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207 W 39th ST
Austin, TX, 78751
$1,275,000
8 Beds
5 Baths
3,353 SqFt
0.33 Acres
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Ideal “House Hack” or Investment Opportunity in Prime Hyde Park Location. Walkable to so many things:
Rare chance to own three detached homes on a generous city lot with alley access, all within walking distance to the UT campus and nestled in the charming Hyde Park Historic District. The property was originally platted with 3 separate lots – inquire with City about future development potential! Re-zone the property for more density or some alternate use – office, live-work, Microschool, the possibilities are endless! Or shorter term, live in one unit and rent out the other two. Includes: Main Home: 3-bedroom 2 bath charming cottage on 39th street. Leased 8/1/25-1/31/26 at $2995/mo. Good opportunity to owner-occupy after 1/31/26. Unit A (behind the main home): 1-bedroom 1 bath unit – currently leased 8/1/25-7/31/26 at a *low* rate of $1175. This unit has leased in the past for over $1900/month. Inquire with agent for details, it’s a cute and updated 1BR unit with separate kitchen and living room. Unit B (behind Unit A, towards the back of the lot): 4 bedroom 2 bath unit also accessible from the back alley. Leased 8/1/25-7/31/26 at $2500/mo (this unit has also leased closer to $3000/mo in the past). All units have a strong, consistent rental history with a total rental income potential of approx. $7900 (current rental total is $6670/month but the property has previously rented for $7900/moth total). Management/ownership just missed the pre-lease UT window this past leasing season. All leases will term out at better times going forward – the primary “Main” home could be leased or owner-occupied after current tenant lease expires on 1/31/26, while keeping the other units fully occupied and on the UT leasing calendar season. Plenty of off-street parking and private yard space add to the appeal for both owner-occupants and tenants. Whether you’re looking to offset your mortgage, build equity, or invest smartly in a walkable, high-demand neighborhood.

Property Details

Price:
$1,275,000
MLS #:
8276507
Status:
Active
Beds:
8
Baths:
5
Address:
207 W 39th ST
Type:
Single Family
Subtype:
See Remarks
Subdivision:
Hyde Park Addn No 2
City:
Austin
Listed Date:
Apr 15, 2025
State:
TX
Finished Sq Ft:
3,353
ZIP:
78751
Lot Size:
14,296 sqft / 0.33 acres (approx)
Year Built:
1940
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Schools

School District:
Austin ISD
Elementary School:
Lee
Middle School:
Kealing
High School:
McCallum

Interior

Appliances
Free- Standing Range
Bathrooms
5 Full Bathrooms
Cooling
Wall/ Window Unit(s)
Flooring
Carpet, Tile, Vinyl, Wood
Heating
None

Exterior

Community Features
None
Exterior Features
None
Other Structures
None
Parking Features
None
Roof
See Remarks

Financial

Taxes
$21,150

Map

Community

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207 W 39th ST
Austin, TX