110Days on Market

1view

$735,000

70 Rainey St Apt 1509, Austin, TX, 78701

On Market

2 Beds

2 Bath

1,128 Sq Ft

Condos / Townhouses

$651.6 / sqft

Built in 2018

Property Lead Type:

Deal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

AppliancesGas Cooktop, Gas Range, Microwave

FlooringTile, Wood

Exterior

Private Pool

Exterior FeaturesBalcony

Lot Size105 sqft

Building Information

Year Built2018

Stories1

Garage Spaces1

Land Information

APN02030319390000

Lot Number1509

Subdivision70 Rainey Residences Condominiums

Land UseResidential

Legal DescriptionUNT 1509 70 RAINEY RESIDENCES CONDOMINIUMS PLUS .4636 % INT IN COM AREA

Census Tract001103

Assessed Land Value$78,000

Assessed Improvement Value$898,344

Assessment Year2025

About this property

Discover downtown Austin living in this spacious 2 bedroom, 2 full bath condo at 70 Rainey Residences. Check out the video here: https://youtu.be/NplTejLt7vI. With 1,128 sqft and a northeast-facing orientation, the unit captures gentle morning light and vibrant city views. The efficient open layout provides comfortable living and dining space, two well-proportioned bedrooms, and two full baths — ideal for owners, professionals, or investors. Located in the heart of Rainey Street, enjoy immediate access to restaurants, nightlife, parks, and Austin’s central business district. Building amenities and on-site conveniences make city living effortless. Schedule a showing today to experience this exceptional downtown opportunity!

Investor Tools

$627,986Estimated Mortgage Balance

$348,358Estimated Equity

35% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,858 /month

Positive

Cash Flow Estimate:

$1,953 /month

Interested in this property?

Jason Murdy

eXp Realty, LLC

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,162/month

$1,201/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$21,057

$976,344

2025

$78,000

$898,344

$976,344

Tax History

Year

Tax Paid

Assessed Value

2024

$21,057

$976,344

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Falcon International Bank

Stand Alone Second / Subordinate Position

$668,000

First

Feb 27, 2023

Feb 2043

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$627,986

$348,358

35%

64%

$4,005/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,440/mo

$5,206/mo

$-2,766/mo

3.0%

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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