512-343-2700
3107 Speedway, Austin, TX for Sale
Apartments - FOR SALE
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3107 Speedway
Austin, TX 78705
North University


HIGHLIGHTS

  • Excellent Value-Add Opportunity - Spacious Bath Area and Two Closets (possible location for W/D’s)
  • NO-NCCD-ETOD Zoning - ETOD (Equitable Transit-Oriented Development) often signals future density potential or proximity to high-freq transit corridors
  • Adjacent to “Historic” Aldridge Place Neighborhood Median Home Price: $1.002M (or $598 psf)
  • Walking Distance to Restaurants, Grocery Stores, Nightlife, and Employers; and Close Proximity Medical Hubs
  • 2 ± Blocks North of the University of Texas Main Campus (Students: 55K ± and Faculty/Staff: 26K ±)
  • Blocks to “The Drag”, the iconic strip of Guadalupe St., featuring Restaurants, Bars, and Eclectic Shopping

OVERVIEW

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).

FOR SALE DETAILS

PRICE

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# OF UNITS

16

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Parker at Hyde Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

NO-NCCD-NP

APN/PARCEL ID

210226

ASK ABOUT THIS PROPERTY

Daniel ElamMuskin | Elam GroupMore Info
512-343-2700

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Daniel ElamMuskin | Elam GroupMore Info
512-343-2700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.