This property is no longer actively listed. We can help you find similar homes currently for sale, notify you if this property relists, or explore off-market opportunities in the area.
$1,500,000
last listed516 E 40th St, Austin, TX 78751
Why you're seeing this property: Unlike major portals that hide off-market listings, we maintain the most comprehensive Austin property database. View market history, neighborhood data, and discover similar homes currently for sale. #1 Austin Realtor Team 2024.
— bed, — bath on 0.16 acres in Austin. Austin, TX 78751. Last listed at $1,500,000, sold March 26, 2025.
About This Home
***Call for Offers! Recent price adjustment to $1.5m!!!*** 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.
- Property Type
- Commercial Sale
- Year Built
- 1972
- Lot Size
- 0.16 acres
Listing information last updated April 4, 2025.
Listed by Austin Home Source
MLS# 2871159 • 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
- Laminate
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Masonry – All Sides
- Slab
- Lot Size
- 0.16 Acres
- Stories
- 2
- Asphalt
- Outside
Financial
- Original List Price
- $2,200,000
Utilities
- Above Ground
- Cable Connected
- Electricity Connected
- High Speed Internet
- Natural Gas Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 516 E 40th ST, whoever represented it.
- SoldMarch 26, 2025Listed at: $2,200,000MLS 2871159
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,500,000
- Original list
- $2,200,000
- Price movement
- $700K reduction
- Listed / DOM
- Oct 17, 2024
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,584,000
- Assessment Year
- 2025
- Year Built
- 1972
- Parcel ID
- 000000213238
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+17.6% | — | $1,584,000 | $391,985 | $1,192,015 |
2024+4.6% | — | $1,346,400 | $391,985 | $1,073,215 |
2023+9.4% | — | $1,287,000 | $391,985 | $954,415 |
2022-1.0% | — | $1,176,553 | $391,985 | $895,015 |
2021 | — | $1,188,000 | $391,985 | $784,568 |
Virtual Tour
District Schools Nearby
Lasa High School
Bowie High School
McCallum High School
Garza Independence High School
Austin High School
Anderson High School
District context schools are shown because address-level assigned school fields are not available for this property. 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% ($300K)
Adjustable assumption - not a lending recommendation.
$1,500,000
Luxury property intelligence
Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,500,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$700K reduction
$2.2M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Mar 25, 2026.
Request Private Market AnalysisConnect 516 E 40th St to the Austin Market
78751 ZIP Guide
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Austin ISD Schools
District guide, nearby schools, and homes by attendance area
Austin Home Valuation
Private Austin CMA, TCAD context, and pricing strategy
Seller Resources
Pricing, prep, launch timing, and Compass marketing strategy
Keenan Group Results
#1 ABOR Team 2024 with $1B+ career sales volume
