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    1915 Margalene Way Austin, TX 78728

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    For Sale
    $450,000

    Turnkey investment opportunity in the desirable Wells Branch community.

    Property size:
    1,936 SF
    Lot size:
    0.19 Acres

    Property Features for 1915 Margalene Way

    General Information

    Size
    1,936 SF
    Lot size
    0.19 Acres

    Building Details

    Year built
    1984

    Source: Keller Williams Realty Agent Michelle Adams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Duplex in North Austin

    This updated duplex, located in North Austin's Wells Branch community, presents a turnkey investment opportunity. The property features two units, each with 3 bedrooms and 2 bathrooms. One unit is currently leased at $1,750 per month, below market value, with the lease expiring in February. The other unit is leased month-to-month for $1,350. The duplex offers a bright, open floor plan with a fireplace and a breakfast area. The layout provides privacy for roommates or tenants. Recent updates include granite countertops, stainless steel appliances, new fixtures, fresh interior paint, and hard tile and Pergo-style flooring, with carpet only in the bedrooms. The kitchen refrigerator and stackable washer/dryer are included. Each unit includes a private fenced yard with a deck and a one-car garage. The property is located minutes from Mopac, I-35, and toll roads, providing easy access to major employers such as Apple, Dell, and IBM. Nearby amenities include The Domain, H-E-B, Whole Foods, parks, and trails. Wells Branch offers community amenities such as a pool, trails, sports courts, and a community center. The property is suitable for generating cash flow or as a low-vacancy rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.6806551
    Latitude
    30.4353158

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    FAQs

    What type of property is this?
    Duplex - Turnkey investment opportunity in the desirable Wells Branch community.
    Where is this duplex located?
    The property is located at 1915 Margalene Way Austin, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Updated 3 bed, 2 bath duplex in the highly desirable Wells Branch community, offering immediate rental income and long-term appreciation potential.; - Turnkey investment opportunity with one side leased at $1,750 (below market) and the other at $1,350 (month-to-month), ideal for owner-occupancy or investment.; - Recent updates include GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, new fixtures, fresh paint, hard tile/Pergo flooring, and carpet only in bedrooms.
    (512) 574-2969
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    1915 Margalene Way Austin, TX 78728
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    Austin, TX 78728
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1915 Margalene Way Austin, TX 78728
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