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$895,000
last listed504 E 38th 1/2 St, Austin, TX 78751
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3 bed, 3 bath, 1,691 sqft on 0.25 acres in Austin. Austin, TX 78751. Last listed at $895,000, sold January 5, 2026. Austin ISD.
About This Home
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.
- Property Type
- Residential
- Year Built
- 1935
- Lot Size
- 0.25 acres
- Price / Sq Ft
- $529
Listing information last updated January 6, 2026.
Listed by Compass RE Texas, LLC
MLS# 2717978 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Ceiling-High
- Primary Bedroom on Main
- Recessed Lighting
- Stackable W
- D Connections
- Dishwasher
- Dryer
- Oven
- Range
- RNGHD
- Refrigerator
- Washer
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Exterior Steps
- Private Yard
- Wood Siding
- Alley
- Back Yard
- Curbs
- Front Yard
- Near Golf Course
- Back Yard
- Privacy
- Wood
- Pillar
- Post
- Pier
- Slab
- Rear Porch
- Roof
- Composition,Metal
- Lot Size
- 0.25 Acres
- Carport
- Off Street
Financial
- Original List Price
- $1,100,000
- Price per Sq Ft
- $529
Utilities
- Electricity Available
- Sewer Available
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 504 E 38th 1/2 ST, whoever represented it.
- SoldJanuary 5, 2026Listed at: $1,100,000MLS 2717978
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $895,000
- Original list
- $1,100,000
- Price movement
- $205K reduction
- Listed / DOM
- Apr 17, 2025
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $672,287
- Assessment Year
- 2025
- Year Built
- 1935
- Parcel ID
- 000000213214
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+0.7% | — | $672,287 | $410,445 | $155,001 |
2024+5.7% | — | $667,424 | $385,000 | $419,814 |
2023+16.3% | — | $631,528 | $350,000 | $317,424 |
2022+8.1% | — | $542,800 | $385,000 | $246,528 |
2021 | — | $502,200 | $357,500 | $185,300 |
Virtual Tour
Zoned Schools
McCallum
Kealing
Lee
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($179K)
Adjustable assumption - not a lending recommendation.
$895,000
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List price
$895,000
Price per sqft
$529/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$205K reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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