$9,738 Closing Credit¹
#6648623, Richard Caprioli, Listing Office: Engel & Volkers Austin
$1,100,000 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
$669 / sqft
Multi-Family
Property details
About 504 E 38 1/2 St Unit 504, 504B, 506
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.
Highlights
Home typeTriplex
HeatingCentral
StatusActive
CoolingCentral Air
Size1,645 sqft
Lot size0.2504 Acres
Year built1935
ParkingCarport, Off Street
MLS #9242525
Summary
- 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 4/19/2025, 7:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,100,000
504 E 38 1/2 St Unit 504, 504B, 506
$10,000
closing credit¹
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Seller rebate
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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 most common annual income of people living in Austin, TX is between $35k-100k. Most families are single, no kids. Residents of this area typically 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
Similar homes for sale
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 $1,100,000.
While more than 115 listings in Austin, TX in March 2025 were sold above asking price, there were more than 139 listings sold at asking price, and more than 529 were sold below. The inventory of homes for sale in Austin, TX between February and March 2025 increased by 28.6%. In March 2025 median list price was $577,151 and the average listing age was 67 days.
From Rocket Homes Real Estate and based on county public records data.