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The Parker at Hyde Park 3107 Speedway 16 Unit Apartment Building For Sale Austin, TX 78705
Investment Highlights
- Excellent Value-Add Opportunity - Spacious Bath Area and Two Closets (possible location for W/D’s)
- Adjacent to “Historic” Aldridge Place Neighborhood Median Home Price: $1.002M (or $598 psf)
- 2 ± Blocks North of the University of Texas Main Campus (Students: 55K ± and Faculty/Staff: 26K ±)
- NO-NCCD-ETOD Zoning - ETOD (Equitable Transit-Oriented Development) often signals future density potential or proximity to high-freq transit corridors
- Walking Distance to Restaurants, Grocery Stores, Nightlife, and Employers; and Close Proximity Medical Hubs
- Blocks to “The Drag”, the iconic strip of Guadalupe St., featuring Restaurants, Bars, and Eclectic Shopping
Executive Summary
The Parker at Hyde Park (3107 Speedway) is a 16-unit multifamily investment opportunity in the North Univer-sity area, the “sweet spot” of Austin real estate, which catches massive demand from the University of Texas while maintaining the charm and higher property values of the Hyde Park and Aldridge Place neighborhoods.
Being just 0.2 miles from the UT Austin campus (with over 55,000 students and 26,000 faculty/staff) provides a built-in, perennial tenant base. Additionally, the proximity to the State Capitol and Medical District (Dell Seton, St. David’s) attracts a more stable, professional demographic beyond just students. The property also scores high on lifestyle metrics:
- “The Drag” (Guadalupe St): Iconic Austin retail and dining are just 0.3 miles away.
- The Triangle: A major mixed-use hub for grocery shopping (HEB/Central Market) and high-end dining is just to the north.
- Historic Context: Being adjacent to Aldridge Place, where average home prices exceed $1M, provides significant upward pressure on rental rates and long-term land value.
The Parker at Hyde Park consists of one large, garden-style building, with two stories of MF units over underbuilding parking. The mix is all one-bedrooms with spacious living areas (550± sq. ft. floorplans). Each plan features large open living rooms, walk-in closets, faux-wood vinyl flooring, vaulted ceilings with wooden beams*, kitchen gooseneck faucets*, built-in shelves in bedrooms, ceramic tile surrounding cast iron bathtubs, gas stove and ranges, and mini-blinds. Interior features include individual HVACs, ceiling fans and large bedrooms. Owners have renovated a couple units, so this is a great value-add property with an opportunity to increase rental rates, and reduce operating expenses. Tenants have access to one laundry facility on-site (2W/2D), community bike racks, multiple entrance/exit points, and parking access in both front and back of the buildings (via Speedway or Helms Street).
Being just 0.2 miles from the UT Austin campus (with over 55,000 students and 26,000 faculty/staff) provides a built-in, perennial tenant base. Additionally, the proximity to the State Capitol and Medical District (Dell Seton, St. David’s) attracts a more stable, professional demographic beyond just students. The property also scores high on lifestyle metrics:
- “The Drag” (Guadalupe St): Iconic Austin retail and dining are just 0.3 miles away.
- The Triangle: A major mixed-use hub for grocery shopping (HEB/Central Market) and high-end dining is just to the north.
- Historic Context: Being adjacent to Aldridge Place, where average home prices exceed $1M, provides significant upward pressure on rental rates and long-term land value.
The Parker at Hyde Park consists of one large, garden-style building, with two stories of MF units over underbuilding parking. The mix is all one-bedrooms with spacious living areas (550± sq. ft. floorplans). Each plan features large open living rooms, walk-in closets, faux-wood vinyl flooring, vaulted ceilings with wooden beams*, kitchen gooseneck faucets*, built-in shelves in bedrooms, ceramic tile surrounding cast iron bathtubs, gas stove and ranges, and mini-blinds. Interior features include individual HVACs, ceiling fans and large bedrooms. Owners have renovated a couple units, so this is a great value-add property with an opportunity to increase rental rates, and reduce operating expenses. Tenants have access to one laundry facility on-site (2W/2D), community bike racks, multiple entrance/exit points, and parking access in both front and back of the buildings (via Speedway or Helms Street).
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 16 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 13,368 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Zoning | NO-NCCD-NP | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 13,368 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | NO-NCCD-NP |
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Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 210226 | Improvements Assessment | $1,687,270 |
| Land Assessment | $822,000 | Total Assessment | $2,509,270 |
Property Taxes
Parcel Number
210226
Land Assessment
$822,000
Improvements Assessment
$1,687,270
Total Assessment
$2,509,270
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The Parker at Hyde Park | 3107 Speedway
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