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603 Thelma Dr, Austin, TX 78745

$475,000
: 2,326
SqFt

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List Price: $475,000
Status: ACTIVE
MLS#: 5495234
Days on Market: 1
Living Area: 2,326
Lot Size: 11,268
Area: Austin - South

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Property Description

An updated single-story South Austin duplex on a 0.26-acre SF-3 lot, a few blocks from the South 1st Street and William Cannon Drive corridor. The building has 2,326 square feet across two units, each with its own entrance, its own fireplace, its own laundry area and off-street parking. Built in 1980 and renovated since, both sides carry luxury vinyl plank flooring, white shaker cabinetry with stainless appliances, and tiled showers. The building sits on a slab foundation under a composition shingle roof, with central heat and air. Unit B is the larger rear unit with three bedrooms and two full baths. It is currently month-to-month, so it can be delivered vacant at closing or kept in place. Unit A has two bedrooms and two full baths and is leased through the end of the year, with a tenant who is open to extending. That combination works for an investor who wants income on day one, or for an owner-occupant who moves into the three-bedroom side and lets the two-bedroom side help carry the payment. The lot is the long-term story. At just over a quarter acre with SF-3 zoning, the backyard may have room for an additional unit, subject to City of Austin requirements and approvals. In the meantime the property keeps producing rent. The location keeps daily life close. South 1st has shopping and restaurants close by, and William Cannon Drive connects east to I-35 and west to MoPac. Dittmar Neighborhood Park and the neighborhood greenbelt are a short trip away, and Pleasant Hill Elementary is under a mile from the front door. Bedichek Middle School sits about a tenth of a mile away. Duplexes with this level of updating, on a lot this size, do not come up often in 78745. It is priced to move in the current market and is a strong fit for a first investment property, a portfolio addition, or a house-hack with upside.

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Additional Information

Taxes: $9,303
Tax Year: 2026
Year Built: 1980
Parking Spaces: 6
Exterior Features: Private Yard
Interior Features: Built-in Features, Ceiling Fan(s), Open Floorplan, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Wired for Data
Roof: Composition, Shingle
Appliances: Dishwasher, Dryer, Gas Cooktop, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer
Construction: Brick Veneer, Masonry Partial, Frame
Num Fireplaces: 2
Region: Austin - South
View: City
School District: Austin ISD
Elementary School: Pleasant Hill
High School: Crockett
Middle School: Bedichek
Sewer: Public Sewer
Stories: 1
Street Name: Thelma Dr
Street Number: 603
Neighborhood: Buckingham Estates Sec 3
Water: Public
Acres: 0.26
County: Travis
Floor: Tile, Vinyl
Heating: Central
Lot Description: Curbs, Level, Public Maintained Road, Trees-Medium (20 Ft - 40 Ft)