Abstract The observed low-lying K=5/2± positive- and negative-parity bands in the stable nucleus 153Eu are investigated by the reflection-asymmetric triaxial particle rotor model. The experimental energy spectra, the energy staggering parameters, as well as the intraband E2 and M1 transition probabilities are well reproduced. It is found that the calculated interband B(E1) values depend sensitively on the octupole deformation parameter β30, although the energy spectra and intraband E2 and M1 transitions can be reproduced without the octupole degree of freedom. The observed enhanced E1 transition probabilities can be reproduced with β30=0.05. The detailed analysis of the intrinsic wave functions shows these nearly degenerate positive- and negative-parity bands are built on two individual proton configurations, i.e., dominated by πg9/2[Ω=5/2] and πh11/2[Ω=5/2], respectively, which differs from the parity doublet bands built on a single parity-mixed configuration.