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$649,000

NAL Estimated Property Value

506 West Ave # D, Austin, TX, 78705

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,130 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.76 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.75Bathrooms Full 2.75
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Range, Free-Standing Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Wine Refrigerator
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Uncovered Courtyard
Lot Size3,489 sqft

Building Information

Year Built1981
Stories2
Roof Type105
Garage Spaces2

Land Information

APN02180317050000
Lot NumberD
SubdivisionHemphill Park Townhomes
Land UseResidential
Legal DescriptionLOT D HEMPHILL PARK TOWNHOMES
Census Tract001102
Assessed Land Value$458,194
Assessed Improvement Value$143,009
Assessment Year2025

About this property

Welcome to 506 West 33rd Street, a modern lease opportunity in Austin, TX, just minutes from the vibrant University of Texas campus. This stylish townhome offers 2,130 square feet of thoughtfully designed living space, featuring 3 spacious bedrooms and 2.5 bathrooms. Upon entering, you'll be greeted by an inviting foyer leading and versatile guest bedroom, ideal as a home office or flex space. The living room boasts a cozy fireplace, perfect for relaxing evenings, and opens to a private patio and common courtyard. The kitchen, a culinary delight, is equipped with a premium range and range hood, quartzite countertops, and ample cabinetry. Upstairs, unwind in the luxurious primary suite, complete with a walk-in closet and an en-suite bathroom featuring a soaking tub and dual vanity. An additional bedroom offers a private balcony, perfect for morning coffee or evening stargazing. Additional amenities include a washer/dryer in unit and an oversized 2 car garage providing convenient parking and storage. With a walk-score of 93 and a bike score of 98 this home is ideal for those seeking an urban lifestyle with the convenience of a private townhome.

Investor Tools

Property Icon
$649,000
Estimated Property Value
$0Estimated Mortgage Balance
$649,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,894 /month
Positive
Cash Flow Estimate:
$1,298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,467/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,355
$601,203
2025
$458,194
$143,009
$601,203
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,355
$601,203

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$690,000
100%
0%
$0/mo

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 West Ave # D | Property Details | No Agent List