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$530,000

NAL Estimated Property Value

506 W 51st ST A & B, Austin, TX, 78751

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,038 Sq Ft
price_per_sqft$260.06 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDryer, Dishwasher, Free Standing Range, Disposal, Microwave, Refrigerator, Washer
FlooringBamboo, Carpet, Tile, Wood

Exterior

Exterior FeaturesNone

About this property

Fantastic property located across the street from the UT Intramural Fields and on the last Bus Stop to Campus. Two separate homes are located on this property that would be perfect for the savy real estate investor, or owner occupy one home and lease the other home for rental income. The original home is a classic 1950's bungalow that has been renovated with the original hardwood floors refinished. The back home was recently completed in 2015 with all modern updates. Private fenced yards for both homes.Guest Accommodations: Yes Restrictions: Yes

Investor Tools

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$0
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$0Estimated Mortgage Balance
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0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,180 /month
Positive
Cash Flow Estimate:
$1,060 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Austin

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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.

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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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506 W 51st ST A & B | Property Details | No Agent List