500 E 5th St, Austin, TX 78701
OFF MARKET

500 E 5th St
Austin, TX 78701

Downtown
  • Studio

$518,500

Trulia Estimate
as of May 24, 2026
Est. Refi. Payment $3,292/mo*
Refinance Your Home

$518,500

Trulia Estimate
as of May 24, 2026
Est. Refi. Payment $3,292/mo*
Refinance Your Home
Studio

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

Fully leased for 5 years. Listed on the National Register of Historic Places, the Paggi familys original Blacksmith Shop, built in 1874, is comprised of gallery entry, conference room, two offices, full kitchen, full bath with tiled shower, walk in fire proof vault, storage rooms and pull in garage, all opening into adjoining newly constructed 1800 square foot open studio space with 22 foot ceilings. This open studio space was constructed with support in place to easily add a second floor and windows. Upstairs is approx 2,000sf of creative offices, open conference areas,kitchen area and bathroom. Please view the attached floorplan to see layout of these two buildings. Hard corner site - NE corner of 5th and Neches, across from Hilton Hotel and main pathway between Austin Convention Center and 6th Street Entertainment District. High traffic count and visibility on 5th Street corridor. Prime retail location will support a variety of consumer based users, restaurant, creative loft/live work. Unique interior finishes include original long leaf pine floors, interior limestone walls, stained concrete floors, custom ironwork, skylight. Secure loading area/parking space on 5th street protected by custom 12 foot rolling iron gate. Possible exit strategy to develop into boutique hotel (encase historic building and have a charming lobby) and go up 11 stories.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
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HOA
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Listed
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Home Details for 500 E 5th St

Property Information

Property Type / Style
Property Type: Single Family Home

Price History for 500 E 5th St

DatePriceEventSource
03/12/2012$2,250,000ListingRemovedAgent Provided
02/11/2012$2,250,000Listed For SaleAgent Provided
11/17/2011$2,250,000ListingRemovedAgent Provided
02/24/2011$2,250,000Listed For SaleAgent Provided
11/13/2010$2,250,000ListingRemovedAgent Provided
08/19/2010$2,250,000Listed For SaleAgent Provided
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Comparable Sales for 500 E 5th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
610 Davis St #2908, Austin, TX
0.39
Single-Family Home
-
10/01/25
2
2
1,174
610 Davis St #2209, Austin, TX
0.39
Single-Family Home
-
07/23/25
1
1
660
911 Olive St, Austin, TX
0.59
Single-Family Home
-
01/22/26
3
4
1,030
1169 Curve St, Austin, TX
0.61
Single-Family Home
-
10/30/25
2
1
800
1205 E 9th St, Austin, TX
0.62
Single-Family Home
-
08/11/25
3
1.5
2,040
1110 Juniper St, Austin, TX
0.68
Single-Family Home
-
05/15/26
3
2
1,324
1302 Garden St, Austin, TX
0.70
Single-Family Home
-
05/15/26
2
1
1,044
1201 Taylor St, Austin, TX
0.70
Single-Family Home
-
07/13/25
2
2.5
1,414
1202 Cotton St, Austin, TX
0.71
Single-Family Home
-
06/20/25
3
2
1,648
1309 Garden St, Austin, TX
0.73
Single-Family Home
-
09/18/25
2
2
1,001

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Assigned Schools

These are the assigned schools for 500 E 5th St.
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Neighborhood Overview

Downtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Downtown

At least 171 Trulia users voted on each feature.

  • 90 % Say it's dog friendly

  • 88 % Say there are sidewalks

  • 76 % Say it's walkable to restaurants

  • 74 % Say people would walk alone at night

  • 72 % Say streets are well-lit

  • 66 % Say it's walkable to grocery stores

  • 64 % Say there's holiday spirit

  • 58 % Say car is needed

  • 57 % Say parking is easy

  • 54 % Say they plan to stay for at least 5 years

  • 52 % Say it's quiet

  • 45 % Say neighbors are friendly

  • 43 % Say yards are well-kept

  • 39 % Say there are community events

  • 36 % Say kids play outside

  • 29 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Seneca Elizabeth
    "I just came to attend a concert. Will be leaving on Monday. Interesting architecture. And lots of different restaurants. Short freeway ride from the airport."
    0
    Flag
  • Katy Glazebrook
    "Several events, fairs, music venues, bars, and restaurants. Always a concert or free events going on. "
    0
    Flag
  • Trulia User
    "I work and live downtown, I pretty much walk everywhere. Everything I need is within a couple miles."
    0
    Flag
  • Shane H.
    "Non-existent. My office is less than a mile away. I can carpool or walk with no issues. Never worried about traffic or anything."
    4
    Flag
  • Shane H.
    "Generally less kids around. Mostly younger professionals working in and around downtown. Not the most kid friendly scene."
    2
    Flag
  • Alon Z.
    "Austin high school nearby, several elementary schools and ACC in the area. Also have the hike and bike trail and Texas rowing center along the trail"
    1
    Flag
  • Anthony M.
    "Real old Austin feel. Multiple bus routes. close to shopping, good bars and restaurants. farmers market being built nearby. "
    13
    Flag
  • Stephen M.
    "We live in the Seaholm area near the Trader Joe’s. There is a common area in this development with turf grass for kids to run around. "
    1
    Flag
  • Jeffrey G.
    "Not a lot of kids in the neighborhood. Mostly couples with dogs or very young kids. Changing area with amenities starting to arrive. "
    0
    Flag
  • Victor B.
    "Lots of homeless people and high crime rates are the norm around here. Friday and Saturday nights get crazy around here so be ready for that."
    0
    Flag
  • Micah
    "It’s in the perfect location for all types of food clubs parks and just in the hub perfect area to be accessible to anything you might want to do And being with you is breathtaking"
    4
    Flag
  • Analiciam92
    "I wouldn’t take my kids downtown Austin too much a lot of homeless people- some have outburst or get upset if you don’t give them what they ask for-or they get into it over jealousy- aside from all that there are a lot of bars don’t bring your kiddos at night especially anyways if u like fun party type downtown austin is for u "
    1
    Flag
  • Nicole M. M.
    "Walking distance to all the things Austin has to offer. Perfect for folks working downtown, single and young professionals. "
    12
    Flag
  • Melissa R.
    "I live in a suburban area in central (coastal) CA. Commute is 9.5 miles and it takes about 15 minutes by car or 45 minutes by bike."
    0
    Flag
  • Matty D.
    "6th street and congress street and all the theaters and restaurants and bars that are available. Derp. "
    0
    Flag
  • Eastgaboy
    "Amazing family friendly area! Our kids play with many of the kids in the neighborhood. Families hang out together and eat together. This is a great location for young families. There are many family events downtown like first Friday and many others every month."
    3
    Flag
  • Don
    "You can walk to everything. Whole Foods, Trader Joe’s, bars, restuarants, movie theaters, shops. The life style is hard to beat."
    3
    Flag
  • Don
    "Downtown. Walk to the Farmer’s Market, Whole Foods, Trader Joe’s, dozens of restaurants and movie theaters."
    1
    Flag
  • Joep v. L.
    "I sold my house in Austin and now lease short term downtown - the best place on earth. You can swim, row, bike, walk and go out for lunch dinner & drinks"
    2
    Flag
  • Joeadamsen
    "west downtown Austin is great. it feels like a neighborhood but you are only a block away from the city. "
    1
    Flag
  • Matt C.
    "Austin has one of the friendliest downtown areas for dog owners in the U.S. I've never seen so many places that are accommodating to animals, providing water, bowls, and even treats in some places."
    1
    Flag
  • Krishna K.
    "For dog owners like me, it's not advisable to live downtown. Not enough walking paths for pets."
    1
    Flag
  • Kay A.
    "While there are places to walk, it IS an urban area."
    0
    Flag
  • Anna D.
    "The apartments are small, but there are so many dog parks, dog stores, and parks. There's tons of green space where you can take your dog."
    0
    Flag
  • Heather M.
    "Many people living downtown have dogs, so there's always company when you're walking your pet. There are handy places for pets to board and be groomed within walking distance."
    1
    Flag
  • Tabitha E.
    "Busy and lively. There are lots of job opportunities here, so therefore lots of people to interact with."
    0
    Flag
  • Yuxi L.
    "Downtown Austin is a mix of small-town feel with big-town attractions. We love our local establishments. It's easy to walk around, with green spaces scattered all over. And local bands play every week. We have new buildings constantly going up and festivals happening all year round. The downtown scene is changing dramatically, bringing in new concepts next to old standbys."
    0
    Flag
  • Heather M.
    "Everything I need is within walking distance, and there's plenty to do."
    0
    Flag
  • Anna D.
    "It is very walkable—urban mixed with nature. It is very convenient to get in and out of."
    0
    Flag
  • John B.
    "New and trendy restaurants and bars are everywhere. The hike and bike trail along the lake is great. Plenty of things to do, no matter what mood you're in."
    0
    Flag
  • Amy C.
    "Downtown is where everything happens. It's a nice balance of culture, music, and business—as well as government. The University of Texas is also just north of downtown, so that adds another dimension to this area."
    0
    Flag
  • Matt C.
    "Downtown is busy and getting busier as more and more companies move here. Downtown does have good access to get north, south, east, and west. Traffic is pretty normal for a big city with 1 million + people. I moved here from California, and Austin is still better than that (SF area, LA area, San Diego, etc.)."
    0
    Flag
  • John B.
    "Easy if you are going north on I-35 in the morning. Coming into downtown at 5 pm, forget about it, not happening."
    0
    Flag
  • Heather M.
    "Traffic can be bad, but I work only about 25 blocks from my home so I have it easy."
    0
    Flag
  • Jordan H.
    "Very easy. As long as there isn't construction, everything is smooth."
    0
    Flag
  • Heather M.
    "There's plenty for kids to do, including lots of action at the new downtown library and the skate park."
    0
    Flag
  • Ben E.
    "It's more of an adult location than for children. "
    0
    Flag

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500 E 5th St, Austin, TX 78701 is a studio single-family home. 500 E 5th St is located in Downtown, Austin. This property is not currently available for sale. The current Trulia Estimate for 500 E 5th St is $518,500.