603 Thelma Dr, Austin, TX 78745
Local realty services provided by:ERA Brokers Consolidated
Listed by: derek smith
Office: deal smith realty llc.
MLS#:5495234
Source:ACTRIS
603 Thelma Dr,Austin, TX 78745
$475,000
- - Beds
- - Baths
- 1,776 sq. ft.
- Multi-family
- Active
Price summary
- Price:$475,000
- Price per sq. ft.:$267.45
About this home
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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Home facts
- Year built:1980
- Subdivision & Development:Buckingham Estates Sec 3
- Listing ID #:5495234
- Updated:November 03, 2026 at 11:45 PM
Rooms and interior
- Flooring:Carpet, Vinyl
- Kitchen Description:Dishwasher, Oven, Refrigerator
- Living area:1,776 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1980
- Building area:1,776 sq. ft.
- Lot area:0.26 Acres
- Lot Features:Curbs, Level, Public Maintained Road
- Construction Materials:Brick Veneer, Frame, Masonry Partial
- Foundation Description:Slab
Schools
- High school:Crockett
- Elementary school:Pleasant Hill
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$475,000
- Price per sq. ft.:$267.45
- Tax amount:$9,303 (2026)
Features and amenities
- Appliances:Dishwasher, Dryer, Oven, Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:6
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