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$475,000

603 Thelma Dr, Austin, TX, 78745

On MarketInfo
Just AddedInfo
Beds— Beds
Baths4 Bath
Baths2,326 Sq Ft
DuplexDuplex
price_per_sqft$204.21 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDryer, Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliances, Washer
FlooringTile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size11,269 sqft

Building Information

Year Built1980
Stories1
Roof Type105

Land Information

APN04201308070000
Lot Number4
SubdivisionBuckingham Estates Sec 3
Land UseResidential
Legal DescriptionLOT 4 BUCKINGHAM ESTATES SEC 3
Census Tract002422
Assessed Land Value$211,813
Assessed Improvement Value$242,793
Assessment Year2026

About this property

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.

Investor Tools

$386,973Estimated Mortgage Balance
$460,027Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,082 /month
Positive
Cash Flow Estimate:
$1,694 /month

Interested in this property?

Derek Smith

Deal Smith Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,952
$454,606
2026
$211,813
$242,793
$454,606
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,952
$454,606

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$409,500
No
First
Oct 10, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$386,973
$460,027
54%
46%
$2,456/mo

City: Austin

603 Thelma Dr | Property Details | No Agent List