516 E 40th St

$1,500,000
Price
Beds
Baths
3,960 Sq. Ft.
$379 / Sq. Ft.
3,960
Sq. Ft.
$379
per Sq. Ft.

Description

Call for Offers! Recent price adjustment to $1.5m! Seller will be reviewing offers received by Feb 3 Rare investment opportunity in the heart of Austin's sought-after Hyde Park neighborhood! Located just a "chip shot" away from the 8th green at Hancock Golf Course, Texas' oldest golf course, this 10-unit apartment complex offers prime real estate in one of the city's most historic and desirable areas. With its close proximity to St. David's Hospital, the University of Texas Law School, and DKR Memorial...Call for Offers! Recent price adjustment to $1.5m! Seller will be reviewing offers received by Feb 3 Rare investment opportunity in the heart of Austin's sought-after Hyde Park neighborhood! Located just a "chip shot" away from the 8th green at Hancock Golf Course, Texas' oldest golf course, this 10-unit apartment complex offers prime real estate in one of the city's most historic and desirable areas. With its close proximity to St. David's Hospital, the University of Texas Law School, and DKR Memorial Stadium, the property boasts exceptional rental potential and the convenience of being in a vibrant, growing community. Hyde Park's charm is evident in its tree-lined streets, eclectic atmosphere, and access to local restaurants, shops, and cultural attractions. The complex consists of 10 well-maintained units 2 storage rooms, and a washer/dryer that provide additional income, providing the perfect opportunity for investors looking to capitalize on Austin’s dynamic rental market. Whether you're looking to expand your portfolio or seek long-term growth in a neighborhood with a rich history and prime location, this property is an ideal choice. Don't miss out on this exceptional investment opportunity in one of Austin’s most coveted locations. Check out attachments for additional info.
  1. Listed by John C Sheppard • TREC #0448360 • Austin Home Source • (512) 472-4663
  2. Listed by John W Sheppard • TREC #0826269 • Austin Home Source

Property Details for 516 East 40th Street

Subdivision Name
Oaklawn Add
Waterfront
No
View
None
View YN
No
Parcel Number
02180610080000
Master on Main
No
Year Built Source
Public Records
Property Condition
Resale
LISTING UPDATED: 01/22/2025 03:54 PM

Property Details for 516 East 40th Street

StatusActive
MLS #2871159
Days on Market424
Taxes$26,509 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1972
Lot Size0.16 AC / 7,143 SF
CountyTravis County

Location

Listing Courtesy of Austin Home Source, John C Sheppard, TREC #0448360; Austin Home Source, John W Sheppard, TREC #0826269
Add your commute

Building Information for 516 East 40th Street

Stories2Residences-Year Built1972Lot Size0.16 AC / 7,143 SF

Payment Calculator

$9,621 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,412

Property Taxes

$2,209

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 516 East 40th Street

General Information
Parking
  • Parking Total: 10
  • Parking Features: Asphalt, Outside
Interior
  • Stories Total: 2
  • Flooring: Laminate
Exterior
  • New Construction: No
  • Construction Materials: Masonry
  • Foundation Details: Slab
  • Accessibility Features: None
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Size Source: Assessor
  • Current Use: Investment, Multi-Family
  • Horse: No
Location Information
  • Leasable Area: 3960.0
  • Building Features: Appliances, No Loading
  • Number Of Buildings: 1
  • Building Area Total: 3,960.00
  • Building Area Source: Public Records
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Above Ground Utilities, Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, High Speed Internet Available
  • Water Source: Public
Financial Information
Taxes and HOA Information
  • Tax Assessed Value: $1,465,200
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.98%
Showing Information
Showing Information
  • Security Features: Smoke Detector(s)
  • Directions: North on Duval. Turn right on 40th. Property on left. 1 lot away from Hancock Golf Course

Property History for 516 East 40th Street

DateEvent & SourcePriceAppreciation
Jan 22, 2025

Price Change

ACTRIS #2871159

$1,500,000
Jan 16, 2025

Price Change

ACTRIS #2871159

$1,590,000
Jan 7, 2025

Price Change

ACTRIS #2871159

$1,600,000
Dec 28, 2024

Price Change

ACTRIS #2871159

$1,640,000
Dec 17, 2024

Price Change

ACTRIS #2871159

$1,690,000
Dec 14, 2024

Price Change

ACTRIS #2871159

$1,720,000
Dec 3, 2024

Price Change

ACTRIS #2871159

$1,750,000
Nov 22, 2024

Price Change

ACTRIS #2871159

$1,800,000
Nov 18, 2024

Price Change

ACTRIS #2871159

$1,950,000
Nov 15, 2024

Price Change

ACTRIS #2871159

$1,960,000
Oct 17, 2024

Price Change

ACTRIS #2871159

$2,000,000
Oct 17, 2024

Listed (Active)

ACTRIS #2871159

$2,200,000
DateEvent & SourcePrice
01/22/2025

Price Change

ACTRIS #2871159

$1,500,000
01/16/2025

Price Change

ACTRIS #2871159

$1,590,000
01/07/2025

Price Change

ACTRIS #2871159

$1,600,000
12/28/2024

Price Change

ACTRIS #2871159

$1,640,000
12/17/2024

Price Change

ACTRIS #2871159

$1,690,000
12/14/2024

Price Change

ACTRIS #2871159

$1,720,000
12/03/2024

Price Change

ACTRIS #2871159

$1,750,000
11/22/2024

Price Change

ACTRIS #2871159

$1,800,000
11/18/2024

Price Change

ACTRIS #2871159

$1,950,000
11/15/2024

Price Change

ACTRIS #2871159

$1,960,000
10/17/2024

Price Change

ACTRIS #2871159

$2,000,000
10/17/2024

Listed (Active)

ACTRIS #2871159

$2,200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 516 East 40th Street

Taxable ValueLand$391,985Additions$1,073,215Total$1,465,200
Home Facts
Total Finished SqFt3,960 SqFtAbove Grade Finished SqFt3,960 SqFtStories2Lot Size7,126 SqFtStyleMulti-Family Res (5+ Units)Year Built1972Year Renovated1982CountyTRAVISAPN02180610080000

Schools near 516 East 40th Street

This home is within Austin Independent School District.
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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516 East 40th Street is for sale in Austin, TX 78751. This property was listed for sale on October 17, 2024 by Austin Home Source, it's currently listed at $1,500,000. This listing's school district is Austin Independent School District. Nearby schools include Lee Elementary School, Kealing Middle School and Mccallum High School. 516 East 40th Street is a 0-bed, 0-bath, 3,960 sqft built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Austin Home Source, John C Sheppard, TREC #0448360; Austin Home Source, John W Sheppard, TREC #0826269

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.