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$455,000

NAL Estimated Property Value

54 Rainey St Apt 415, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths756 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$575.4 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesBuilt-In Refrigerator, Dishwasher, Exhaust Fan, Microwave, Electric Oven, Washer, Electric Water Heater
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size192 sqft

Building Information

Year Built2005
Stories1
Garage Spaces1

Land Information

APN02030312400000
Lot Number415
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 415 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA
Census Tract001103
Assessed Land Value$142,298
Assessed Improvement Value$232,313
Assessment Year2025

About this property

Experience elevated downtown living at 54 Rainey St. #415, a beautifully renovated 1-bedroom, 1-bathroom condo. This 756-square-foot home has been thoughtfully upgraded to offer both style and comfort. The sleek kitchen features updated appliances, designer cabinetry, and stylish lighting, creating a modern space ideal for cooking and entertaining. The spa-inspired bathroom boasts a walk-in shower, enhanced by elegant tile work and contemporary fixtures, providing the perfect retreat after a day of urban exploration. Step onto your private balcony to enjoy serene views, or head to the rooftop pool to take in stunning panoramas of downtown Austin and Lady Bird Lake. The building’s exceptional amenities include a fully equipped gym, 24-hour concierge service, and impeccably maintained common areas—all complemented by some of the most affordable HOA fees in the downtown area. Situated in the heart of the vibrant Rainey Street district, this condo is steps away from Lady Bird Trail, offering easy access to biking, running, and waterfront activities. Rainey Street’s eclectic mix of restaurants, bars, and coffee shops ensures that dining and nightlife options are always close at hand. The property’s prime location provides seamless access to I-35, East Austin, South Congress, and beyond, making it a perfect choice for those seeking the ultimate urban lifestyle. Whether you're catching fireworks from the rooftop, grabbing a morning coffee, or enjoying a peaceful stroll along the trail, this home is the ideal blend of modern sophistication and Austin charm. All values are approximate and to be verified.

Investor Tools

Property Icon
$455,000
Estimated Property Value
$315,549Estimated Mortgage Balance
$140,042Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,730 /month
Positive
Cash Flow Estimate:
$910 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$708/month
$584/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,222
$374,611
2025
$142,298
$232,313
$374,611
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,222
$374,611

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$344,250
No
First
Nov 30, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$315,549
$135,451
30%
69%
$2,064/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,648/mo
$-568/mo
5.5%

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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54 Rainey St Apt 415 | Property Details | No Agent List