Backup offers
$9,738 Closing Credit¹
#6648623, Richard Caprioli, Listing office: Engel & Volkers Austin
$1,045,000 List price
504 E 38 1/2 St Unit 504, 504B, 506 Austin, TX 78751
$10,000
Closing credit¹
0 beds
1,645 sqft
0.3 acres
$635 / sqft
Multi-Family
Property details
About 504 E 38 1/2 St Unit 504, 504B, 506
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.
Highlights
Home typeTriplex
HeatingCentral
StatusActive
CoolingCentral Air
Size1,645 sqft
Lot size0.2504 Acres
Year built1935
ParkingCarport, Off Street
MLS #9242525
Summary
- Appliances: Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Range Hood, Washer
- Flooring Type: Tile, Wood
- Interior: Separate/Formal Dining Room, Multiple Living Areas, Multiple Dining Areas, Main Level Primary, No Interior Steps
- Fireplace: None
- Parking: Carport, Off Street
- Waterfront: None
- Exterior: Private Yard
- Heating: Central
- Cooling: Central Air
- List Price: $1,045,000
- Price/SqFt: $635
- Lot: Back Yard, Near Golf Course
- Directions: W 35th Street, turn left onto Duval St, turn right onto 38 1/2 St, house is on the left
- Year Built: 1935
- Stories: 1
- Living Area: 1,645 SqFt
- Lot Size: 0.2504 Acres
- MLS Number: 9242525
- MLS Name: ACTRIS
- Office Name: Compass RE Texas, LLC
- Office Phone: (512) 761-5409
- Listing Agent: Dominique Anderson
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.
Listings courtesy of Unlock MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 6/18/2025, 12:55:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,045,000
504 E 38 1/2 St Unit 504, 504B, 506
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
7
Lee Elementary School
Public District KG-6
0.4 mi
•3308 Hampton Rd
6
Maplewood Elementary School
Public District PK-5
0.9 mi
•3808 Maplewood Ave
8
Ridgetop Elementary School
Public District PK-5
1.1 mi
•5005 Caswell Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $76,858. The majority of Austin, TX residents have income between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
20%
<35k
41%
35k-100k
30%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
72%
Single, No Kids
4%
Single, with Kids
14%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
4%
12-17 yrs old
42%
18-34 yrs old
37%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Tennis
Hiking/backpacking
Where do the neighbors shop?
H&M
Crate & Barrel
Bloomingdales
Where do the neighbors go to eat?
Chipotle
Starbucks
Boston Market
What do the neighbors drive?
Volkswagen
BMW
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 504 E 38 1/2 St Unit 504, 504B, 506
The listing price of 504 E 38 1/2 St Unit 504, 504B, 506 property is $1,045,000.
The property 504 E 38 1/2 St Unit 504, 504B, 506 is a multi located in Austin, Texas, 78751.
Active Listing: 504 E 38 1/2 St Unit 504, 504B, 506 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 504 E 38 1/2 St Unit 504, 504B, 506 are: Lee Elementary School (GreatSchools Rating 7/10), Maplewood Elementary School (GreatSchools Rating 6/10), Ridgetop Elementary School (GreatSchools Rating 8/10), Helping Hand (GreatSchools Rating 1/10), Vista Academy of Austin-Mueller (GreatSchools Rating 2/10), Kealing Middle School (GreatSchools Rating 6/10), Garza Independence High School (GreatSchools Rating 4/10), Rosedale (GreatSchools Rating 10/10), University of Texas at Austin High School (GreatSchools Rating 9/10).
The property 504 E 38 1/2 St Unit 504, 504B, 506 is 1,645 SqFt (source: MLS/tax record).
The year of construction for 504 E 38 1/2 St Unit 504, 504B, 506 is 1935.
This home is located at 504 E 38 1/2 St Unit 504, 504B, 506 in Austin, TX and zip code 78751 in the Oaklawn neighborhood. This 1,645 square foot home, which was built in 1935, sits on a 0.25 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since April 17, 2025 and is currently priced at $1,045,000.
Over 134 listings were sold over their listed price in May 2025 in Austin, TX. In the same period over 636 listings were sold below the listed price and 152 listings were sold for the listed price. The number of listings in Austin, TX increased by 17.3% between April and May 2025. In May 2025, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $575,934.
From Rocket Homes Real Estate and based on county public records data.