501 Carolyn Ave, Austin, TX

Name: 501 Carolyn Ave, For Sale in Austin - eXp Realty
Brand: Compass RE Texas, LLC
SKU: 8986241
Price: 1595000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,595,000

533

MLS® 8986241

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2880 sqft

Garage Yes

Taxes $18,045

Days Active 0

Lot Size

Approx. Age 1935

Avg. Price Per Sqft $553

MLS® Number 8986241

Property Address: 501 Carolyn Ave, Austin, TX, 78705

Average square foot calculated using Size range provided by listing agent.

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!

MLS® Number8986241

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1935

Basement

DrivewayDoor Multi, Driveway, Detached, Garage, Garage Faces Side

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 19, 2026List Date

$1,595,000List Price

Commute

Commute

Starting Address

Destination Address

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