504 E 38 1/2 St Unit 504, 504B, 506
Austin, TX 78751
Map
- – beds
- – baths
- 1,645 sqft
- 10,907 sqft lot
- $635 per sqft
- 1935 build
- – on site
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.
Last checked:
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Last updated Jun 13, 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:Composition
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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).
