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$548,475

NAL Estimated Property Value

505 Kemp, Austin, TX, 78741

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths800 Sq Ft
OfficeOffice
price_per_sqft$306.25 / sqft
Year BuiltBuilt in 1945

Highlights

Interior

Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
FlooringCarpet, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size5,650 sqft

Building Information

Year Built2020
Stories2
Roof Type105
Garage Spaces1

Land Information

APN03041609030000
Lot NumberB
Subdivision505 Kemp Condominiums
Land UseResidential
Legal DescriptionUNT B 505 KEMP CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract002327
Assessed Land Value$90,000
Assessed Improvement Value$458,475
Assessment Year2025

About this property

Office Building, currently used as a Church - ZONE: SF3 for Duplex or Residential Plenty of space for parking-the # of parking spaces in the MLS is an estimate for the space available in the front of the building. More space in the back Seller is willing to leave everything that is inside the church ONLY if the buyer will use the building as a church - Seller will only take cruces and baby changing table.

Investor Tools

Property Icon
$548,475
Estimated Property Value
$387,184Estimated Mortgage Balance
$161,291Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,291 /month
Positive
Cash Flow Estimate:
$1,097 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,297/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,819
$548,475
2025
$90,000
$458,475
$548,475
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,819
$548,475

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$429,750
No
First
Mar 18, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$387,184
$161,291
29%
71%
$2,577/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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505 Kemp | Property Details | No Agent List