5501 PURPLE SAGE DRIVE, AUSTIN, TX 78724
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Homes for sale in 78724.
5501 Purple Sage Drive
Austin, TX 78724
List Price$495,000
Listing #6889885
2,067
Square Feet
2
Number of Units
Multi-Unit Residential
Type
About This Property
Calling all investors and house hackers! This beautifully renovated duplex offers the perfect opportunity to generate income or reduce your living costs. Each side is fully furnished and thoughtfully updated -- featuring a 3 bed / 2 bath unit and a 2 bed / 2 bath unit, both currently operating as successful short-term rentals. The incoming owner could easily continue renting both sides or live in one and lease the other for steady monthly income. Enjoy modern finishes and recent upgrades throughout -- all the heavy lifting has been done for you. Both units have been well maintained and are ready for immediate occupancy or continued Airbnb use. This is a truly turnkey investment, offering flexibility whether you're a seasoned investor or a first-time buyer looking to start building equity the smart way. The property grossed $43,322 in 2024, with additional income potential through more efficient management or same-day turnovers. All furnishings can convey, making this a seamless transition for the next owner. Located in the established La Cima neighborhood, 5501 Purple Sage Drive sits directly across from LBJ High School's football and baseball fields, providing open views and privacy with no homes directly opposite. Nestled in a prime -- yet still affordable -- pocket east of University Hills, you'll love the quick access to Highway 183 and HWY 290, just 20 minutes from Downtown Austin, with convenient routes to the airport and all parts of the city. Plus, the neighborhood backs up to the Walnut Creek Greenbelt and Hike & Bike Trail, offering endless opportunities to enjoy the outdoors. Don't miss this chance to own a stylish, income-producing duplex in a rapidly appreciating area -- schedule your showing today!
Virtual Tour
Property Features
Location Information
County
Travis
Subdivision
Las Cimas Sec 01
County
Travis
Directions
From TX-71 E/US-290 E, use the left 2 lanes to merge onto S Hwy 183/183 Toll. Take the exit toward Manor Rd. Merge onto Ed Bluestein Blvd. Use the right lane to follow signs for US-290/Manor Rd. Right on Purple Sage.
Area
3E
Interior Features
Interior
None
Laundry
Inside, Main Level
Has Fireplace
Yes
Disabled Features
None
Number of Fireplaces
2
Appliances
Dryer, Dishwasher, Exhaust Fan, Free-Standing Electric Range, Disposal, Microwave, Refrigerator, Washer
Fireplace Description
Family Room
Total Number of Units
2
Heating
Central, Fireplace(s)
Accessibility
None
Floors
Carpet, Tile, Vinyl
Exterior Features
Style
Stone, Wood Siding
Parking Description
Attached, Concrete, Door-Multi, Garage, Garage Faces Side
Stories
1
Garage Spaces
2
Is New Construction
No
Fencing
Back Yard, Wood
Construction/Exterior
Stone, Wood Siding
Lot Size in Acres
0.215
Exterior
None
Waterfront Description
None
Foundation
Slab
Has Waterfront
No
Water / Sewer
Public Sewer
View
Neighborhood
Water
Public
Is One Story
Yes
School
Elementary School District
Austin ISD
Middle School
Dobie (Austin ISD)
Elementary School
Jordan
High School
Lyndon B Johnson (Austin ISD)
Additional Information
Roof/Attic
Composition, Shingle
APN
02212906030000
Other Utilities
Cable Available, Electricity Available, Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Available,
Status
Active
Property Type
RI
Pets
Yes
Property SubType
Duplex
Documents Available
Survey
Year Built
1974
Square Feet Source
Public Records
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Mortgage Calculator
$2,310
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,783
Monthly Tax
$412
Monthly Insurance
$115
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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