2503 Parker Ln Unit A & B, Austin, TX 78741

$505,000
2,314
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$505,000
Status
ACTIVE
MLS#
5928885
Days on Market
379
Living Area
2,314
Lot Size
10,750
Area
Austin - Southeast

Property Description

Fantastic investment opportunity just minutes from downtown Austin and on the UT shuttle route. This 1977-built duplex offers 2,314 total sq. ft. and 2-car carports for each unit. Unit A, currently vacant and used as a short-term rental, is approximately 1,389 sq. ft. with 3 bedrooms, 2 baths, living, and dining areas—ready for showings. Unit B is approximately 925 sq. ft., featuring 2 bedrooms, 2 baths, living, and dining space, currently leased at $1,800/month through January 2026. Each unit includes its own utility room, covered back patio, and fenced yard beneath mature tree canopies providing ample shade. The duplex offers exceptional location benefits: just two blocks from East Oltorf Street, with easy access to UT shuttle and Metro routes, only a 5-minute drive or 10-minute bike ride to Lady Bird Lake and downtown Austin. Proximity to St. Edward’s University, SoCo, SOLA, Austin-Bergstrom International Airport, and central Austin amenities makes this property ideal for investors or owner-occupants. Zoned SF-3, this duplex combines functional living spaces, strong rental potential, and a highly sought-after location near everything central Austin has to offer. Whether you’re looking to maintain short-term rental income, long-term tenants, or future redevelopment, this property is perfectly positioned to deliver both convenience and value.

Additional Information

Tax Year
2025
Year Built
1977
Parking Spaces
8
Exterior Features
See Remarks, Exterior Steps, Lighting
Interior Features
See Remarks, Ceiling Fan(s), Chandelier, Laminate Counters
Roof
Composition
Appliances
Built-In Electric Oven, Dishwasher, Disposal, Electric Cooktop, Freezer, Microwave, Oven, Refrigerator, Washer/Dryer
Construction
See Remarks
Num Fireplaces
2
Region
Austin - Southeast
School District
Austin ISD
Elementary School
Linder
High School
Travis
Middle School
Lively
Sewer
Public Sewer
Stories
2
Street Name
Parker Ln
Street Number
2503
Neighborhood
Glenway Terrace
Unit
A & B
Water
Public
Acres
0.25
County
Travis
Floor
Tile, Vinyl, Wood
Heating
See Remarks, Central, Electric
Lot Description
Back Yard, City Lot, Curbs, Front Yard, Gentle Sloping, Interior Lot, Landscaped, Level, Near Public Transit, Public Maintained Road, Trees-Heavy, Trees-Large (Over 40 Ft), Many Trees

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams - Lake Travis. Contact: (512) 415-9023

Brought to you by the Austin Board of REALTORS® All visitors are subject to ABoR Terms and Conditions of Use.