$495,000

Property Overview

This 17th-floor condo at 48 East Ave in the Rainey Street District arrives fully furnished and actively generating income as an established short-term rental with strong Airbnb reviews and seamless management infrastructure. Positioned in one of Austin's few downtown high-rises that welcomes investment properties, this 742-square-foot residence captures sweeping skyline views through floor-to-ceiling windows while maintaining an efficient, open layout perfect for hospitality operations. The modern kitchen features European-style cabinetry and premium appliances, while every design element is thoughtfully curated to attract bookings and maximize guest experience.

Beyond the unit itself, Natiivo's hospitality-focused amenities enhance the investment appeal: a rooftop pool with cabanas, fitness center with yoga and Peloton studios, and co-working spaces that appeal to today's travelers. The property sits at $667 per square foot, notably 22% below the neighborhood median, offering compelling value for investors seeking Austin TX real estate with immediate revenue potential. An adjacent nearly identical unit, 1707, is also available for purchase together, creating operational efficiencies and expanded income opportunities for those scaling their portfolio.

Vox Residential Insight

From Vox Residential's perspective, this is one of the rare downtown Austin properties where investor-friendly policies align with established short-term rental demand and below-market pricing. The dual-unit opportunity next door represents a significant advantage for operators looking to build a meaningful footprint in Rainey Street's luxury market without the typical downtown restrictions.

Agent Description

Built for income, designed for flexibility, and positioned in the only downtown Austin high-rise that actually allows it. There’s also an opportunity to scale. A second, nearly identical unit next door, Unit 1707, is available and can be purchased together, creating efficiency in management and a stronger overall investment position. This 17th-floor residence is fully furnished and already performing as a short-term rental, with an established Airbnb presence, strong reviews, and a management setup that can transfer seamlessly. No ramp-up, no guessing. It’s already in motion. Inside, the layout is clean and efficient with floor-to-ceiling windows, an open flow, and a modern kitchen finished with sleek European-style cabinetry and premium appliances. Every piece, from furniture to décor, is dialed in to attract bookings and maximize usability. Natiivo operates with a hospitality-driven model, offering a rooftop pool with cabanas, fitness center with yoga and Peloton studios, co-working spaces, café and bar, plus 24-hour concierge and valet. It’s built to support both owners and guests at a high level. Walkability is a major driver here, with Rainey Street, Lady Bird Lake, and some of Austin’s top restaurants and nightlife just outside the door.

Neighborhood: Rainey Street District

This property is located in Rainey Street District, Austin, TX. The area is known for Historic Bungalow Bars, Lady Bird Lake Access, Luxury High-Rises, Skyline Views, Vibrant Nightlife.

At $667/sqft, this listing is priced 20% below the Rainey Street District median of $830/sqft.

Property Details

Listing data last updated: May 19, 2026

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