Active Listing  ·  159 days on market

70 Rainey St #1509

Austin, TX 78701
$725,000
2 Bed 2 Bath 1,128 sqft $643/sqft Built 2018 0.00 acres 1-Car Garage Pool 70 Rainey Residences

Discover downtown Austin living in this spacious 2 bedroom, 2 full bath condo at 70 Rainey Residences. Check out the video here: https://youtu.be/NplTejLt7vI. With 1,128 sqft and a northeast-facing orientation, the unit captures gentle morning light and vibrant city views. The efficient open layout provides comfortable living and dining space, two well-proportioned bedrooms, and two full baths — ideal for owners, professionals, or investors. Located in the heart of Rainey Street, enjoy immediate access to restaurants, nightlife, parks, and Austin’s central business district. Building amenities and on-site conveniences make city living effortless. Schedule a showing today to experience this exceptional downtown opportunity!

At $643/sqft, this home is priced 64% 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

70 Rainey St #1509, Austin, TX 78701

Property Details

Price $725,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,128 sqft
Lot Size 0.00 acres (104.54 sqft)
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 70 Rainey Residences
County Travis
Zip Code 78701
$/sqft $643/sqft
Days on Market ,
HOA $1,201.49/Monthly
Annual Tax Est. $19,980.73
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220427423
List Date February 26, 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
4413 Banister Ln #BLDG 1 - UNIT 101
Banister Acres
$725,000 $502 3 bd / 4 ba 1,443 sqft , 2025-10-29
1706 Pennsylvania Ave
Johns C R
$725,000 $620 2 bd / 2 ba 1,170 sqft , 2026-03-06
2805 S 5th St
Oak Ridge Heights Sec 03
$725,000 $620 2 bd / 1 ba 1,170 sqft , 2025-10-10
360 Nueces St #2005
Residential Condo Amd 360
$725,000 $592 2 bd / 2 ba 1,225 sqft , 2026-04-18
3604 Wilson St
Cherry Hills
$725,000 $539 3 bd / 2 ba 1,344 sqft , 2026-05-31

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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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