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5501 Purple Sage Dr

Austin, TX 78724
  • $480,000
  • STATUS: Active
  • ID#: 6889885
Price Reduced
UPDATED: 63 min ago
$480,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,067
    SQFT
  • $232
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1974
County:
Area:

School Information

Elementary School:
Middle School:
School District:
Property listed by Michelle Harris of Spyglass Realty: (512) 915-4188.

Description

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. Seller was running at 90% occupancy when he was local. 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!

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© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-11-10T10:59:49.48.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2025-11-10T10:59:49.48 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
www.armstrongpropertiestx.com/homes/168769774
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5501 Purple Sage Dr Austin, TX 78724

  • Price: $480,000
  • Status: Active
  • On Site: Days
  • Updated: 63 min ago
  • ID#: 6889885
0
Beds
0
Baths
0
½ Baths
0.21
Acres
2,067
SQFT
$232
$/SQFT
1974
Built
Neighborhood:
Las Cimas Sec 01
County:
Travis
Area:
Austin
Elementary School:
Jordan
Middle School:
Dobie (Austin ISD)
High School:
Lyndon B Johnson (Austin ISD)
School District:
Austin ISD
Property Description
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. Seller was running at 90% occupancy when he was local. 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!
Exterior Features

Attached Garage YN Yes Covered Spaces 2 Direction Faces North Exterior Features None Fencing Back YardWood Foundation Details Slab Garage YN Yes Levels One Lot Features Back YardFew TreesFront YardInterior LotTrees-Moderate Other Structures None Parking Features AttachedConcreteDoor-MultiGarageGarage Faces Side Patio And Porch Features CoveredFront Porch Roof CompositionShingle View Neighborhood Waterfront Features None Waterfront YN No

Interior Features

Appliances DishwasherDisposalDryerExhaust FanMicrowaveFree-Standing Electric RangeRefrigeratorWasher/Dryer Cooling Ceiling Fan(s)Central Air Fireplace Features Family Room Fireplaces Total 2 Flooring CarpetTileVinyl Heating CentralFireplace(s) Interior Features None Laundry Location InsideMain Level Unit Room Type Primary BedroomBedroomPrimary BathroomBathroomKitchenLaundryLiving Room Window Features None

Property Features

Accessibility Features None Association YN No Community Features None Estimated Taxes 10161.62 Fema Flood Plain No Horse YN No Listing Terms CashConventionalFHA New Construction YN No Property Condition Resale Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Standard Utilities Cable AvailableElectricity ConnectedInternet-CableNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Source Public



© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-11-10T10:59:49.48.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2025-11-10T10:59:49.48 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
 
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Armstrong Properties
115 West Buck
Caldwell TX, 77836
Property listed by Michelle Harris of Spyglass Realty: (512) 915-4188.