504 E 38th 1/2 St
Description
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...Rare Three-Unit Opportunity on a Large Lot in Hancock. Current rents are $5225, with great long-term tenants who would be happy to renew.
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.
Listing Agent
![Dominique Anderson]()
dom.anderson@compass.comP: (512)-761-5409
Property Details for 504 East 38th 1/2 Street
Property Details for 504 East 38th 1/2 Street
| Status | Pending |
|---|---|
| MLS # | 2717978 |
| Days on Market | 195 |
| Taxes | $15,873 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1935 |
| Lot Size | 0.25 AC / 10,907 SF |
| County | Travis County |
| Compensation Remarks | Negotiable |
Location
Building Information for 504 East 38th 1/2 Street
Payment Calculator
$5,745 per month
30 year fixed, 6.28% Interest
$4,423
$1,323
$0
Property Information for 504 East 38th 1/2 Street
- Garage Spaces: 0
- Parking Total: 3
- Parking Features: Carport, Off Street
- Carport: Yes
- Garage: No
- Covered Spaces: 0
- Interior Features: Ceiling Fan(s), High Ceilings, Main Level Master, Recessed Lighting
- Flooring: Tile, Wood
- Appliances: Dryer, Dishwasher, Oven, Range, Refrigerator, RangeHood, Washer
- Fireplace: No
- Fireplaces Total: 0
- Laundry Features: InKitchen, WasherHookup, DryerHookup, Stacked
- Virtual Tour URL Branded: https://504east38th12street3units.mls.tours
- Virtual Tour URL Unbranded: https://504east38th12street3units.mls.tours/u/
- Restrictions: NoRestrictions
- Exterior Features: Exterior Steps, Private Yard
- New Construction: No
- Construction Materials: Wood Siding
- Foundation Details: Pillar Post Pier, Slab
- Patio And Porch Features: Rear Porch
- Roof: Composition, Metal
- Fencing: Back Yard, Privacy, Wood
- Direction Faces: Southwest
- Window Features: DoublePaneWindows
- Accessibility Features: None
- Community Features: None, Curbs
- FEMA Flood Plain: No
- Lot Features: Alley, Back Yard, Front Yard, Near Golf Course
- Horse: No
- Horse Amenities: None
- Cooling YN: Yes
- Cooling: Central Air
- Heating YN: Yes
- Heating: Central
- Sewer: Public Sewer
- Utilities: Electricity Available, Sewer Available, Water Available
- Room Type: Bathroom
- Room Level: Main
- Room Features: EnSuiteBathroom
- Room Type: Bathroom
- Room Level: Main
- Room Features: EnSuiteBathroom
- Room Type: Bedroom
- Room Level: Main
- Room Features: CeilingFans
- Room Type: Bedroom
- Room Level: Main
- Room Features: CeilingFans
- Room Type: Kitchen
- Room Level: Main
- Room Features: Chandelier, GraniteCounters, HighCeilings, KitchenFamilyRoomCombo, VaultedCeilings
- Room Type: PrimaryBathroom
- Room Level: Main
- Room Features: Chandelier, EnSuiteBathroom
- Room Type: PrimaryBedroom
- Room Level: Main
- Room Features: CeilingFans
- Permission: IDX
- Permission: IDX
- Permission: IDX
- Permission: IDX
- Permission: IDX
- Permission: IDX
- Permission: IDX
- Association: No
- Tax Assessed Value: $800,909
- Additional Parcels: No
- Tax Year: 2024
- Tax Rate: 1.98%
- Security Features: None
- Directions: W 35th Street, turn left onto Duval St, turn right onto 38 1/2 St, house is on the left
Property History for 504 East 38th 1/2 Street
| Date | Event & Source | Price |
|---|---|---|
| 12/14/2025 | Pending ACTRIS #2717978 | — |
| 10/31/2025 | Active Under Contract ACTRIS #2717978 | — |
| 09/10/2025 | Price Change ACTRIS #2717978 | $895,000 |
| 08/28/2025 | Price Change ACTRIS #2717978 | $900,000 |
| 08/14/2025 | Price Change ACTRIS #2717978 | $950,000 |
| 07/23/2025 | Price Change ACTRIS #2717978 | $985,000 |
| 07/01/2025 | Price Change ACTRIS #2717978 | $995,000 |
| 06/26/2025 | Price Change ACTRIS #2717978 | $1,000,000 |
| 06/13/2025 | Price Change ACTRIS #2717978 | $1,045,000 |
| 05/21/2025 | Price Change ACTRIS #2717978 | $1,075,000 |
| 04/17/2025 | Listed (Active) ACTRIS #2717978 | $1,100,000 |
| 05/26/2011 | — | |
| 05/13/2011 | Pending ACTRIS #7594703 | $349,900 |
| 04/27/2011 | $349,900 | |
| 11/30/2010 | $389,000 | |
| 05/25/2010 | $409,000 | |
| 07/11/2003 | — | |
| 06/22/2003 | $229,500 | |
| 06/12/2003 | $229,500 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 504 East 38th 1/2 Street
Schools near 504 East 38th 1/2 Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Lee Elementary School PublicK to 6 | ||
Kealing Middle School Public6 to 8 | ||
Mccallum High School Public9 to 12 | ||
Leadership Academy Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2025] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.