504 E 38TH 1/2 STREET, AUSTIN, TX 78751
Homes for sale in Austin.
Homes for sale in 78751.
504 E 38th 1/2 Street
Austin, TX 78751
List Price$895,000
Listing #2717978
3
Bedrooms
3 full
Bathrooms
1,691
Square Feet
House
Type
About This Property
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.
Property Features
Location Information
County
Travis
Subdivision
Oaklawn Add
County
Travis
Directions
W 35th Street, turn left onto Duval St, turn right onto 38 1/2 St, house is on the left
Area
4
Interior Features
Interior
Ceiling Fan(s), High Ceilings, Main Level Primary, Recessed Lighting
Floors
Tile, Wood
Primary Bedroom On Main
Yes
Laundry
In Kitchen, Washer Hookup, Dryer Hookup, Stacked
Full Baths
3
Disabled Features
None
Number of Fireplaces
0
Appliances
Dryer, Dishwasher, Oven, Range, Refrigerator, Range Hood, Washer
Heating
Central
Accessibility
None
Exterior Features
Style
Wood Siding
Garage Spaces
0
Stories
1
Fencing
Back Yard, Privacy, Wood
Is New Construction
No
Has Golf Course
Yes
Construction/Exterior
Wood Siding
Lot Size in Acres
0.25
Exterior
Exterior Steps, Private Yard
Waterfront Description
None
Foundation
Pillar/Post/Pier, Slab
Has Waterfront
No
Possession
Closing & Funding
Has View
No
Water / Sewer
Public Sewer
View
None
Water
Public
Is One Story
Yes
Parking Description
Carport, Off Street
School
Elementary School District
Austin ISD
Middle School
Kealing
Elementary School
Lee
High School
McCallum
Additional Information
Roof/Attic
Composition, Metal
APN
02180608140000
Other Utilities
Electricity Available, Sewer Available, Water Available
Status
Active Under Contract
Property Type
SFR
Documents Available
None
Property SubType
Single Family Residence
Square Feet Source
Owner
Year Built
1935
Similar Listings
Mortgage Calculator
$4,178
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,225
Monthly Tax
$745
Monthly Insurance
$208
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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