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504 E 38th 1/2 ST
Austin, TX, 78751
$1,100,000
3 Beds
3 Baths
1,645 SqFt
0.25 Acres
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Located just steps from the historic Hancock Golf Course and some of Austin’s most beloved eateries, this unique property offers incredible flexibility, charm, and investment potential. Situated on a 10,890 sq ft lot with alley access, you’ll find three separate 1 bed / 1 bath homes, each with their own kitchen and living space—ideal for generating income or future development. The back cottage, thoughtfully rebuilt in 2014, is quiet and cozy with a private fenced yard. It features modern finishes including granite countertops, solid bamboo flooring, vaulted ceilings, and natural light. This updated home also includes a tankless gas water heater, central HVAC, washer/dryer, dishwasher, refrigerator, and more—perfect for an owner-occupant or as a high-demand rental. The two front cottages are full of charm, maintaining their original hardwood floors and vintage character. Both homes are equipped with European-style combo washer/dryers for convenience. Parking is a breeze with a 2-car carport in front and alley-accessed parking for the back house. The incredible location is a 1/2 block to Hancock Golf Course, jogging trails, and beloved neighborhood spots like Asti, Vino Vino, Hyde Park Bar & Grill, and more. Just minutes to UT and downtown Austin. Whether you’re an investor looking for steady cash flow, a homeowner seeking a central property with income potential, this one-of-a-kind property delivers.

Property Details

Price:
$1,100,000
MLS #:
2717978
Status:
Active
Beds:
3
Baths:
3
Address:
504 E 38th 1/2 ST
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Oaklawn Add
City:
Austin
Listed Date:
Apr 17, 2025
State:
TX
Finished Sq Ft:
1,645
ZIP:
78751
Lot Size:
10,907 sqft / 0.25 acres (approx)
Year Built:
1935
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Schools

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

Interior

Appliances
Dishwasher, Dryer, Oven, Range, R N G H D, Refrigerator, Washer
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Tile, Wood
Heating
Central

Exterior

Community Features
None
Exterior Features
Exterior Steps, Private Yard
Other Structures
See Remarks
Parking Features
Carport, Off Street
Roof
Shingle

Financial

Taxes
$15,873

Map

Community

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504 E 38th 1/2 ST
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