1915 Margalene WAYAustin, TX 78728

New roof soon* Updated Duplex in Prime North Austin – 1915 Margalene Way, Austin, TX 78728
Do not miss this turnkey investment opportunity in the highly desirable Wells Branch community. This updated 3 bed, 2 bath duplex offers both immediate rental income and long-term appreciation potential in one of Austin’s most in-demand areas.
One side is leased at $1,750, which is below market value, to a long-term tenant whose lease expires in February. The other side is leased for $1,450 on a month-to-month basis. This is the perfect setup for an owner-occupant or investor who wants to take advantage of lower interest rates and house-hack a duplex.
Inside, you will find a bright, open floor plan with a cozy fireplace, a breakfast area, and a mother-in-law layout that provides privacy for roommates or tenants. Recent updates include granite countertops, stainless steel appliances, new fixtures, fresh interior paint, and durable hard tile and Pergo-style flooring, with carpet only in the bedrooms. The kitchen refrigerator and stackable washer/dryer convey, making this an easy property to lease.
Enjoy a private fenced yard with a deck, a one-car garage, and low-maintenance finishes throughout. The property shows beautifully and is ready for tenants or a new owner.
Located just minutes from Mopac, I-35, and toll roads, with easy access to major employers such as Apple, Dell, and IBM. The Domain, H-E-B, Whole Foods, parks, and trails are nearby. Wells Branch also features outstanding community amenities including a pool, trails, sports courts, and a community center.
Whether you are seeking cash flow, a house-hack opportunity, or a low-vacancy rental in a thriving area, this duplex is a must-see.