3107 SpeedwayAustin, TX 78705

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.

Property Information

Property type

Commercial Sale

Sub-type

Apartment

Year built

1965

Building area

8,506 Sq Ft

Lot size

0.19 acres

Parking spaces

18

Zoning

NO-NCCD-ETOD-DBETOD-NP

Days on market

209

MLS^® Listing#

8223903

Property Features

Cooling

Ceiling Fan(s) · Central Air

Heating

Central

Flooring

Vinyl

Parking

Common · Covered · Off Street

Lot features

Level

Construction

HardiPlank Type

Foundation

Slab

Security

Smoke Detector(s)

Other structures

None

Utilities

Electricity Connected · Sewer Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$51,352Tax year 2025

Assessed value

$2,509,270

Parcel number

02160407040000

Directions

Heading North along Lamar turn R onto 30th St and then L onto Speedway