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$1,455,000

70 Rainey ST 1901, Austin, TX, 78701

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,697 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$857.4 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt In Refrigerator, Dryer, Dishwasher, Gas Cooktop, Disposal, Microwave, Oven, Range Hood, Self Cleaning Oven, See Remarks, Wine Refrigerator, Washer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size161 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APN02030319680000
Lot Number1901
Subdivision70 Rainey Residences Condominiums
Land UseResidential
Legal DescriptionUNT 1901 70 RAINEY RESIDENCES CONDOMINIUMS PLUS .7242 % INT IN COM AREA
Census Tract001103
Assessed Land Value$121,845
Assessed Improvement Value$1,368,116
Assessment Year2025

About this property

Some addresses are just addresses. This one is a decision. Nineteen floors above Lady Bird Lake, floor-to-ceiling glass frames uninterrupted views of the water and skyline, filling the residence with natural light. Eleven-foot ceilings enhance the volume, bringing the outdoors in and creating a sense of scale that feels both open and intentional. The D1 floor plan, one of the most functional layouts in 70 Rainey, is designed for how people actually live. Two full primary suites offer both privacy and flexibility, while a bonus room seamlessly adapts as a private study, guest room, or a custom wardrobe space. A true 2-bedroom, 2-bath residence with an additional flex space, it delivers a layout that works as hard as you do. Finishes are deliberate. Wide-plank European hardwood adds warmth and longevity. Italian cabinetry delivers clean lines and quiet precision. Quartz surfaces create a sharp, modern edge, complemented by a full suite of Miele appliances. Outside, Rainey Street Historic District offers one of Austin’s most walkable and energetic environments, with restaurants, nightlife, and the hike-and-bike trail just steps away. Residents enjoy 24/7 concierge service and two reserved parking spaces for a seamless lock-and-leave lifestyle. Designed for today’s downtown buyer, whether relocating, downsizing, or securing a second home, this residence delivers flexibility, access, and presence. Recognized as an award-winning high-rise, 70 Rainey stands at the center of Austin’s evolving skyline. Unit 1901 is positioned to present a rare alignment of view, layout, and location in a market where opportunities like this don’t sit.

Investor Tools

$857,493Estimated Mortgage Balance
$632,468Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,940 /month
Positive
Cash Flow Estimate:
$2,980 /month

Interested in this property?

Johnny Devora

Devora Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,289/month
$1,783/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$32,021
$1,489,961
2025
$121,845
$1,368,116
$1,489,961
No

Tax History

Year
Tax Paid
Assessed Value
2024
$32,021
$1,489,961

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$961,275
No
First
Nov 25, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$857,493
$632,468
42%
58%
$5,764/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$7,547/mo
$-5,107/mo
2.0%

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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