$399,900

Property Overview

This 960-square-foot condo at 505 7th Street puts you in the center of downtown Austin's most vibrant core, just steps from West 6th Street's legendary entertainment scene yet nestled within the gated serenity of Posada Del Rey. The two-bedroom, one-bath layout offers genuine flexibility—whether you're seeking a primary residence, accommodating a roommate, or positioning for rental income, the open living and kitchen configuration adapts to your lifestyle. At $417 per square foot, this property sits substantially below the downtown neighborhood median, an exceptional value for this walkable urban location.

Beyond the unit itself, you're claiming access to community amenities including a courtyard pool and BBQ areas that provide respite from the downtown energy. The included garage parking removes a major pain point for urban living in Austin TX. Congress Avenue's vibrant mix of dining, retail, and culture unfolds within walking distance, while Lady Bird Lake's trail system and parks are equally accessible. Downtown Austin's job centers, Whole Foods headquarters, and the creative ecosystem that defines the city's character surround this address.

Vox Residential Insight

Vox Residential recognizes this as a rare convergence of downtown location, price positioning, and practical amenities in Austin TX's most sought-after neighborhood. The 45-percent discount to area median pricing reflects the building's vintage (1964) and single-bathroom layout, yet these factors appeal directly to savvy investors and lifestyle-focused buyers who prioritize location and walkability over newer construction.

Agent Description

Live steps from the pulse of Austin at 505 W 7th St #319—a 2-bedroom, 1-bath condo with garage parking in the heart of downtown, just steps away from the energy of West 6th Street. This ~960 sq ft residence offers a flexible layout ideal for roommates, a home office setup, or maximizing rental potential. The open living and kitchen area creates an easy, functional flow, while both bedrooms provide comfortable, private spaces—rare for this price point in such a prime location. Located in the Posada Del Rey community, enjoy gated access, a charming courtyard setting, pool, and BBQ areas—offering a quieter retreat just outside your door while still being surrounded by the buzz, excitement, and nonstop action of downtown Austin. Situated in the heart of downtown, you’re just steps from Austin’s best dining, nightlife, and entertainment in the Warehouse District, along with easy access to Lady Bird Lake, Whole Foods, and major employers. Whether you're looking for a primary residence, a lock-and-leave downtown escape, or an investor-friendly property in a high-demand rental corridor, this unit delivers location, flexibility, and true Austin lifestyle.

Neighborhood: Downtown Austin

This property is located in Downtown Austin, Austin, TX. The area is known for 6th Street Entertainment, Lady Bird Lake, Congress Avenue, High-Rise Living, Walkable Urban Core.

At $417/sqft, this listing is priced 46% below the Downtown Austin median of $766/sqft.

Property Details

Listing data last updated: May 19, 2026

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