Active

2503 Parker Lane #A B

Austin, TX 78741

$505,000 $2,129/Mo

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Overview

Bed

Bath

2,314

Sqft

0.25

Acre(Lot)

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 ri de 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.

Property Details

Property Type : ResidentialIncome

Price : $505,000

AD Id : 65985921

MLS Id : 5928885

Beds : 5

Lot Size : 0.25 Acre

Living Area Size : 2,314

Year Built : 1977

County : Travis

Subdivision: Glenway Terrace

Map

What's Nearby

Nearby Areas

Features

Interior Features

CeilingFans, Chandelier, LaminateCounters, SeeRemarks

Roof: Composition

Appliances: BuiltInElectricOven, Dryer, Dishwasher, ElectricCooktop, Freezer, Disposal, Microwave, Oven, Refrigerator, Washer

Laundry Features: LaundryRoom, SeeRemarks, ElectricDryerHookup
Heating & Cooling

Heating: Central, Electric, SeeRemarks Has Cooling: Yes

Building Information

Year Built: 1977

Construction Materials: SeeRemarks

Stories: 2

Pool Features: None

Private Pool: No

Water front Features: None

View: Neighborhood
Exterior Features

Exterior Features: ExteriorSteps, Lighting, SeeRemarks

Lot Information

Lot Dimensions: 77 x 151 Main Square Feet: 0.2468 Lot Size Acres: 0.2468 Lot Description: BackYard,CityLot,FrontYard,GentleSloping,InteriorLot,Landscaped,Level,NearPublicTransit,ManyTrees,TreesLargeSize

Property Information

Subdivision: Glenway Terrace Source Property Type: ResidentialIncome Postal Code Plus 4: 5664 Property SubType: Duplex Direction Faces: Northwest Levels: Two Property Age: 49

Listing Price Information

Listing Price: $505000

Cash, Conventional, FHA, TexasVet, VaLoan

Tax Information

Parcel Number: 2503 Parker Tax Lot: 16 Tax Year: 2025 Tax Legal Desc: LOT 16 GLENWAY TERRACE 03080407080000

Virtual Tour

Virtual Tour (External Link)

Parking Information

AttachedCarport, Concrete, Covered, Lighted, OffStreet, Outside, SharedDriveway, SeeRemarks, SideBySide

Garage Information

Pets Allowed: CatsOk, DogsOk

School Information

Elementary School: Linder Junior High School: Lively Senior High School: Travis
Utility Information

CableAvailable, ElectricityAvailable, FiberOpticAvailable, PhoneAvailable, WaterAvailable
Location Information

Direction: Take 35 to East Oltorf Street. Head East on Oltorf Street, turn South onto Parker Lane, the property will be on your left hand side. WaterSource: Public

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Nearby Home Value

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901 Valdez Street #1-3, Austin, TX, 78741	$599,000	3	3	1,728	1,728 SqFt
913 Valdez Street #A B, Austin, TX, 78741	$834,000	5	6	2,602	2,602 SqFt
6107 Palm Circle, Austin, TX, 78741	$1,049,000	5	3	2,170	2,170 SqFt
6109 Caddie Street #A B, Austin, TX, 78741	$535,000	6	4	2,662	2,662 SqFt
1901 Crossing Place #3203, Austin, TX, 78741	$252,000	4	4	--
2105 Kirksey Drive, Austin, TX, 78741	$615,000	4	6	2,460	2,460 SqFt
1904 Valley Hill Circle, Austin, TX, 78741	$550,000	4	4	1,950	1,950 SqFt
1406 Summit Street, Austin, TX, 78741	$899,000	6	4	2,292	2,292 SqFt
2315 Burleson Road, Austin, TX, 78741	$499,000	4	2	1,830	1,830 SqFt
2800 Burleson Road, Austin, TX, 78741	$499,500	5	3	1,905	1,905 SqFt

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ByOwner last updated this listing 06/08/2026 @ 16:25

MLS: 5928885 LISTED BY: Amber Hart, Keller Williams - Lake Travis 512-263-9090 SOURCE: ACTRIS