UPDATED:
Key Details
Property Type Single Family Home
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 3,353 sqft
Price per Sqft $380
Subdivision Hyde Park Addn No 2
MLS Listing ID 8276507
Bedrooms 8
Full Baths 5
HOA Y/N No
Year Built 1940
Annual Tax Amount $21,150
Tax Year 2024
Lot Size 0.328 Acres
Acres 0.3282
Lot Dimensions 75 x 190
Property Sub-Type See Remarks
Source actris
Property Description
Rare chance to own three detached homes on a generous city lot with alley access, all within walking distance to the UT campus and nestled in the charming Hyde Park Historic District. The property was originally platted with 3 separate lots - inquire with City about future development potential! Re-zone the property for more density or some alternate use - office, live-work, Microschool, the possibilities are endless! Or shorter term, live in one unit and rent out the other two. Includes: Main Home: 3-bedroom 2 bath charming cottage on 39th street. Leased 8/1/25-1/31/26 at $2995/mo. Good opportunity to owner-occupy after 1/31/26. Unit A (behind the main home): 1-bedroom 1 bath unit - currently leased 8/1/25-7/31/26 at a *low* rate of $1175. This unit has leased in the past for over $1900/month. Inquire with agent for details, it's a cute and updated 1BR unit with separate kitchen and living room. Unit B (behind Unit A, towards the back of the lot): 4 bedroom 2 bath unit also accessible from the back alley. Leased 8/1/25-7/31/26 at $2500/mo (this unit has also leased closer to $3000/mo in the past). All units have a strong, consistent rental history with a total rental income potential of approx. $7900 (current rental total is $6670/month but the property has previously rented for $7900/moth total). Management/ownership just missed the pre-lease UT window this past leasing season. All leases will term out at better times going forward - the primary "Main" home could be leased or owner-occupied after current tenant lease expires on 1/31/26, while keeping the other units fully occupied and on the UT leasing calendar season. Plenty of off-street parking and private yard space add to the appeal for both owner-occupants and tenants. Whether you're looking to offset your mortgage, build equity, or invest smartly in a walkable, high-demand neighborhood.
Location
State TX
County Travis
Area 4
Rooms
Main Level Bedrooms 3
Interior
Interior Features Built-in Features, Primary Bedroom on Main
Heating None
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile, Vinyl, Wood
Fireplace Y
Appliance Free-Standing Range
Exterior
Exterior Feature None
Fence Chain Link, Partial, Privacy, Wood
Pool None
Community Features None
Utilities Available Electricity Available
Waterfront Description None
View None
Roof Type See Remarks
Accessibility None
Porch None
Total Parking Spaces 4
Private Pool No
Building
Lot Description Level
Faces North
Foundation Pillar/Post/Pier, Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
New Construction No
Schools
Elementary Schools Lee
Middle Schools Kealing
High Schools Mccallum
School District Austin Isd
Others
Restrictions City Restrictions
Ownership Fee-Simple
Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan
Tax Rate 1.9818
Listing Terms Cash, Conventional, 1031 Exchange, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/aus/8276507