,876.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT208714486
List Date October 8, 2025
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.

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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
360 Nueces St #1407
Residential Condo Amd 360
$450,000 $528 1 bd / 1 ba 852 sqft , 2025-11-14
555 E 5th St #903
Five Fifty 05 Condo Amd
$460,000 $406 1 bd / 1 ba 1,134 sqft , 2026-06-04
1305 E 6th St #13
1305 Lofts A Condo Amd
$475,000 $413 1 bd / 2 ba 1,150 sqft , 2026-05-08
603 Davis St #811
Shore A Condo Amd The
$475,000 $462 1 bd / 1 ba 1,029 sqft , 2026-07-31
40 N Interstate 35 Hwy #4A4
Towers Town Lake Condo Amd
$434,000 $352 2 bd / 2 ba 1,234 sqft , 2025-08-30

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
$2,184/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
$91,000
20% conventional investment loan

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

Estimated Gross Rent+$2,184
Principal + Interest−$2,483
Property Tax (~2.1% TX avg)−$796
Insurance (~0.5%)−$190
Est. Monthly Cash Flow $-1,285

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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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 · 30 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. This page was last updated on July 25, 2026.

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