For Sale Multi-Family MLS# ACT5928885

2503 Parker Ln #A & B

Austin, TX 78741

$505,000

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About 2503 Parker Ln #A & B

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.

Property details

Property

Type
Duplex
MLS type
Residential Income
Status
Active
Year built
1977
Stories
Two
Living area
2,314 sqft
Price / sqft
$218
Lot
0.2468 AC / 10,750 SF
Original price
$505,000
MLS #
5928885

Interior

Features
Ceiling Fan(s), Chandelier, Laminate Counters
Appliances
Built-In Electric Oven, Dishwasher, Disposal, Electric Cooktop, Freezer, Microwave, Oven, Refrigerator, Washer/Dryer
Flooring
Tile, Vinyl, Wood
Heating
Central, Electric
Cooling
Central Air
Fireplaces
2
Laundry
Laundry Room

Exterior & lot

Features
Exterior Steps, Lighting
Roof
Composition
Foundation
Pillar/Post/Pier
Lot
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
Patio & porch
Rear Porch
Fence
Back Yard, Chain Link, Privacy, Wood
View
Neighborhood
Parking
Attached Carport, Concrete, Covered, Lighted, Off Street, Outside, Shared Driveway, Side By Side

Schools

District
Austin ISD
Elementary
Linder
Middle
Lively
High
Travis

Utilities

Utilities
Cable Available, Electricity Available, High Speed Internet, Phone Available, Water Available
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$11,878
Tax year
2025
Parcel
2503 Parker
Legal
LOT 16 GLENWAY TERRACE 03080407080000
Special conditions
Standard

Location

Subdivision
Glenway Terrace
County
Travis
Directions
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.

Location

Neighborhood
Glenway Terrace

Ask about this property

Questions on 2503 Parker Ln #A & B, or want to see it in person?

Listed by Amber Hart, Keller Williams - Lake Travis

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.