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504 E 38 1/2 ST # 506
Austin, TX, 78751
$1,100,000
Beds
0 Baths
1,645 SqFt
0 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 #:
9242525
Status:
Active
Beds:
0
Baths:
0
Address:
504 E 38 1/2 ST # 506
Type:
Multi Family
Subtype:
Triplex
Subdivision:
Oaklawn Addn
City:
Austin
Listed Date:
Apr 17, 2025
State:
TX
Finished Sq Ft:
1,645
ZIP:
78751
Year Built:
1935
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Schools

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

Interior

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

Exterior

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

Financial

Taxes
$15,873

Map

Community

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504 E 38 1/2 ST # 506
Austin, TX