$599,000
●
House -
Off Market
5301 Downs DR #A
Austin, TX 78721
3 Beds
2 Baths,
1
Half Bath
1,569 Ft²
$2,942
Est. Monthly
About This Property
Stunning home near the highly desirable East MLK area! This
3-bedroom, 2.5-bath home offers quality craftsmanship, gorgeous
upgrades, and an abundance of natural light throughout. A perfect
blend of classic architecture and modern design, this two-unit
condo lives like a single-family home, fully separated from the
neighboring unit by two large storage rooms. The open-concept
kitchen features Carrera marble counters, stainless steel
appliances, and soaring 10' ceilings. Enjoy sleek concrete floors
downstairs and warm hardwoods upstairs. The spacious main-floor
primary suite provides a private retreat, while the additional
bedrooms offer flexibility for guests or a home office. A must-see
in one of Austin's hottest neighborhoods!
Unit Size
1,569 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$382
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Unlock MLS #ACT6071879)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Mar 19, 2025 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Feb 20, 2025 | Listed by Douglas Elliman Real Estate | $625,000 | |
| Listed by Douglas Elliman Real Estate | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: Driveway, Off Street
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: High Ceilings, Recessed Lighting, Walk-In Closet(s), Primary Bedroom on Main
Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Range, Refrigerator, Tankless Water Heater
Flooring Type: Concrete, Wood
Fireplace Features: None
Exterior Details
Square Footage: 1569
Square Footage Source: $0
Green Sustainability
Security Features: Prewired, Smoke Detector(s)
Property Condition: Resale
Year Built Source: Public Records
Year Built: 2016
Waterfront Features: None
Levels: Two
Other Structures: None
Window Features: None
Construction Materials: Frame, HardiPlank Type
Patio and Porch Features: Porch
Pool Features: None
Lot Features: Wooded, Trees-Small (Under 20 Ft)
Lot Size Area: 9583.2
Lot Size Units: Square Feet
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Water Source: Public
Financial Details
Tax Map Number: 22
Tax Assessed Value: $593,490
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/20/2025
|
3 Bed
|
2 Bath
|
1569 ft²
|
$625,000
3 Bed
2 Bath
1569 ft²
|
-
-
|
Katherine Stinson
Douglas Elliman Real Estate
|
Building Info
About East MLK
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Listed by: Katherine Stinson
Listed Office: Douglas Elliman Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 866-3795
Last Updated: 2025-06-06 04:59:01
Data Source: Unlock MLS, MLS# ACT6071879
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Douglas Elliman Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 866-3795
Last Updated: 2025-06-06 04:59:01
Data Source: Unlock MLS, MLS# ACT6071879
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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