$895,000
$205K PRICE DROP

504 E 38 1 2 St Unit 504, 504B, 506 Austin, TX 78751

Hyde Park Neighborhood

Estimated payment $6,049/month

Total Views 6,294
3 Beds
3 Baths
1,691 Sq Ft
$529 Price per Sq Ft

Highlights

  • Wood Flooring
  • Private Yard
  • Multiple Living Areas
  • Russell Lee Elementary School Rated A-
  • No HOA
  • 5-minute walk to Sparky Park

About This Home

Rare Three-Unit Opportunity on a Large Lot in Hancock. Current rents are $5225, with great long-term tenants who would be happy to renew.
Located just steps from the historic Hancock Golf Course and some of Austin’s most beloved local spots, this unique property presents a rare opportunity to own three individual 1 bed / 1 bath homes on a generous 10,890 sq ft lot in one of Central Austin’s most walkable neighborhoods.

Perfect for investors, multi-generational living, or an owner-occupant seeking additional rental income, each unit offers its own charm, privacy, and complete living spaces—including full kitchens and bathrooms. The back cottage, rebuilt in 2014, is a quiet, modern retreat featuring granite countertops, solid bamboo floors, vaulted ceilings, and abundant natural light. It also includes central HVAC, a tankless gas water heater, in-unit laundry, and a private fenced yard.

The two front cottages retain their original hardwood floors and vintage character, enhanced with thoughtful updates like European-style washer/dryer combos for added convenience.

Additional highlights include alley access, a 2-car carport, and multiple off-street parking options. Located just half a block from Hancock Golf Course, jogging trails, and iconic neighborhood favorites like Asti, Vino Vino, and Hyde Park Bar & Grill, with easy access to UT and downtown.

Three standalone units. One large lot. Endless potential. This is a true Austin gem in the heart of Hancock.

Listing Agent

Dominique Anderson

Compass RE Texas, LLC Brokerage Phone: (512) 761-5409 License #0602041 Listed on: 04/17/2025

Compass RE Texas, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,873

Year Built

  • Built in 1935

Lot Details

  • 0.25 Acre Lot
  • Southwest Facing Home
  • Wood Fence
  • Private Yard
  • Back Yard

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,691 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Multiple Living Areas
  • Living Room
  • Dining Area

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Carport
  • Off-Street Parking

Schools

  • Lee Elementary School
  • Kealing Middle School
  • Mccallum High School

Additional Features

  • No Interior Steps
  • Rear Porch
  • Property is near a golf course
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 504 E 38 1/2
  • Tax Block 4

Community Details

Overview

  • No Home Owners Association
  • Oaklawn Addn Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Deposit $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,873

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: See Remarks
  • Year Built: 1935
  • Direction Faces: Southwest
  • Directions: W 35th Street, turn left onto Duval St, turn right onto 38 1/2 St, house is on the left
  • Disclosures: Lead Base Paint Addendum, Seller Disclosure
  • Fencing: Wood
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 1691
  • Other Equipment: None
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Attribution Contact: (512) 761-5409
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 15949.80
  • FEMA Flood Plain: No
  • Restrictions: City Restrictions,Deed Restrictions
  • Tax Exemptions: None
  • Unit Mix: See Remarks,1/1
  • ACT_MonthToMonthYN: 0
  • ACT_PetDeposit: 500
  • ACT_FireplaceYN: 0
  • ACT_MonthToMonthYN: 0
  • ACT_PetDeposit: 0
  • ACT_FireplaceYN: 0
  • ACT_MonthToMonthYN: 0
  • ACT_PetDeposit: 0
  • ACT_FireplaceYN: 0
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Multiple Dining Areas, Multiple Living Areas, No Interior Steps, Primary Bedroom on Main
  • View: None
  • Flooring: Tile, Wood
  • Fireplace Features: None
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Dryer, Oven, Range, RNGHD, Refrigerator, Washer
  • Property Condition: Resale
  • Window Features: Double Pane Windows
  • Dining Room Type: Primary Bedroom, Primary Bathroom, Kitchen, Laundry, Living Room
  • Laundry Location: In Kitchen

Beds/Baths

  • Full Bathrooms: 3
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Private Yard
  • Roof: Composition, Metal
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: Rear Porch
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Carport, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air
  • Meter Description: Electric Separate,Gas Separate,Water Separate

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • Elementary School: Lee
  • High School: McCallum
  • Middle/Junior School: Kealing
  • Junior High Dist: Austin ISD

Lot Info

  • Lot Features: Back Yard, Curbs, Near Golf Course
  • Parcel Number: 504 E 38 1/2
  • Lot Size Acres: 0.2504
  • Lot Size Sq Ft: 10907.42
  • Subdivision Name: Oaklawn Addn

Rental Info

  • Owner Pays: Repairs, Roof Maintenance, Taxes
  • Total Actual Rent: 5225
  • Pets Allowed: Negotiable

Building Info

  • Construction Materials: Wood Siding
  • New Construction: No

Tax Info

  • Tax Block: 4
  • Tax Year: 2024
  • Tax Annual Amount: 15872.53
  • Tax Map Number: 5-7
  • Tax Filled Sqft Total: 1865
  • Tax Rate: 1.98180000000000

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 Price Changed $895,000 -0.6% $529 / Sq Ft
08/28/2025 08/28/25 Price Changed $900,000 -5.3% $532 / Sq Ft
08/14/2025 08/14/25 Price Changed $950,000 -3.6% $562 / Sq Ft
07/24/2025 07/24/25 Price Changed $985,000 -1.0% $582 / Sq Ft
07/02/2025 07/02/25 Price Changed $995,000 -0.5% $588 / Sq Ft
06/26/2025 06/26/25 Price Changed $1,000,000 -4.3% $591 / Sq Ft
06/13/2025 06/13/25 Price Changed $1,045,000 -2.8% $618 / Sq Ft
05/21/2025 05/21/25 Price Changed $1,075,000 -2.3% $636 / Sq Ft
04/17/2025 04/17/25 For Sale $1,100,000 -- $651 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9242525

Unlock MLS (Austin Board of REALTORS®)