2503 Parker Lane A & B
- $505,000
- 2314 SQ. Feet, 0.25 Acres Residential Income Austin, TX 78741-5664
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.
Essential Information
- MLS® #5928885
- Price$505,000
- Bathrooms0.00
- Square Footage2,314
- Acres0.25
- Year Built1977
- TypeResidential Income
- Sub-TypeDuplex
- StatusActive
Community Information
- Address2503 Parker Lane A & B
- SubdivisionGlenway Terrace
- CityAustin
- CountyTravis
- StateTX
- Zip Code78741-5664
Amenities
- FeaturesCurbs, See Remarks
- ViewNeighborhood
- WaterfrontNone
Utilities
Phone Available, Cable Available, Electricity Available, Fiber Optic Available, Water Available
Parking
Outside, Attached Carport, Concrete, Covered, Lighted, Off Street, See Remarks, Shared Driveway, Side By Side
Interior
- InteriorWood, Tile, Vinyl
- HeatingCentral, Electric, See Remarks
- CoolingCentral Air
- FireplaceYes
- # of Fireplaces2
- FireplacesSee Remarks
- # of Stories2
- StoriesTwo
Appliances
Built-In Electric Oven, Dishwasher, Disposal, Dryer, Electric Cooktop, Freezer, Microwave, Oven, Refrigerator, Washer
Exterior
- WindowsSee Remarks
- RoofComposition
- ConstructionSee Remarks
- FoundationPillar/Post/Pier
Exterior Features
Exterior Steps, Lighting, See Remarks
Lot Description
Back Yard, Many Trees, Trees Large Size, City Lot, Front Yard, Gentle Sloping, Interior Lot, Landscaped, Level, Near Public Transit
School Information
- DistrictAustin ISD
- ElementaryLinder
- MiddleLively
- HighTravis
Property Listed by: Keller Williams - Lake Travis
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.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from August 17th, 2026 at 3:17pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.