1915 Margalene Way
Austin, TX, 78728 $ 450,000
Baths0.0 Sq 1,936 Monthly Estimate*
$ 2,771
Studio for $450,000. This 1,936 square foot home was built in 1984 on a lot size of 0.1917.
New Roof. Updated Duplex in Prime North Austin 1915 Margalene Way, Austin, TX 78728 Do not miss this turnkey duplex in the highly desirable Wells Branch community. This well maintained 3 bedroom, 2 bathroom property offers immediate rental income and strong long term appreciation potential in one of North Austin’s most in demand locations. Unit B has been updated and is move in ready for an owner occupant. Unit A is currently leased at $1,450 per month on a month to month basis, offering flexibility for future plans. This setup is ideal for house hacking or for investors looking to offset their mortgage with rental income. The interior features a bright open floor plan with a cozy fireplace, breakfast area, and a mother in law layout that provides privacy for roommates or tenants. Recent updates include granite countertops, stainless steel appliances, new fixtures, fresh interior paint, and durable hard tile and Pergo style flooring, with carpet only in the bedrooms. The kitchen refrigerator and stackable washer and dryer convey, making this an easy property to occupy or lease. There is no HOA, though some deed restrictions apply through Wells Branch MUD. The property includes a private fenced backyard with a deck, a one car garage, and low maintenance finishes throughout. A new roof adds peace of mind. The home shows beautifully and is ready for tenants or a new owner. The location offers quick access to Mopac, I 35, and toll roads, with major employers such as Apple, Dell, and IBM nearby. The Domain, HEB, Whole Foods, parks, and trails are just minutes away. Wells Branch also offers community amenities including a pool, trails, sports courts, and a community center. Whether you are seeking cash flow, a house hack opportunity, or a low vacancy rental in a thriving area, this duplex is a must see.
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FeaturesGeneralLiving Area 1936
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Available High Speed Internet Natural Gas Available Phone Available Sewer Available Water Available
Roof Composition
Appliances Dishwasher Microwave Free-Standing Gas Oven
Garage Spaces 2
Patio/Porch Features Deck
Construction Materials Brick Veneer
Pets Allowed Cats OK Dogs OK
Year Built 1984
View None
Levels One
Property Subtype Duplex
Tax Year 2025
Waterfront Features None
Community Features None
Accessibility None
County Travis
New Construction N
Property Type Residential Income
HOA N
Energy Efficient None
Subdivision Name Wells Branch Ph C Sec 03
Facing Direction Northeast
Green Sustainability None
Other Structures None
Status Active
Directions From MOPAC exit Wells Branch and head East on Wells Branch. Take a Left on Surrender Avenue and then a right on Margalene Way. Duplex will be down on the right. From I-35 exit Wells Branch and head
High School John B Connally
City Austin
Disclosures None
MLS Area N
Lot Size Square Feet 8350.45
Elementary School Northwest
Tax Annual Amount 8587.12
Middle/Junior High School Westview
Property Condition Resale
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 450000
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InteriorInterior Amenities None
Flooring Carpet Tile Vinyl
Total Fireplaces 2
Fireplace Features Family Room
Window Features None
Total Bedrooms 0
Total Baths 0
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ExteriorExterior Amenities None
Fencing Back Yard Fenced
Parking Features Additional Parking Off Street
Lot Features Curbs Front Yard
Water Source Public
Total Parking 2
Foundation Details Slab
Lot Size Acres 0.1917
Waterfront Y/N N
Covered Spaces 2
Other Equipment None
Horse Y/N N
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* Excluded FeaturesList ByMichelle AdamsListing Agent
michelle@airpropertygroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,771
- Monthly Property Taxes
- $716
- 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 $818,105
Percent of Sale Price 82%
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.
4360520 Elementary School
4360169 Middle School
John B Connally High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/23/2025 | $450,000 | | Listed Price |