Active

501 Carolyn Avenue

Austin, TX 78705

$1,595,000 $6,724/Mo

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Overview

Bed

Bath

2,880

Sqft

0.20

Acre(Lot)

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 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!

Property Details

Property Type : ResidentialIncome

Price : $1,595,000

AD Id : 78920322

MLS Id : 9984932

Beds : 5

Lot Size : 0.20 Acre

Living Area Size : 2,880

Year Built : 1935

Garage : 3

County : Travis

Subdivision: Harpers

Map

What's Nearby

Nearby Areas

Features

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

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: ResidentialIncome Property SubType: Triplex Direction Faces: Northeast Levels: Two Property Age: 91

Listing Price Information

Listing Price: $1595000

Cash, Conventional

Tax Information

Parcel Number: 02170610010000 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

Virtual Tour

Virtual Tour (External Link)

Parking Information

DoorMulti, Driveway, Detached, Garage, GarageFacesSide

Garage Information

Garage Space: 3 Pets Allowed: CatsOk, DogsOk

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

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3407 Hampton Road #A AN.., Austin, TX, 78705	$750,000	2	2	1,056	1,056 SqFt

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ByOwner last updated this listing 06/12/2026 @ 16:07

MLS: 9984932 LISTED BY: Mary Emma Partain, Compass RE Texas, LLC 512-575-3644 SOURCE: ACTRIS