501 Carolyn Ave, Austin, TX 78705
- $1,595,000
- 5
- BD
- 3
- BA
- 2,880
- SqFt
- List Price
- $1,595,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 72
- MLS#
- 8986241
- Subtype
- Residential
- Year Built
- 1935
- Bedrooms
- 5
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 2,880
- Lot Size
- 8,672
- Acres
- 0.20
- Subdivision
- Harpers
- Neighborhood
- Harpers
- MLS Area Major
- Austin - Central
Property Description
Tucked into one of Central Austin’s most consistently in-demand pockets, this tastefully renovated 1935 Hyde Park triplex delivers the kind of flexibility and rentability that rarely hits the market. Live in one unit and let the others offset the mortgage, lease all three for a strong long-term hold, or secure a prime asset steps from UT in a neighborhood where vacancy barely has time to exist. The property includes the original brick duplex with two units each featuring 2 bedrooms and 1 bathroom, plus a separate 1 bedroom, 1 bathroom apartment above the detached three-car garage. All three units were renovated in 2022 with updated kitchens, quartz countertops, stainless appliances, refreshed baths, refinished hardwoods, upgraded lighting, fresh paint, and electrical improvements, while the soul of the 1930s still shows up in all the right places: vintage woodwork, built-in buffets, hardwood floors, and charming faux fireplaces. Current leases generate immediate income with strong rental history and lease terms already in place, making this a true plug-and-play investment in one of Austin’s most proven rental corridors. The detached garage adds rare utility with three bays, storage, and additional parking flexibility, while the landscaped grounds, shaded patios, and walkable location create serious tenant appeal. Set just blocks from the University of Texas, this location puts residents within easy biking and walking distance to Hyde Park favorites, coffee shops, restaurants, transit, and the stadium, with quick access to downtown and major thoroughfares. For investors, students, professionals, UT faculty, or anyone looking to own a high-demand piece of Central Austin, this one lands in a category all its own. Contact the listing agent to schedule a tour today!
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Additional Information
- Amenities
- Bookcases, Built-in Features, Chandelier, Quartz Counters, No Interior Steps, Primary Bedroom on Main, Stackable W/D Connections
- Interior Features
- Bookcases, Built-in Features, Chandelier, Quartz Counters, No Interior Steps, Primary Bedroom on Main, Stackable W/D Connections
- Exterior Features
- See Remarks, Exterior Steps, Lighting, Private Yard
- Taxes
- $18,045
- Appliances
- Dishwasher, Disposal, Exhaust Fan, Gas Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked, Water Heater
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Brick
- Stories
- 2
- Levels
- Two
- Roof
- Composition, Shingle
- Garage Spaces
- 3
- School District
- Austin ISD
- Elementary School
- Lee
- Middle School
- Kealing
- High School
- McCallum
Mortgage Calculator
Listing courtesy of Compass RE Texas, LLC. Contact: (512) 788-0533
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