504 E 38th 1/2 Street
- $995,000 REDUCED
- 3 Beds, 3 Bath, 1645 SQ. Feet, 0.25 Acres Residential Austin, TX 78751
Rare Three-Unit Opportunity on a Large Lot in Hancock. 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.
Essential Information
- MLS® #2717978
- Price$995,000
- Bedrooms3
- Bathrooms3.00
- Full Baths3
- Square Footage1,645
- Acres0.25
- Year Built1935
- TypeResidential
- Sub-TypeSingle Family Residence
- StatusActive
Community Information
- Address504 E 38th 1/2 Street
- SubdivisionOaklawn Add
- CityAustin
- CountyTravis
- StateTX
- Zip Code78751
Amenities
- FeaturesNone, Curbs
- ParkingCarport, Off Street
- ViewNone
- WaterfrontNone
Utilities
Electricity Available, Sewer Available, Water Available
Interior
- InteriorTile, Wood
- HeatingCentral
- CoolingCentral Air
- # of Stories1
- StoriesOne
Appliances
Dryer, Dishwasher, Oven, Range, Refrigerator, Range Hood, Washer
Exterior
- Exterior FeaturesExterior Steps, Private Yard
- WindowsDouble Pane Windows
- RoofComposition, Metal
- ConstructionWood Siding
- FoundationPillar/Post/Pier, Slab
Lot Description
Alley, Back Yard, Front Yard, Near Golf Course
School Information
- DistrictAustin ISD
- ElementaryLee
- MiddleKealing
- HighMcCallum
Map & Directions
View in Google MapsPrice Change History for 504 E 38th 1/2 Street, Austin, TX (MLS® #2717978)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $995,000 | $5,000 (0.50%) | |
| Price Reduced | $1,000,000 | $45,000 (4.31%) | |
| Price Reduced | $1,045,000 | $30,000 (2.79%) | |
| Price Reduced (from $1,100,000) | $1,075,000 | $25,000 (2.27%) |
Property Listed by: Compass Re Texas, Llc
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from July 11th, 2025 at 4:04am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.