5501 Purple Sage DR
Austin, TX, 78724
$495,000
Beds
0 Baths
2,067 SqFt
0.21 Acres
Add
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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!

Property Details

Price:
$495,000
MLS #:
6889885
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
Las Cimas Sec 01
Listed Date:
Oct 10, 2025
Finished Sq Ft:
2,067
Lot Size:
9,352 sqft / 0.21 acres (approx)
Year Built:
1974
Las Cimas Sec 01Austin IsdJordanDobie (austin Isd)Lyndon B Johnson (austin Isd)

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Schools

School District:
Austin ISD
Elementary School:
Jordan
Middle School:
Dobie (Austin ISD)
High School:
Lyndon B Johnson (Austin ISD)

Interior

Appliances
Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Free-Standing Electric Range, Refrigerator, Washer/Dryer
Cooling
Ceiling Fan(s), Central Air
Fireplaces Total
2
Flooring
Carpet, Tile, Vinyl
Heating
Central, Fireplace(s)

Exterior

Community Features
None
Exterior Features
None
Other Structures
None
Parking Features
Attached, Concrete, Door-Multi, Garage, Garage Faces Side
Roof
Composition, Shingle

Financial

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Multi Family in Austin as of Oct 17, 2025
204
Multi Family Listed
133
Avg DOM
313
Avg $ / SqFt
$771,016
Avg List Price

Property Summary

    Located in the Las Cimas Sec 01 subdivision, 5501 Purple Sage DR Austin TX is a Multi Family for sale in Austin, TX, 78724. It is listed for $495,000 To schedule a showing of MLS#6889885 at 5501 Purple Sage DR in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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