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504 E 38th 1/2 ST

$1,000,000 504 E 38th 1/2 ST, Austin, TX 78751
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.
  • For Sale
    Status
  • 3
    Bedrooms
  • 3
    Bathrooms
  • 1935
    Year Built
  • 1,645 Sq.Ft.
    Living Area
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 504 E 38th 1/2 ST, Austin, TX 78751. We are reviewing your request and will be in touch shortly!

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 1,645 Sq.Ft.
  • Lot Size: 0.25 Acres
  • MLS® ID: 2717978
  • Type: Residential
  • Year Built: 1935
  • Water Frontage: None
  • View Description: None
  • Elementary School:Lee
  • Middle School: Kealing
  • High School: McCallum
  • School District: Austin ISD

Interior

  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Flooring: Tile, Wood
  • Appliances: Dishwasher, Dryer, Oven, Range, RNGHD, Refrigerator, Washer
  • Other Interior Features: Ceiling Fan(s), High Ceilings, Primary Bedroom on Main, Recessed Lighting, Stackable W/D Connections

Exterior & Building

  • Stories: 1
  • Water Source: Public
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Pool: None
  • Roof: Composition, Metal
  • Lot Features: Alley Access, Back Yard, Curbs, Front Yard, Near Golf Course
  • Parking: Carport, Off Street
  • Heat Type: Central
  • Air Conditioning: Central Air
  • Sewer: Public Sewer
  • Substructure: Pillar/Post/Pier, Slab
  • Disability Features: None
  • Other Exterior Features: Exterior Steps, Private Yard

Financial

  • Sales Price: $1,000,000
  • Real Estate Tax: $15,873/yr
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504 E 38th 1/2 ST

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