504 E 38th 1/2 St, Austin, TX 78751
Local realty services provided by:Better Homes and Gardens Real Estate Hometown
Listed by: dominique anderson
Office: compass re texas, llc.
MLS#:2717978
Source:ACTRIS
Price summary
- Price:$895,000
- Price per sq. ft.:$529.27
About this home
Rare Three-Unit Opportunity on a Large Lot in Hancock. Current rents are $5225, with great long-term tenants who would be happy to renew.
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.
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Home facts
- Year built:1935
- Listing ID #:2717978
- Updated:November 25, 2025 at 03:53 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Living area:1,691 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central
Structure and exterior
- Roof:Composition, Metal
- Year built:1935
- Building area:1,691 sq. ft.
Schools
- High school:McCallum
- Elementary school:Lee
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$895,000
- Price per sq. ft.:$529.27
- Tax amount:$15,873 (2024)
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