For sale by owner

$500,000

603 Thelma Dr, Austin, TX 78745

5beds

2,326sqft

$3,683/mo

Get pre-qualified

MultiFamily

Built in 1980

-- sqft lot

$-- Zestimate^®

$215/sqft

$-- HOA

What's special

Larger rear unitOversized lotUpdated interiorsLaundry areasOff-street parkingSeparate entrances

Updated South Austin duplex on an oversized lot in 78745. Both units are currently rented and feature updated interiors, separate entrances, fireplaces, laundry areas, and off-street parking. Unit B – 3BR / 2BA: Larger rear unit, currently month-to-month. Can potentially be delivered vacant at closing or lease extended, making it a strong owner-occupant option. Unit A – 2BR / 2BA: Leased through the end of the year, with the tenant willing to extend through the following year. The large SF-3-zoned lot may also provide an opportunity to add an additional unit in the backyard, subject to City requirements and approvals. Longer term, the lot offers potential for a future redevelopment strategy while collecting rental income in the meantime. Great option for an investor, house-hacker, or buyer looking for income today with additional upside over time.

16 days
480
36

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 4

Heating

Other

Cooling

Central

Appliances

Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer

Features

Flooring: Linoleum / Vinyl
Basement: None
Has fireplace: Yes

Interior area

Total interior livable area: 2,326 sqft

Property

Parking

Parking features: Off-street

Features

Exterior features: Brick, Cement / Concrete

Lot

Size: 0.26 Acres

Details

Parcel number: 334507

Construction

Type & style

Home type: MultiFamily

Materials

wood frame
Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 1980

Community & HOA

Location

Region: Austin

Financial & listing details

Price per square foot: $215/sqft
Tax assessed value: $535,162
Annual tax amount: $10,952
Date on market: 10/3/2026

Estimated market value

Not available

Estimated sales range

Not available

$3,456/mo

Price history

Date	Event	Price
10/3/2026	Listed for sale	$500,000+191.5%$215/sqft
Source: Owner Report a problem
11/16/2009	Sold	--
Source: Agent Provided Report a problem
9/6/2009	Listed for sale	$171,500$74/sqft
Source: Howe #2845771 Report a problem
12/14/2004	Sold	--
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,952 +7.3%	$535,162 +3.9%
2024	$10,206 -7.9%	$515,000 -15.9%
2023	$11,085 -4.8%	$612,713 +3.9%
2022	$11,644	$589,573 +41.1%
2021	--	$417,818 +9.3%
2020	$8,515 +3.8%	$382,403
2019	$8,202 +20.8%	$382,403 +19.9%
2018	$6,791	$318,929 +4%
2017	$6,791 +71.9%	$306,712 +31.4%
2016	$3,951	$233,505 +18.9%
2015	$3,951	$196,414 +18.3%
2014	$3,951	$166,005 -1.1%
2013	--	$167,786 -7.4%
2012	--	$181,171
2011	--	$181,171 +9.2%
2010	--	$165,955
2009	--	$165,955 +1.4%
2008	--	$163,589 -5.9%
2007	--	$173,843 +14%
2006	--	$152,520 +15.5%
2005	--	$132,000