2503 Parker Ln # A & B
Austin, TX, 78741 $ 505,000
Baths0.0 Sq 2,314 Monthly Estimate*
$ 3,109
Studio for $505,000. This 2,314 square foot home was built in 1977 on a lot size of 0.2468.
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.
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FeaturesGeneralLiving Area 2314
Sewer Public Sewer
Heating See Remarks Central Electric
Cooling Central Air
Utilities Cable Available Electricity Available High Speed Internet Phone Available Water Available
Roof Composition
Appliances Built-In Electric Oven Dishwasher Disposal Electric Cooktop Freezer Microwave Oven Refrigerator Washer/Dryer
Garage Spaces 0
Patio/Porch Features See Remarks Rear Porch
Pool Features None
Construction Materials See Remarks
Pets Allowed Cats OK Dogs OK
Year Built 1977
View Neighborhood
Levels Two
Unit Number A & B
Property Subtype Duplex
Tax Year 2025
Waterfront Features None
Community Features See Remarks
Accessibility None
County Travis
New Construction N
Property Type Residential Income
HOA N
Energy Efficient None
Subdivision Name Glenway Terrace
Facing Direction Northwest
Green Sustainability None
Other Structures None
Status Active
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.
High School Travis
City Austin
Disclosures See Remarks Seller Disclosure Seller Provided Survey Available
MLS Area 9
Lot Size Square Feet 10750.61
Elementary School Linder
Middle/Junior High School Lively
Property Condition Resale
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 599334
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InteriorInterior Amenities See Remarks Ceiling Fan(s) Chandelier Laminate Counters
Flooring Tile Vinyl Wood
Total Fireplaces 2
Fireplace Features See Remarks
Window Features See Remarks
Total Bedrooms 0
Total Baths 0
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ExteriorExterior Amenities See Remarks Exterior Steps Lighting
Fencing See Remarks Back Yard Chain Link Privacy Wood
Parking Features See Remarks Attached Carport Concrete Covered Lighted Off Street Outside Shared Driveway Side By Side
Lot Features 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
Water Source Public
Total Parking 8
Foundation Details Pillar/Post/Pier
Lot Dimensions 77 x 151
Lot Size Acres 0.2468
Waterfront Y/N N
Covered Spaces 0
Other Equipment None
Horse Y/N N
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* Excluded FeaturesList ByKeller Williams - Lake TravisBroker
amberhartrealestate@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,109
- Monthly Property Taxes
- $990
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Austin, TX
Average List Price $804,995
Percent of Sale Price 59%
About Austin, TX 937,069 Population
36% Since 2002
$ 66,040 Median Income
34.22 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4360862 Elementary School
4360250 Middle School
Travis High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2025 | $505,000 | | Listed Price |