413 Thelma Dr Austin, TX $ 389,000
413 Thelma Dr
$ 389,000
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413 Thelma Dr

Austin, TX, 78745
$ 389,000
Baths0.0 Sq 1,900

Monthly Estimate*

$ 2,395

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View a Virtual Tour
Studio

Multi-Family Home for sale in Austin, TX

for $389,000. This 1,900 square foot home was built in 1981 on a lot size of 0.259.

Turnkey South Austin income-producing duplex with a proven rental track record! Each side-by-side unit features 2 bedrooms, 2 full baths, a spacious living area with a fireplace, and modern finishes like luxury vinyl plank flooring. Situated on a large 0.259-acre lot, the property boasts a spacious backyard, a highly sought-after amenity for tenants. With units currently rented out for $3,000/month total (both combined), this property offers strong cash flow potential. Its prime location offers tenants unbeatable convenience, with Southpark Meadows, Westgate Shopping Center (Central Market), HEB and Sunset Valley just minutes away. Plus, it provides a straightforward commute to downtown and quick access to major highways like I-35, Mopac, and Hwy 290/71. The adjacent duplex at 411 Thelma is also for sale, and both properties can be purchased together for $749,000. This provides a unique opportunity to acquire four rental units side-by-side for simplified management and greater long-term value. Don't miss this rare investment opportunity!

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Multi-Family Active

Price

$ 389,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,204

Style

Duplex

Lot Size

0.259

Year Built

1981

Town/City

Austin

County/Region

Travis

MLS | Web ID

2374311

Features
General
Living Area 1900
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Roof Shingle
Appliances Dishwasher Free-Standing Range Refrigerator
Garage Spaces 0
Patio/Porch Features Patio
Pool Features None
Construction Materials Masonry – Partial
Pets Allowed Dogs OK
Year Built 1981
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 Buckingham Estates Sec 03
Facing Direction Northeast
Green Sustainability None
Other Structures None
Status Active
Directions West on William Cannon from I-35. Left on Bill Hughes Right on Thelma
High School Crockett
City Austin
Disclosures None
MLS Area 10S
Lot Size Square Feet 11282.04
Elementary School Pleasant Hill
Middle/Junior High School Covington
Property Condition Resale
Virtual Tour https://413thelmadrivea.mls.tours/u/ https://413thelmadrivea.mls.tours
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 449749
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Interior
Interior Amenities Ceiling Fan(s) Primary Bedroom on Main Recessed Lighting
Flooring Carpet Vinyl
Total Fireplaces 2
Fireplace Features Family Room
Window Features See Remarks
Total Bedrooms 0
Total Baths 0
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Exterior
Exterior Amenities Private Yard
Fencing Privacy Wood
Parking Features Carport
Lot Features None
Water Source Public
Total Parking 1
Foundation Details Slab
Lot Size Acres 0.259
Waterfront Y/N N
Covered Spaces 0
Other Equipment None
Horse Y/N N
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Internal Only
Street Number 1 413
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* Excluded Features
List By
Wendy Papasan

Listing Agent

Keller Williams Realty

Broker

listings@papasanproperties.com

Email

Affordability Calculator

$3,162
Per Month
76%
24%
0%
Monthly Principal & Interest
$2,395
Monthly Property Taxes
$767
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.
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Nearby
4360182 Elementary School
4360181 Middle School
Crockett High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$389,000 Listed Price

Map


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413 Thelma Dr, Austin, TX, 78745 is a Multi-Family Home for sale at $389,000 with 1,900 sqft and a lot size of 0.259. 413 Thelma Dr is a studio with 0.0 baths and was built in 1981. The property's zip code is 78745 which is in Austin, TX