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$385,000

500 E Riverside Dr Apt 255, Austin, TX, 78704

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths812 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$474.14 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Dryer, Electric Range, Refrigerator, Washer
FlooringWood, See Remarks

Exterior

Private PoolPrivate Pool
Lot Size1,629 sqft

Building Information

Year Built1971
Stories1
Roof Type105

Land Information

APN02010302070124
Lot Number111
SubdivisionRiverwalk Condominiums Amended
Land UseCondominiums
Legal DescriptionUNT 255 BLD K RIVERWALK CONDOMINIUMS AMENDED PLUS .755% INTEREST IN COMMON AREA
Census Tract001401
Assessed Land Value$366,975
Assessed Improvement Value$60,774
Assessment Year2025

About this property

Situated just steps from Lady Bird Lake and just minutes from all that Downtown Austin and SOCO offer, this well-appointed 2 bedroom, 1 bath condo offers unbeatable access to Austin’s beloved Ann and Roy Butler hike-and-bike trails that include 10 miles of trails perfect for biking, running, walking, and playing as well as water access to the lake via private boat dock, perfect for SUP and other water activities! This property is a short walk to vibrant cultural hotspots such as shopping and dining on South Congress, the infamous Zilker Park which hosts events such as ACL, the trail of lights, the kite festival, and more! This property is also steps away from a planned future light rail which will connect various of the city including north, south, and east Austin.—making it both a tranquil retreat and commuter's dream! Enjoy gated community living for extra security along with top-tier amenities: two sparkling pools (one with lake views), lakeside picnic areas, an on-site dog park, and seamless Google Fiber connectivity. Commuters will love the convenience of bus routes 486 and 483 at your doorstep. Lovingly maintained, the unit features wood floors throughout, an updated kitchen including countertops, cabinets, and stainless appliances, a private balcony off both bedrooms, perfect for peaceful morning coffee overlooking a quiet, tree-shaded courtyard. You'll find custom Elfa shelving in the spacious walk-in closet in the primary bedroom, two assigned parking spaces (one covered), and peace of mind with a new AC compressor and electrical upgrade completed less than a year ago. This property has delivered consistent rental income for nearly two decades, attracting professionals and grad students alike. Rental history is available upon request. Whether you're looking to live in the heart of it all or make a strategic investment, this East Riverside gem checks every box.

Investor Tools

Property Icon
$429,000
Estimated Property Value
$0Estimated Mortgage Balance
$429,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,574 /month
Positive
Cash Flow Estimate:
$858 /month

Interested in this property?

Sam Archer

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$855/month
$339/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,120
$427,749
2025
$366,975
$60,774
$427,749
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,120
$427,749

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$427,749
100%
0%
$0/mo

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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500 E Riverside Dr Apt 255 | Property Details | No Agent List