1509 Parkway, Austin, TX 78703

Historic neighborhood (Old Enfield) Duplex almost all original. This property has long-term tenants in place and will require an appointment. Seconds away from downtown, the capitol and House Park! This could be a great income generator.

Location is the defining advantage here. 1509 Parkway sits in Clarksville, identified in the remarks as Old Enfield, with a position seconds from downtown, the Capitol, and House Park that is difficult to replicate in central Austin. For buyers who understand how value holds in close-in neighborhoods, that proximity matters as much as the structure itself. The property also falls within Austin ISD, with Mathews Elementary, O Henry Middle, and Austin High in the stated school path, which adds another layer of long-term location relevance.

The asset is a residential income duplex offered at $1.20M, or $532 per square foot, with 2,256 square feet on a 0.1857-acre lot in Travis County. Built in 1965, it is described as almost all original, which sets expectations clearly. This is not positioned as a turn-key cosmetic story. It is a legacy duplex in a tightly held historic area, with existing long-term tenants already in place and access that requires coordination by appointment. For an investor or buyer weighing income property in a central neighborhood, that combination points to stable occupancy history while also signaling the need for a disciplined plan around future improvements, hold strategy, or repositioning.

Days on market at 1119 will stand out to any serious buyer, but that figure needs context. Properties like this do not trade on broad appeal alone. They trade when the buyer sees the specific angle: central land, duplex utility, established tenancy, and a location tied directly to Austin’s urban core rather than dependent on future growth narratives. In that sense, the value proposition is straightforward. You are buying a 1965 duplex on a measurable lot in one of central Austin’s most established residential settings, close to the city institutions and park access named in the record.

For the right owner, 1509 Parkway is less about polish and more about positioning. The long-term case rests on scarcity, land use flexibility within its existing duplex framework, and the staying power of an Old Enfield address near downtown, the Capitol, and House Park.

Clarksville is Austin's most walkable luxury neighborhood — a historic freedman's town founded in 1871, now in 78703, five minutes on foot from downtown. Median home price $2.2M. Austin ISD schools (Casis Elementary, O. Henry Middle, Austin High). One of the only Austin neighborhoods where you can walk to fine dining, trails, and downtown without getting in a car.

The housing stock reflects 150 years of history. Original shotgun cottages and bungalows from the early 1900s sit alongside contemporary new builds and sensitive renovations on lots ranging from 0.1 to 0.25 acres. The neighborhood's historic designation (National Register) means you'll see period architecture preserved next to modern infill. Teardown lots trade at $800K-$1.5M for land alone.

West Lynn Street is the commercial spine — Medici coffee, Cipollina wood-fired pizza, Jeffrey's fine dining, Josephine House, and Bar Peached are all within a few blocks. Pease Park and Shoal Creek Trail border the east side. The Whole Foods flagship at 6th and Lamar is a 10-minute walk.

What makes Clarksville distinct: the combination of walkable daily life, historic character, and proximity to downtown that no other Austin neighborhood matches. The tradeoff is small lots, limited parking, and premium pricing for the location. Buyers here are paying for a lifestyle that doesn't require a car.