1. Texas
  2. Austin
  3. 504 E 38 1/2 ST 504, 504B, 506
$985,000

504 E 38 1/2 ST 504, 504B, 506, Austin, TX 78751

  • 1,645 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1935
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $599/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

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 Status:
Active
Listing Office:
Compass RE Texas, LLC : (512) 575-3644
Listing Agent:
Dominique Anderson : (512) 761-5409
MLS ID:
9242525
  • General: Multiple Dining AreasMultiple Living AreasNo Interior StepsPrimary Bedroom on Main
  • Rooms: Primary BedroomPrimary BathroomKitchenLaundryLiving Room
  • Appliances: DishwasherDisposalDryerOvenRangeRNGHDRefrigeratorWasher
  • Laundry: In Kitchen
  • Flooring: TileWood
  • A/C: Central Air
  • Heating: Central
  • Fireplace: Fireplaces: 0
  • Eco/Green Feature: NoneNone

This listing courtesy of Dominique Anderson, Compass RE Texas, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lee Elementary School

3308 Hampton Rd, Austin, TX, 78705

Grades KG-6

0.43 miles away

K

Kealing Middle School

1607 Pennsylvania Ave, Austin, TX, 78702

Grades 6-8

2.01 miles away

M

McCallum High School

5600 Sunshine Dr, Austin, TX, 78756

Grades 9-12

1.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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