The Parker at Hyde Park
North U.T. | ATX Multifamily | 16 Units
Marketing description
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.
Investment highlights
Excellent Value-Add Opportunity - Spacious Bath Area and Two Closets (possible location for W/D’s)
Favorable NO-NCCD-ETOD Zoning - ETOD (Equitable Transit-Oriented Development) often signals future density potential or proximity to high-frequency 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 including Ascension Seton, St. David’s Medical Center, Dell Seton at U.T., and Related Medical Offices
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
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