504 E 38 1/2 St Unit 504, 504B, 506
Austin, TX 78751
- – beds
- – baths
- 1,645 sqft
- 10,907 sqft lot
- $668 per sqft
- 1935 build
- – on site
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.
Last checked:
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Last updated Apr 18, 2025
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MLS# 9242525 —
The Building
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Year Built:1935
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Unit Number:504, 504 B, 506
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New Construction:false
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Roof:Shingle
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Foundation:Pillar/Post/Pier
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Exterior Features:Private Yard
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Accessibility Features:None
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Patio And Porch Features:Rear Porch
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Window Features:Double Pane Windows
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Levels:One
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Direction Faces:SW
Interior
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Interior Features:Multiple Dining Areas
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Room Type:Primary Bedroom
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Flooring:Tile
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Fireplace:None
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Laundry Location:In Kitchen
Room Dimensions
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Living Area:1645
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Living Area Source:Owner
Financial & Terms
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Restrictions:None
Location
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Latitude:30.29964
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Longitude:-97.728607
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Directions:W 35th Street, turn left onto Duval St, turn right onto 38 1/2 St, house is on the left
The Property
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Property Type:Residential Income
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Subtype:Triplex
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Parcel Number:504 E 38 1/2
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Property Condition:Resale
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Other Structures:None
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Lot Features:Back Yard
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Lot Size Acres:0.2504
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Lot Size Area:0 Sqft
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Lot Size SqFt:10,907 Sqft
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SqFt Total:1,865 Sqft
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View:None
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Waterfront:false
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Waterfront Features:None
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Horse:false
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Fencing:Wood
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FEMA Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (512) 761-5409
- Office phone:
- (512) 575-3644
Taxes
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Tax Annual Amount:$15,872.53
The Listing
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Special Listing Conditions:Standard
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Listing Terms:Cash
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Occupant Type:Tenant
Heating & Cooling
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Heating:Central
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Cooling:Central Air
Utilities
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Utilities:Electricity Available
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Sewer:Public Sewer
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Water Source:Public
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Electric On Property:true
Appliances
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Appliances:Dishwasher
Schools
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Elementary School:Lee
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Elementary School District:Austin ISD
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Middle School:Kealing
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Middle School District:Austin ISD
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High School:McCallum
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High School District:Austin ISD
The Community
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Subdivision Name:Oaklawn Addn
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Community Features:None
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Pool Features:None
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Pets Allowed:Negotiable
Parking
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Parking Features:Carport
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Garage:false
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Attached Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
