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$2,900,000
Est. payment /mo
8,506 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,506 sqft
Price per Sqft $340
Subdivision Grooms Add
MLS Listing ID 8223903
Year Built 1965
Annual Tax Amount $51,351
Tax Year 2025
Lot Size 8,219 Sqft
Acres 0.1887
Property Sub-Type Apartment
Source actris
Property Description
Excellent value-add opportunity in the heart of Hyde Park, just two blocks north of the University of Texas. The Parker at Hyde Park features a two-story, garden-style building with 100% one-bedroom units (approx. 550 sq. ft.) situated over under-building parking. Interior highlights include vaulted ceilings with exposed wood beams, walk-in closets, gas ranges, and individual HVAC units.
With only a few units recently renovated, there is significant upside to increase rental rates and reduce operating expenses through further interior upgrades. The property is situated on a lot with favorable NO-NCCD-ETOD zoning, signaling future density potential and excellent proximity to high-frequency transit.
Residents enjoy walkability to "The Drag" on Guadalupe, major medical hubs (Ascension Seton, St. David's), and the historic Aldridge Place neighborhood. Amenities include an on-site laundry facility, community bike racks, and dual-street parking access via Speedway and Helms Street. A rare chance to acquire a well-positioned asset in one of Austin's most resilient submarkets.
With only a few units recently renovated, there is significant upside to increase rental rates and reduce operating expenses through further interior upgrades. The property is situated on a lot with favorable NO-NCCD-ETOD zoning, signaling future density potential and excellent proximity to high-frequency transit.
Residents enjoy walkability to "The Drag" on Guadalupe, major medical hubs (Ascension Seton, St. David's), and the historic Aldridge Place neighborhood. Amenities include an on-site laundry facility, community bike racks, and dual-street parking access via Speedway and Helms Street. A rare chance to acquire a well-positioned asset in one of Austin's most resilient submarkets.
Location
State TX
County Travis
Zoning NO-NCCD-ETOD-DBETOD-NP
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Vinyl
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected
View None
Total Parking Spaces 18
Private Pool No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type HardiPlank Type
New Construction No
Others
Special Listing Condition Standard
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Listed by Muskin Elam Group LLC
NEARBY SCHOOL & BUSINESS
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