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501 Carolyn Ave

Austin, TX 78705
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Bed 5

Bed

Bath 3

Bath

SqFt2,880

Sqft

Acres0.20

Acre(Lot)

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 t he 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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Detail Ic Property Details

Property Type : Residential

Price : $1,595,000

AD Id : 78920131

MLS Id : 8986241

Beds : 5

Lot Size : 0.20 Acre

Living Area Size : 2,880

Year Built : 1935

Garage : 3

County : Travis

Subdivision: Harpers

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Roofing Information

    Composition, Shingle

    Flooring Information

    Wood
  • Interior Features

    Bookcases, BuiltInFeatures, Chandelier, MainLevelPrimary, NoInteriorSteps, QuartzCounters
    Roof: Composition, Shingle
    Appliances: WasherDryerStacked, Dishwasher, ExhaustFan, Disposal, GasRange, GasWaterHeater, Refrigerator, StainlessSteelAppliances
    Laundry Features: LaundryCloset, WasherHookup, DryerHookup, ElectricDryerHookup, Stacked
  • Heating & Cooling

    Heating: Central Has Cooling: Yes

  • Building Information

    Year Built: 1935
    Construction Materials: Brick
    Stories: 2
    Pool Features: None
    Private Pool: No
    Water front Features: None
    View: Neighborhood
  • Exterior Features

    Exterior Features: ExteriorSteps, Lighting, PrivateYard, SeeRemarks

  • Lot Information

    Main Square Feet: 0.1991 Lot Size Acres: 0.1991 Lot Description: BackYard,CornerLot,FrontYard,Landscaped,Level,TreesMediumSize

    Property Information

    Subdivision: Harpers Source Property Type: Residential Property SubType: Single Family Residence Direction Faces: Northeast Levels: Two Property Age: 91

  • Listing Price Information

    Listing Price: $1595000
    Cash, Conventional

  • Tax Information

    Parcel Number: 501 Carolyn Ave (SFR Listing) Tax Lot: 10 Tax Block: 1 Tax Year: 2026 Annual Tax: $18045.47 Tax Legal Desc: LOT 10 *& W 9.67' LOT 9 BLK 1 OLT 7-8 DIV C HARPERS SUBD

  • Parking Information

    DoorMulti, Driveway, Detached, Garage, GarageFacesSide

    Garage Information

    Garage Space: 3

  • School Information

    Elementary School: Lee Junior High School: Kealing Senior High School: McCallum
  • Utility Information

    CableAvailable, ElectricityConnected, NaturalGasAvailable, HighSpeedInternetAvailable, SewerAvailable, WaterAvailable
  • Location Information

    Direction: From I-35, exit 236 toward Dean Keeton/32nd-38 1/2 Sts. Head west on Dean Keeton St. Turn right onto San Jacinto Blvd. Turn right onto Duval St. Turn right onto Carolyn Ave. Home will be on the corner on the right. WaterSource: Public
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Nearby Home Value

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910 Duncan Lane #57, Austin, TX, 78705 $269,888 2 2 1,010 1,010 SqFt
809 E 38th Street, Austin, TX, 78705 $950,000 4 3 1,765 1,765 SqFt
605 Texas Avenue, Austin, TX, 78705 $799,000 2 1 1,116 1,116 SqFt
605 Harris Avenue, Austin, TX, 78705 $775,000 2 3 1,336 1,336 SqFt
708 Sparks Avenue, Austin, TX, 78705 $1,724,900 4 4 2,847 2,847 SqFt
3506 Tom Green Street #1, Austin, TX, 78705 $800,000 3 3 1,670 1,670 SqFt
3711 Cedar Street, Austin, TX, 78705 $1,249,000 4 4 2,515 2,515 SqFt
204 W 32nd Street, Austin, TX, 78705 $2,650,000 3 3 3,944 3,944 SqFt
3001 Cedar Street #117, Austin, TX, 78705 $375,000 2 2 1,031 1,031 SqFt
3201 Guadalupe Street, Austin, TX, 78705 $1,400,000 7 3 3,356 3,356 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/07/2026 @ 00:32

MLS: 8986241 LISTED BY: Mary Emma Partain, Compass RE Texas, LLC 512-575-3644 SOURCE: ACTRIS

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