Austin, January 14, 2026
Muskin | Elam Group, LLC has successfully sold the Parker Heights apartment community, a 54-unit property located in Austin’s Southeast submarket. This transaction, facilitated by a skilled team amidst a competitive market, signifies shifting dynamics as rental rates soften and opportunities for investment emerge. The sale reflects market trends reverting to pre-pandemic pricing, paving the way for strategic investments in Austin’s multifamily landscape. Parker Heights’ vintage charm and strategic location continue to attract both renters and investors.
Austin, TX – Muskin | Elam Group, LLC Announces Sale of Parker Heights Apartments
Austin-based real estate firm Muskin | Elam Group, LLC has successfully sold Parker Heights, a 54-unit apartment community located at 1300–1302 Parker Lane in Austin’s Southeast submarket. The property, built in 1968/1969 and situated on a 1.43-acre site, is just 1.5 miles southeast of Downtown Austin, offering residents convenient access to the city’s primary employment centers, entertainment venues, and cultural attractions.
The sale was facilitated by Muskin | Elam Group’s team, including Daniel Elam and Sally Burns, who navigated a competitive, multiple-offer environment. The buyer, an experienced owner and operator of multifamily assets in Austin, acquired the property for an undisclosed price. 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.
Understanding Parker Heights
Parker Heights is a notable apartment community in Austin, strategically located just 1.5 miles from the downtown area. Its location is ideal for residents seeking easy access to Austin’s vibrant job market, entertainment options, and cultural experiences. The property’s vintage charm combined with its proximity to city conveniences continues to attract both renters and investors alike.
Facilitation of the Sale
This successful transaction underscores the proficiency of the Muskin | Elam Group, who have built a reputation for adeptly navigating the complexities of the Austin real estate market. In a competitive landscape where multiple offers were received, the expertise exhibited by the brokerage team has reaffirmed their standing in the region’s real estate sector.
Muskin | Elam Group Overview
Founded in Austin, Muskin | Elam Group, LLC has over 50 years of experience in real estate brokerage and investment. With a focus on the Greater Austin metropolitan area, the firm offers comprehensive services tailored to meet the needs of property owners and investors. Their deep understanding of market trends and multifamily asset dynamics positions them uniquely in the industry.
Market Dynamics and Implications for Investors
The recent sale of Parker Heights reflects shifting dynamics in the real estate market, particularly following disruptions caused by the pandemic. As rental rates begin to stabilize and new property developments reach maturity, opportunities for investment have become increasingly favorable. This trend signals a recovery in the business climate that may encourage further development and investment in Austin’s burgeoning multifamily sector.
Conclusion
The sale of Parker Heights by Muskin | Elam Group highlights the resilience and adaptability of Austin’s real estate market. As local entrepreneurs and investors continue to navigate these changing landscapes, the economic prospects for the community remain robust. Support for local businesses and awareness of market changes will be crucial as the landscape evolves, providing further opportunities for growth and development in the region.
Frequently Asked Questions (FAQ)
What is Parker Heights?
Parker Heights is a 54-unit apartment community located at 1300–1302 Parker Lane in Austin’s Southeast submarket. The property, built in 1968/1969 and situated on a 1.43-acre site, is just 1.5 miles southeast of Downtown Austin, offering residents convenient access to the city’s primary employment centers, entertainment venues, and cultural attractions.
Who facilitated the sale of Parker Heights?
The sale was facilitated by Muskin | Elam Group’s team, including Daniel Elam and Sally Burns, who navigated a competitive, multiple-offer environment. The buyer, an experienced owner and operator of multifamily assets in Austin, acquired the property for an undisclosed price.
What is Muskin | Elam Group, LLC?
Muskin | Elam Group, LLC is a privately held real estate brokerage and investment firm headquartered in Austin, Texas. With over 50 years of experience, 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 firm delivers personalized and unique insight into the multifamily asset class in Austin.
Key Features of the Sale
| Feature | Details |
|---|---|
| Property Name | Parker Heights |
| Location | 1300–1302 Parker Lane, Austin, TX |
| Number of Units | 54 |
| Year Built | 1968/1969 |
| Lot Size | 1.43 acres |
| Proximity to Downtown Austin | 1.5 miles southeast |
| Sale Facilitators | Daniel Elam and Sally Burns of Muskin | Elam Group |
| Buyer | Experienced owner and operator of multifamily assets in Austin |
| Sale Price | Undisclosed |
| Market Dynamics | Rental rates have softened and new supply stabilized, creating a favorable opportunity for buyers |
Deeper Dive: News & Info About This Topic
HERE Resources
Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
