504 E 38th 1/2 Street
Austin, TX 78751
1645 sqft | 3 beds | 3 baths | 0.25 acres | #2717978
Description
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.
Property Details
- InteriorCeiling Fans, High Ceilings, MainLevelPrimary, Recessed Lighting
- Utility FeaturesElectricity Available, Sewer Available, Water Available
- Lot DescriptionAlley, Back Yard, Front Yard, Near Golf Course
- Exterior MaterialsExterior Steps, Private Yard
- FoundationPillar Post Pier, Slab
- Property SubtypeSingleFamilyResidence
- Sewer InformationPublic Sewer
- SubdivisionOaklawn Add
- School DistrictAustin ISD
- Original List Price$1,100,000
- Property TypePurchase
- High SchoolMcCallum
- Middle SchoolKealing
- Taxes Annual$15,872
- MLS #2717978
- Cost1075000
- MLS #2717978
- Acres0.2504
- Utility SourcePublic
- CountyTravis
- Property ConditionResale
- Square Feet1645
- Year Built1935
- Elementary SchoolLee
- Days on Market (Cumulative)36
- Bedrooms3
- Bathrooms3
- Full Baths3
Location
Legal
Based on information submitted to the MLS GRID as of 2025-05-21 23:12:20 UTC. 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.
The information being provided is 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. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated:Â . Source: ACTRIS
Listing Courtesy
Listing Agent: Dominique Anderson (#602041), Phone: (512) 761-5409
Listing Office: Compass RE Texas, LLC (#700459)
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