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$736,667

501 West Ave Apt 2002, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths846 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$4.61 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesBuilt-In Electric Oven, Built-In Freezer, Built-In Gas Range, Cooktop, Dishwasher, Disposal
FlooringMarble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size52 sqft

Building Information

Year Built2018
Stories1
Garage Spaces1

Land Information

APN01070033820000
Lot Number2002
SubdivisionFifth & West Residences Condominium
Land UseResidential
Legal DescriptionUNT 2002 FIFTH & WEST RESIDENCES CONDOMINIUM PLUS .3137 % INT IN COM AREA
Census Tract001102
Assessed Land Value$11,803
Assessed Improvement Value$724,864
Assessment Year2025

About this property

Come home to a calm, light-filled space above Downtown Austin’s Market District. With seamless western views that extend from Lady Bird Lake to the Hill Country, you can enjoy the natural beauty of Austin while living in the center of it all. Walls of glass and 9 ft+ ceilings make this 1 bedroom/1.5 bath residence feel more spacious than its 846 sq. ft. A modern palette of medium-tone hardwood floors and crisp white walls graces the living space, ready for your unique interpretation. Entertain with style in the wide-open layout. A sleek kitchen occupies an oversized footprint, perfect for food-lovers and home chefs. The thoughtfully-designed kitchen includes flat-front, custom Italkraft cabinetry, luxurious Miele appliances, and a quartz-topped island with a waterfall edge and breakfast bar seating. Your extended living room includes a window-surrounded office alcove, giving you much-needed separation between work and play. Your owner’s suite is an escape from your busy life. The marble-clad floors and vanity play off the Hansgrohe fixtures and frameless glass shower in your serene spa bath. Step out onto your private terrace for a little fresh air and sunset views. Low-density and amenity-rich, the residences at Fifth & West offer an incredible downtown lifestyle. Walk to the Lady Bird Lake Hike and Bike Trail, Whole Foods, and the Seaholm and 2nd Avenue Districts for restaurants, nightlife, and shopping. Parking space available for a separate fee of $200/month. Tenant pays all utilities except association fees, and is responsible for building move-in fee and deposit if applicable. No smokers. Pets negotiable with deposit depending on size and breed. Available for 12-24 months.

Investor Tools

Property Icon
$736,667
Estimated Property Value
$448,900Estimated Mortgage Balance
$736,667Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,420 /month
Positive
Cash Flow Estimate:
$1,473 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,654/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,161
$736,667
2025
$11,803
$724,864
$736,667
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,161
$736,667

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$448,900
No
First
N/A
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$736,667
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
N/A
+$2,080/mo
3.4%

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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501 West Ave Apt 2002 | Property Details | No Agent List