87 Rainey St, Austin, TX 78701
Property image
Property image
OFF MARKET

$2,146,500

Trulia Estimate
  • 1 Bed
  • 1 Bath
  • 1,025 sqft

87 Rainey St, Austin, TX 78701

Downtown
Est. Refi. Payment $13,688/mo*
Refinance Your Home

Home Value

Trulia Estimate
$2.15M
Since last month
Increased$34K (+1.6%)
Since last year
Increased$521K (+32.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +97% in the last 10 years
MonthEstimated value
2026
August 2026$2.11M
July 2026$2.08M
June 2026$2.08M
May 2026$2.01M
April 2026$1.99M
March 2026$2.05M
February 2026$2M
January 2026$2.01M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
802 S 1st St #121, Austin, TX
0.90
Multi-Family Home
-
07/17/26
1
1
638
620 S 1st St #209, Austin, TX
0.91
Multi-Family Home
-
04/16/26
1
1
605
1800 E 4th St #207, Austin, TX
0.81
Multi-Family Home
-
11/03/25
1
1
673
1613 Garden St, Austin, TX
0.63
Multi-Family Home
-
09/19/25
4
3
1,688
2003 E 9th St, Austin, TX
1.11
Multi-Family Home
-
04/15/26
2
2
1,860
1800 Lavaca St #201, Austin, TX
1.44
Multi-Family Home
-
11/12/25
1
1
650
1118 Mariposa Dr, Austin, TX
1.43
Multi-Family Home
-
04/30/26
4
2
1,440
1118 Algarita Ave, Austin, TX
1.50
Multi-Family Home
-
02/20/26
1
608
3414 Willowrun Dr, Austin, TX
2.51
Multi-Family Home
-
11/14/25
1
1
600
503 Allen St #503A, Austin, TX
1.98
Multi-Family Home
-
02/25/26
3
3
1,382

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
84 East Ave #1609, Austin, TX 78701
0.03
$845,000
2
2
1,176
For Sale
84 East Ave #3907, Austin, TX 78701
0.04
$609,000
1
1
727
For Sale
84 East Ave #2610, Austin, TX 78701
0.04
$775,000
2
2
1,073
For Sale
84 East Ave #1401, Austin, TX 78701
0.03
$885,000
2
2
1,293
For Sale
84 East Ave #3102, Austin, TX 78701
0.04
$549,000
1
1
697
For Sale
84 East Ave #2003, Austin, TX 78701
0.04
$699,000
2
2
969
For Sale
84 East Ave #3705, Austin, TX 78701
0.04
$715,000
1
1
920
For Sale
84 East Ave #2008, Austin, TX 78701
0.04
$475,900
1
1
667
Foreclosure
84 East Ave #3704, Austin, TX 78701
0.04
$715,000
1
1
892
For Sale
84 East Ave #3106, Austin, TX 78701
0.04
$969,000
2
2
1,224
For Sale
610 Davis St #2607, Austin, TX 78701
0.05
$437,500
1
1
621
For Sale
610 Davis St #4704, Austin, TX 78701
0.05
$4,725,000
5
5.5
3,285
For Sale

Local Information

  • Map ViewExplore the area around 87 Rainey St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
2003
Living Area
1,025 sqft
Price/Sqft
$2,094
Parking
Garage

About this House

Rainey Street's newest luxury property! Live in the middle of the action & walk to everything downtown Austin has to offer! Rooftop pool & fitness center! Huge floorplan!

*This price reflects this property's current rent special of 8 weeks free!
87 Rainey St, Austin, TX 78701 is a 1 bedroom, 1 bathroom, 1,025 sqft multi-family in Downtown, built in 2003. More recently, it was listed as a rental in February 2018 with an asking price of $1,999 per month. That rental listing was removed on March 31, 2018. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $2,146,500, with a rent estimate of $2,586/month.

Home Details for 87 Rainey St

Interior Features

Levels, Entrance, & Accessibility
Stories: 2Floors: Hardwood
Appliances & Utilities
DryerWasher
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: MetalFoundation Type: Slab
Pool
Pool
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 1

Lot Information

Lot Area: 5967 sqft

Building

Community rooms
Fitness Center

Price and Tax history

DateEventPrice
Mar 31, 2018
Source: Agent Provided
ListingRemoved
$2,196
Mar 26, 2018
Source: Agent Provided
PriceChange
$2,196
Price increased by 15%
Mar 4, 2018
Source: Agent Provided
PriceChange
$1,904
Price decreased by 1%
Feb 20, 2018
Source: Agent Provided
PriceChange
$1,917
Price decreased by 4%
Feb 1, 2018
Source: Agent Provided
Listed For Rent
$1,999

Market trends in Austin

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$586K
$14.3KMoM
Sale-to-List Price
97.9%
Price per sq ft
$306
$4MoM
Available listings
5514
156MoM

Around this home

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

LGBTQ Local Legal Protections

Frequently asked questions about 87 Rainey St

  • What is 87 Rainey St estimated to be worth?
    Trulia's estimated value for 87 Rainey St in Austin, TX is $2,146,500.
  • Is Austin a buyer's or seller's market?
    Austin is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Austin?
    The median sale price in Austin is $586K. That is up $14.3K from the prior month.
  • What do residents say about the Downtown neighborhood?
    Residents describe the Downtown neighborhood in Austin, TX as dog-friendly, pedestrian-friendly, and walkable to restaurants. See recently sold homes in Downtown, Austin.
  • Does 87 Rainey St have air conditioning?
    Yes, 87 Rainey St in Austin, TX has air conditioning.
  • Does 87 Rainey St have a pool?
    Yes, 87 Rainey St in Austin, TX has a pool.

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