AUSTIN, TX – Parker Heights, located at 1300–1302 Parker Lane in Austin’s coveted Southeast submarket, is a boutique apartment community comprising 54 units constructed in 1968/1969 and situated on a 1.43-acre site. Ideally positioned just 1.5 miles southeast of Downtown Austin, the property affords residents convenient access to the city’s primary employment centers, entertainment venues, and cultural attractions.
This successful transaction was facilitated through the collaborative efforts of Daniel Elam and Sally Burns, who navigated a competitive, multiple-offer environment. It was sold to a Buyer for an undisclosed price who has experience owning and operating multifamily assets in Austin. According to the brokerage team, “Market dynamics are reverting to pre-pandemic pricing, as rental rates have softened and new supply stabilizes—creating a compelling opportunity for buyers to benefit from a favorable basis reset.”
About Muskin | Elam Group – Muskin | Elam Group is a privately held real estate brokerage and investment firm headquartered in Austin, Texas. The company provides comprehensive brokerage and advisory services, supporting owners and investors with sale and acquisition strategies. They operate primarily in the Greater Austin metropolitan area and specialize in tracking market trends, ownership, and performance of multifamily assets across all submarkets. The Muskin Elam Group delivers personalized and unique insight into the multifamily asset class in Austin.
Contact:
Daniel Elam
Principal | Muskin Elam Group, LLC
512.343.2700 | daniel@muskin-elam.com | www.muskin-elam.com
