1915 Margalene Way
Description
1915 Margalene Way, Austin, TX 78728
Do not miss this turnkey duplex in the highly desirable Wells Branch community. This well maintained 3 bedroom, 2 bathroom property offers immediate rental income and strong long term appreciation potential in one of North Austin’s most in demand locations. Unit B has been updated and is move in ready for an owner occupant. Unit A is currently leased at $1,450 per month on a month to month basis, offering flexibility...New Roof. Updated Duplex in Prime North Austin
1915 Margalene Way, Austin, TX 78728
Do not miss this turnkey duplex in the highly desirable Wells Branch community. This well maintained 3 bedroom, 2 bathroom property offers immediate rental income and strong long term appreciation potential in one of North Austin’s most in demand locations. Unit B has been updated and is move in ready for an owner occupant. Unit A is currently leased at $1,450 per month on a month to month basis, offering flexibility for future plans. This setup is ideal for house hacking or for investors looking to offset their mortgage with rental income. The interior features a bright open floor plan with a cozy fireplace, 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 and dryer convey, making this an easy property to occupy or lease. There is no HOA, though some deed restrictions apply through Wells Branch MUD. The property includes a private fenced backyard with a deck, a one car garage, and low maintenance finishes throughout. A new roof adds peace of mind. The home shows beautifully and is ready for tenants or a new owner. The location offers quick access to Mopac, I 35, and toll roads, with major employers such as Apple, Dell, and IBM nearby. The Domain, HEB, Whole Foods, parks, and trails are just minutes away. Wells Branch also offers 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.
- Listed by Michelle Adams • TREC #0565976 • AIR Property GroupP: (512)-574-2969 C: (512)-574-2969 michelle@airpropertygroup.com
Property Details for 1915 Margalene Way
Property Details for 1915 Margalene Way
| Status | Active |
|---|---|
| MLS # | 3872286 |
| Days on Market | 173 |
| Taxes | $8,587 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Duplex |
| Year Built | 1984 |
| Lot Size | 0.19 AC / 8,350 SF |
| County | Travis County |
Location
Building Information for 1915 Margalene Way
Payment Calculator
$2,909 per month
30 year fixed, 6.15% Interest
$2,193
$716
$0
Property Information for 1915 Margalene Way
- Garage Spaces: 2
- Parking Total: 2
- Parking Features: Additional Parking, Off Street
- Garage: Yes
- Covered Spaces: 2
- Interior Features: None
- Flooring: Carpet, Tile, Vinyl
- Other Equipment: None
- Appliances: Dishwasher, FreeStandingGasOven, Microwave
- Fireplace: Yes
- Fireplaces Total: 2
- Fireplace Features: Family Room
- Laundry Features: InUnit
- Restrictions: NoRestrictions
- Exterior Features: None
- New Construction: No
- Construction Materials: Brick Veneer
- Foundation Details: Slab
- Patio And Porch Features: Deck
- Roof: Composition
- Fencing: Back Yard, Fenced
- Direction Faces: Northeast
- Window Features: None
- Accessibility Features: None
- Community Features: None, Curbs
- FEMA Flood Plain: No
- Lot Features: Front Yard
- Horse: No
- Cooling YN: Yes
- Cooling: Central Air
- Heating YN: Yes
- Heating: Central
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available
- Owner Pays: None
- UnitNum: 2
- BedsTotal: 3
- NumFullBaths: 2
- NumHalfBaths: 0
- BathsTotal: 2
- Furnished: Unfurnished
- ActualRent: $1,750.00
- LeasedYN: Yes
- OccupantType: Occupied
- LeaseExpires: 01-31-2026
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $1,750.00
- MonthToMonthYN: No
- FireplaceYN: Yes
- Permission: IDX
- UnitNum: 1
- BedsTotal: 3
- NumFullBaths: 2
- NumHalfBaths: 0
- BathsTotal: 2
- Furnished: Unfurnished
- ActualRent: $1,450.00
- LeasedYN: Yes
- OccupantType: Occupied
- LeaseExpires: 09-30-2025
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $1,350.00
- MonthToMonthYN: Yes
- FireplaceYN: Yes
- Permission: IDX
- Number Of Units Total: 2
- Association: No
- Tax Assessed Value: $450,000
- Additional Parcels: No
- Tax Year: 2025
- Tax Rate: 1.93%
- Security Features: None
- Directions: From MOPAC exit Wells Branch and head East on Wells Branch. Take a Left on Surrender Avenue and then a right on Margalene Way. Duplex will be down on the right. From I-35 exit Wells Branch and head West on Wells Branch. Take a Right on Alex Ave and then a Left on Margalene Way. Duplex will be down on the left.
Property History for 1915 Margalene Way
| Date | Event & Source | Price |
|---|---|---|
| 08/23/2025 | Listed (Active) ACTRIS #3872286 | $450,000 |
| 07/31/1998 | — | |
| 06/19/1998 | $129,777 | |
| 04/13/1998 | $129,777 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1915 Margalene Way
Schools near 1915 Margalene Way
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
Northwest Elementary School PublicPK to 5 | ||
Westview Middle School Public6 to 8 | ||
John B Connally High School Public9 to 12 | ||
Windermere Primary School PublicPK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of AIR Property Group, Michelle Adams, TREC #0565976
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2026] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.