3107 Speedway Austin, TX 78705
Property Features for 3107 Speedway
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.19 Acres
Building Details
- Year built
- 1965
Source:
Elliman
Listing Agent: Sally Burns
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Hyde Park Multifamily Opportunity
Located in the heart of Hyde Park, just two blocks north of the University of Texas, this two-story, garden-style building offers an excellent value-add opportunity. Known as The Parker at Hyde Park, the property features units that are approximately 550 sq. ft. each, situated over under-building parking. Interior features include vaulted ceilings with exposed wood beams, walk-in closets, gas ranges, and individual HVAC units. With only a few units recently renovated, there is significant upside to increase rental rates and reduce operating expenses through further interior upgrades. The property is situated on a lot with favorable NO-NCCD-ETOD zoning, signaling future density potential and excellent proximity to high-frequency transit. Residents enjoy walkability to "The Drag" on Guadalupe, major medical hubs (Ascension Seton, St. David’s), and the historic Aldridge Place neighborhood. Amenities include an on-site laundry facility, community bike racks, and dual-street parking access via Speedway and Helms Street. The building has hardi plank type construction and a slab foundation. Flooring consists of vinyl. Cooling is provided by ceiling fans and central air. Parking features include covered parking, off-street parking, and common parking. The lot is flat. The property has a walk score of 93, a transit score of 62, and a bike score of 97.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Hays
- State
- Texas
- Longitude
- -97.7363433
- Latitude
- 30.295633
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two-story, 100% one-bedroom units near University of Texas.
Where is this apartment building located?
The property is located at 3107 Speedway Austin, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: - Prime location in Hyde Park, just two blocks from the University of Texas.; - Significant value-add opportunity through interior renovations to increase rental rates.; - Favorable NO-NCCD-ETOD zoning allows for future density potential.
