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$1,120,000

NAL Estimated Property Value

500 West Ave, Austin, TX, 78751

Off MarketInfo
Beds6 Beds
Baths5 Bath
Baths2,814 Sq Ft
price_per_sqft$353.59 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Stainless Steel Appliance(s), Water Heater
FlooringConcrete, Tile, Vinyl

Exterior

Exterior FeaturesBalcony, Lighting, Private Yard
Lot Size6,978 sqft

Building Information

Year Built2013
Stories2
Roof Type105
Garage Spaces2

Land Information

APN02250902020000
Lot Number11
SubdivisionNorthfield Annex No 2
Land UseResidential
Legal DescriptionLOT 11 BLK 3 NORTHFIELD ANNEX NO 2
Census Tract001102
Assessed Land Value$335,674
Assessed Improvement Value$744,377
Assessment Year2025

About this property

In the heart of North Loop, one of Central Austin’s most vibrant neighborhoods, this property offers a rare opportunity that works just as well for investors as it does for someone looking to make it home. The location is the real draw, it’s extremely walkable, right on the bus line, and just minutes from Downtown, UT, and some of Austin’s most beloved shops and restaurants. From Epoch Coffee and Double Trouble to Nervous Charlie’s, Titaya, Foreign & Domestic, and More! The best of local dining and culture is just outside your door. The property includes two residences. The main home features an open living, dining, and kitchen space with a half bath on the first floor. Upstairs you’ll find four equal bedrooms and two full baths. This home also comes with four dedicated parking spots. The back house has its own open kitchen and living area with a half bath on the main level, plus two bedrooms and a full bath upstairs. Outside, it offers a private fenced yard and a two-car garage for secure parking. Both homes feature flex spaces for multiple use, stained concrete floors downstairs, wood-look flooring up, and no carpet. Each comes equipped with a washer/dryer, refrigerator, range, microwave, and dishwasher, that convey. Currently leased through July 2026, the property has a strong rental history with consistent occupancy and no breaks between tenants. Investors will appreciate the proven demand and proximity to UT shuttle and city bus routes. For an owner-occupant, the flexibility is unbeatable, live in one and rent the other, or create your own multi-home retreat right in the city. North Loop is known for its energy, character, and unbeatable central location. This property offers a rare mix of proven investment potential with consistent demand and a location that makes everyday living effortless. Whether you’re looking for your own private compound or to expand your portfolio, it’s an opportunity that stands out in the heart of North Loop.

Investor Tools

Property Icon
$1,120,000
Estimated Property Value
$430,298Estimated Mortgage Balance
$473,721Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,720 /month
Positive
Cash Flow Estimate:
$2,240 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,287/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,844
$1,080,051
2025
$335,674
$744,377
$1,080,051
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,844
$1,080,051

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ubs Bank Usa
Conventional
$500,000
No
First
Apr 19, 2019
May 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$430,298
$649,753
60%
38%
$2,998/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$2,998/mo
$-558/mo
2.6%

City: Austin

500 West Ave | Property Details | No Agent List