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$505,000

2503 Parker LN #A & B, Austin, TX 78741

Glenway Terrace

Sq Ft2,314
Acres0.25
Year Built1977

About This Property

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.

Property Details

Property TypeMulti-Family
MLS #5928885
Days on Market307
Lot Size0.25 acres
Listed7/15/2025
Last Updated7/15/2025

Location

County
Travis
School District
Austin ISD
MLS Area
9

Size

Lot Description
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
$/Acre
$2,046,191

Improvements

Fence
See Remarks, Back Yard, Chain Link, Privacy, Wood
Exterior Features
See Remarks, Exterior Steps, Lighting
Heating
See Remarks, Central, Electric
Cooling
Central Air
Appliances
Built-In Electric Oven, Dishwasher, Disposal, Electric Cooktop, Freezer, Microwave, Oven, Refrigerator, Washer/Dryer
Flooring
Tile, Vinyl, Wood
Fireplaces
See Remarks
Fireplace Count
2
Windows
See Remarks
Construction Materials
See Remarks
Foundation
Pillar/Post/Pier
Roof
Composition
Direction Faces
Northwest
Pool Features
None
Patio / Porch
See Remarks, Rear Porch
View
Neighborhood
Community Features
See Remarks
Parking Features
See Remarks, Attached Carport, Concrete, Covered, Lighted, Off Street, Outside, Shared Driveway, Side By Side

Location

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Listing provided by Amber Hart · Keller Williams - Lake Travis · (512) 415-9023

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

$505,000