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500 Capitol Dr Unit 1

Austin, TX 78753

4 beds
3 baths
1,136 sqft
$440 per sqft
1938 build
– on site

Versatile, stylish, and income-producing — 500 Capitol Dr is a rare opportunity to own a beautifully remodeled property in one of the area's most established neighborhoods. Whether you're an investor looking to maximize rental income or a homeowner seeking help offsetting your mortgage, this residence delivers exceptional flexibility and long-term value. A standout feature of this home is its incredible income-producing potential: the main house includes an attached studio with a private entrance — ideal for short- or long-term rentals — plus a separate detached unit that creates a second revenue stream. This setup offers the perfect blend of owner-occupancy and passive income in a location that’s always in demand. Beyond its investment appeal, the home itself shines with thoughtful upgrades & quality finishes. A composition shingle roof & classic stone-and-siding exterior give it timeless curb appeal, while the neatly landscaped surroundings & two-car garage add everyday functionality. Step inside to discover luxury vinyl plank flooring, fresh neutral tones, and an open-concept layout that feels both bright and inviting. The designer kitchen features stainless steel appliances, quartz countertops, a subway tile backsplash, and sleek white cabinetry — perfect for entertaining or everyday comfort. Energy-efficient windows flood the home with natural light and frame views of the private, fenced backyard — a peaceful retreat complete with a covered patio, ideal for relaxing or hosting guests. Additional features include recessed lighting, ample storage, & smart home security for peace of mind. The property sits on a mature, well-maintained lot with a manicured lawn and towering trees, offering a charming backdrop for outdoor living. Ideally located near parks, top-rated schools, and local shopping, 500 Capitol Dr balances quiet residential living with convenient urban access. Information provided by seller & to be independently verified by the purchaser.

Listing courtesy of ABOR / Kinan Beck / eXp Realty, LLC

Last checked: Checking… • Last updated May 6, 2025 •

MLS# 2724689 —

The Building

Year Built:

1938
Unit Number:

1
Unit Style:

1st Floor Entry
New Construction:

false
Roof:

Composition
Foundation:

Pillar/Post/Pier
Exterior Features:

Exterior Steps
Accessibility Features:

None
Patio And Porch Features:

Covered
Window Features:

Wood Frames
Levels:

One
Direction Faces:

South

Interior

Interior Features:

Ceiling Fan(s)
Living:

1
Dining:

1
Flooring:

Carpet
Laundry Location:

In Kitchen

Room Dimensions

Living Area:

1136
Living Area Source:

Public Records

Financial & Terms

Possession:

Close Of Escrow
Restrictions:

None

Location

Latitude:

30.355336
Longitude:

-97.693915
Directions:

Take N. Lamar from Hwy183, turn right on Deen Ave. after Dairy Queen on left, about 0.7 miles, go 0.3 miles then left on Georgian, 492 ft, then right on Florence, 0.1 mile turn left on East, 0.1 mile right on Capitol Ave. Property on the left.

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Parcel Number:

02381801350000
Property Condition:

Resale
Other Structures:

None
Lot Features:

Level
Lot Size Area:

0 Sqft
Lot Size SqFt:

0 Sqft
SqFt Total:

916 Sqft
View:

None
Waterfront:

false
Waterfront Features:

None
Horse:

false
Additional Parcels:

false
Fencing:

Privacy
FEMA Flood Plain:

No

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

$980

Beds

Bedrooms Total:

4
Main Level Bedrooms:

4

Baths

Total Baths:

3
Total Baths:

3
Full Baths:

3

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Tenant
Virtual Tour
Video Tour:

Virtual Tour

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer
Water Source:

Public
Electric On Property:

true

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Barrington
Elementary School District:

Austin ISD
Middle School:

Webb
Middle School District:

Austin ISD
High School:

Navarro Early College
High School District:

Austin ISD

The Community

Subdivision Name:

Georgian Acres
Association Name:

500 Capitol Drive Condominium Association
Association Fee:

$75
Association Fee Includes:

Common Area Maintenance
Association Fee Frequency:

Annually
Community Features:

None
Pool Private:

false
Pool Features:

None
Spa Features:

None

Parking

Parking Features:

None
Garage:

false
Attached Garage:

false

Monthly cost estimate

Asking price

$500,000

Expense	Monthly cost
Mortgage	$2,677
Taxes	$81
Insurance	$137
HOA fees	$6
Utilities	$168 See report
Total	$3,069/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

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This house located in Northwest Austin, Austin, TX 78753 is currently for sale for $500,000. 500 Capitol Dr Unit 1 is a 1,136 square foot house with 4 beds and 3 baths that has been on Estately for 4 days. 500 Capitol Dr Unit 1 is in the Northwest Austin neighborhood of Austin and has a WalkScore® of 45, making it car-dependent. This house is in the attendance area of Webb Middle School, Barrington Elementary School, and Juan Navarro Early College High School.

Based on information from the Austin Board of REALTORS® and ACTRIS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.