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504 E 38th 1/2 ST
Austin, TX, 78751
$1,075,000
3 Beds
3 Baths
1,645 SqFt
0.25 Acres
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Rare Three-Unit Opportunity on a Large Lot in Hancock.

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 Details

Price:
$1,075,000
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
Composition, Metal

Financial

Taxes
$15,873

Map

Community

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504 E 38th 1/2 ST
Austin, TX