The Parker at Hyde Park 3107 Speedway 16 Unité Immeuble d’appartements À vendre Austin, TX 78705

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).