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506 1/2 W 7th ST Unit #B
Austin, TX, 78701
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Downtown living. Small Boutique # 5 unit property. All units have been remodeled. There are three studios in back with patios, Unit # B has Terrazzo floors, stainless steel appliances, large balcony, granite counter tops. gated access, 1 car reserved parking space. water & trash paid. Floor plan is in the documents available section. Reserved parking space # 7.
Property Type
Residential Lease
Year Built
1961
Lot Size
0.18 acres
$/Sq Ft
$2
Listed by Capital Properties Real Estate
Verified property facts
506 1/2 W 7th ST Unit #B is listed at $1,500 with 1 bedrooms, 1 full bathrooms, 652 square feet, 0.18-acre lot.
506 1/2 W 7th ST Unit #B is zoned for Austin ISD with assigned schools: Mathews (elementary), O Henry (middle), Austin (high). School assignments should be verified directly with the district.
506 1/2 W 7th ST Unit #B is a Residential Lease built in 1961 featuring 1 bedrooms, 1 full bathrooms, 652 square feet, 0.18-acre lot.
506 1/2 W 7th ST Unit #B is listed by Capital Properties Real Estate. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Jun 4, 2026.
506 1/2 W 7th ST Unit #B is priced at $2 per square foot across 652 sqft. The Downtown Austin neighborhood guide reference price is $875,000 (Downtown Austin neighborhood guide · reference price).
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Parking
1 record on file
Every recorded listing, sale, and lease at 506 1/2 W 7th ST Unit #B, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-4.7% | — | $1,629,340 | $1,332,936 | $296,404 |
2024+8.9% | — | $1,708,820 | — | $211,235 |
2023+27.4% | — | $1,569,350 | — | $585,236 |
2022+1291.3% | — | $1,231,940 | — | $470,758 |
2021 | — | $88,544 | — | $30,443 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($300)
Adjustable assumption - not a lending recommendation.
$1,500
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,500
Price per sqft
$2/sqft
Vs. Neighborhood guide reference price
-99.8%
$875K · Downtown Austin neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$1.5K original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 100% below the Downtown Austin neighborhood guide reference price. Downtown Austin neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 4, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
This page does not assume a mortgage rate or publish a monthly payment for 506 1/2 W 7th ST Unit #B. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Jun 4, 2026, 506 1/2 W 7th ST Unit #B is offered at $1,500. The current MLS snapshot shows 213 active listings in 78701. Keenan Group has completed 11 verified transactions in 78701 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Downtown Austin guide for current neighborhood analysis.
506 1/2 W 7th ST Unit #B was built in 1961 (65 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for Austin ISD in the 78701 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Walker's Paradise
Good Transit
Very Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
5 events on record
Current Price
$1,500
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-4.7% | — | $1,629,340 | $1,332,936 | $296,404 |
2024+8.9% | — | $1,708,820 | — | $211,235 |
2023+27.4% | — | $1,569,350 | — | $585,236 |
2022+1291.3% | — | $1,231,940 | — | $470,758 |
2021 | — | $88,544 | — | $30,443 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Comparable homes that recently closed in this area
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
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