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Boutique Live-Work Building
For Lease
$3,200/Mo NNN

1-506 W 7th St, Austin, TX 78701

Remodeled five-unit gated property offering flexible office and residential use with reserved parking and paid water.

Space SizeContact for details
Days on Market57

Property Features for 1-506 W 7th St

General Information

Standard status Active
Total Parking Spaces 2

Additional Details

Multifamily Units 5
Listing Agency: Capital Properties Real Estate
Listed By: Richard Egan
Source: Exprealty
Added: Jun 27 Changed: Aug 20 Last Checked: Aug 21 at 9:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Properties Real Estate

Investment Insights

Based on property information with market context.

This is a small boutique five-unit live-work style property with all units remodeled. Interiors feature oak hardwood floors, updated appliances, granite countertops, and newly tiled bathrooms. Gated access is provided, along with reserved parking in the form of carport spaces. The offering also includes trash and water paid, with leases available for 12 to 24 months. Unit #1 is located downstairs in the front building, and gate access requires calling the agent for the gate code. The property may be used as office and/or residential, and it is stated as no NNN.

The property is positioned for downtown living at 1-506 W 7th St in Austin, Texas. Reserved carport parking spaces #3 and #4 are associated with this unit. Additional unit-specific layout details are available in the floor plan documents section.

This configuration is well-suited for a tenant seeking a smaller, boutique setting with finished updates and the option to operate as either office or residential space. With gated entry, reserved parking, and utility services that include trash and water paid, day-to-day occupancy is designed to be straightforward. Availability is supported by 12-24 month lease terms.

Key Highlights

  • 5‑unit boutique property with all units remodeled
  • Oak hardwood floors, updated appliances, and granite countertops throughout the units
  • All bathrooms feature new tile

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Adult Day Care Pet Grooming Service Mobile Phone Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

12,087
Businesses Nearby

Demographics for 78701, TX

11,625
Population
8,021
Households
1.4
Avg Household Size
38
Median Age
81%
College-Educated
96%
High-School Grad
1.5 sq mi
ZIP Area
7,750
Density / Sq Mi
$154,867
Median Household Income
$106,932
Median Earnings
$2,732
Median Rent
$653,600
Median Home Value

Market

Vacancy Rate% for Office in Austin, TX

9.1% 2019
17.1% 2020
18.7% 2021
21.8% 2022
27.1% 2023
29.8% 2024
29% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Remodeled five-unit gated property offering flexible office and residential use with reserved parking and paid water.
Where is this apartment building located?
The property is located at 1-506 W 7th St Austin, TX.
What is the lease rate?
The lease rate is $3,200/Mo.
What are key features of this property?
This property features: 5‑unit boutique property with all units remodeled; Oak hardwood floors, updated appliances, and granite countertops throughout the units; All bathrooms feature new tile
More about this property
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