Shaded Duplex with Covered
For Sale
$505,000
2503 Parker Lane #A & B, Austin, TX 78741
Two separately configured units offer fenced yards, private utility rooms, and covered outdoor space.
Property Size2,314 SF
Price / SF$218.24
Days on Market450
Property Features for 2503 Parker Lane #A & B
General Information
Standard status
Active
Size
2,314 SF
Total Parking Spaces
4
Property subtype
Duplex
Zoning
SF-3
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Public Transit
Yes
Amenities
utility room
covered back patio
fenced yard
Fireplace
Central
Electric
Central Air
See Remarks
Built-In Electric Oven
Dryer
Dishwasher
Electric Cooktop
Freezer
Disposal
Microwave
Oven
Refrigerator
Washer
Porch, Cable Available, Electricity Available, Fiber Optic Available, Phone Available, Water Available, Composition
Building Details
Year Built
1977
Buildings
1
Listing Agency:
Keller Williams Lake Travis
Listed By:
Amber Hart · License #0557949
(512) 415-9023
Source:
Kw
Added: Jul 16, 2025
Changed: Oct 7
Last Checked: Oct 7 at 10:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Lake Travis
Investment Insights
Based on property information with market context.
Built in 1977, this duplex at 2503 Parker Lane in Austin contains 2,314 total sq. ft. across two distinct residences. Unit A measures approximately 1,389 sq. ft. with 3 bedrooms, 2 baths, living and dining areas, and current short-term rental use. Unit B measures approximately 925 sq. ft. and includes 2 bedrooms, 2 baths, living and dining space, with an existing lease through January 2026. Each residence has a private utility room, covered back patio, fenced yard, and 2-car carport. Interior features include fireplaces, central air, electric appliances, washer and dryer connections, and built-in kitchen equipment.
The property is two blocks from East Oltorf Street and is served by UT shuttle and Metro routes. Lady Bird Lake and downtown Austin are approximately a 5-minute drive or 10-minute bike ride away. St. Edward’s University, SoCo, SOLA, Austin-Bergstrom International Airport, and central Austin amenities are also identified as nearby. The duplex is zoned SF-3.
The property is two blocks from East Oltorf Street and is served by UT shuttle and Metro routes. Lady Bird Lake and downtown Austin are approximately a 5-minute drive or 10-minute bike ride away. St. Edward’s University, SoCo, SOLA, Austin-Bergstrom International Airport, and central Austin amenities are also identified as nearby. The duplex is zoned SF-3.
Key Highlights
- 2,314 total sq. ft. duplex built in 1977
- Unit A: approximately 1,389 sq. ft., 3 bedrooms, and 2 baths
- Unit B: approximately 925 sq. ft., 2 bedrooms, and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,183
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,660
$683.7K
Cap Rate 7%
$488,329
$488.3K
Cap Rate 9%
$379,811
$379.8K
Market Conditions
NOI Build-Up for 2,314 SF
Gross rent
$51.4K $22.20/SF
− Vacancy
−$2.5K −$1.10/SF
EGI
$48.8K $21.10/SF
− OpEx
−$14.6K −$6.33/SF
NOI
$34.2K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,660
Cap Rate 7%
$488,329
Cap Rate 9%
$379,811
Alternative Uses
Best Use
Multifamily LT 5
$488.3K
$427.3K – $569.7K
NOI $34,183 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$448.8K
$392.7K – $523.6K
NOI $31,418 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$906.8K
$793.4K – $1.06M
NOI $63,475 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured units offer fenced yards, private utility rooms, and covered outdoor space.
Where is this duplex located?
The property is located at 2503 Parker Lane #A & B Austin, TX.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: 2,314 total sq. ft. duplex built in 1977; Unit A: approximately 1,389 sq. ft., 3 bedrooms, and 2 baths; Unit B: approximately 925 sq. ft., 2 bedrooms, and 2 baths
