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.
| MLS # | 8223903 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 171 |
| Listing Provided By | Muskin Elam Group LLC | Sally Burns |
| SQ Feet | 8,506 |
|---|---|
| Building(s) | 1 |
| Zoning | NO-NCCD-ETOD-DBETOD-NP |
| Acreage | 0.19 |
| Property View | None |
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Central |
| Flooring | Vinyl |
| Foundation Details | Slab |
|---|---|
| Topography | flat |
| Construction Materials | Hardi Plank Type |
| Security Features | Smoke Detector(s) |
| Parking Features | Common, Covered, Off Street |
|---|
| Utilities | Electricity Connected, Sewer Connected |
|---|---|
| Sewer | Public Sewer |
| List Aor | Austin Board Of Realtors |
|---|
| Property | 51351 |
|---|
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78705 |
| Area | UT |
| Community Name | Grooms Add |
| Listing VS Median (in Grooms Add) | |
Price: $2,900,000 low | high Med: $1,300 sqft: 8,506 low | high Med: 576 $ / sqft: $341 low | high Med: $2 On site: 171 low | high Med: 68 | |
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78705 |
| Area | UT |
| Community Name | Grooms Add |
| Listing VS Median (in Grooms Add) | |
Price: $2,900,000 low | high Med: $1,300 sqft: 8,506 low | high Med: 576 $ / sqft: $341 low | high Med: $2 On site: 171 low | high Med: 68 | |