+1(512) 294-8802 john@johnunderwoodaustin.com
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501 Carolyn Ave Austin, TX 78705

Active Under Contract

UPDATED:

$ 1,595,000
501 Carolyn Ave Austin, TX 78705
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501 Carolyn Ave, Austin, TX 78705
501 Carolyn Ave, Austin, TX 78705
501 Carolyn Ave, Austin, TX 78705
501 Carolyn Ave, Austin, TX 78705
501 Carolyn Ave, Austin, TX 78705
501 Carolyn Ave, Austin, TX 78705
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John Underwood

John Underwood

john@johnunderwoodaustin.com +1(512) 294-8802
$ 1,595,000
Est. payment | /mo

2,880 SqFt


Save
$ 1,595,000
Est. payment | /mo
Save

2,880 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,880 sqft

Price per Sqft $553

Subdivision Harpers

MLS Listing ID 9984932

HOA Y/N No

Year Built 1935

Annual Tax Amount $18,045

Tax Year 2026

Lot Size 8,672 Sqft

Acres 0.1991

Property Sub-Type Triplex

Source actris

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!

Location

State TX

County Travis

Interior

Interior Features Bookcases, Built-in Features, Chandelier, Quartz Counters, No Interior Steps, Primary Bedroom on Main, Stackable W/D Connections

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Number 2

Fireplaces Type Living Room

Fireplace No

Appliance Dishwasher, Disposal, Exhaust Fan, Gas Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked, Water Heater

Exterior

Exterior Feature See Remarks, Exterior Steps, Lighting, Private Yard

Garage Spaces 3.0

Fence Fenced, Partial, Wood

Community Features Curbs, Sidewalks

Utilities Available Cable Available, Electricity Connected, High Speed Internet, Natural Gas Available, Sewer Available, Water Available

Waterfront Description None

View Neighborhood

Roof Type Composition,Shingle

Porch Patio

Total Parking Spaces 3

Building

Lot Description Back Yard, Corner Lot, Curbs, Front Yard, Landscaped, Level, Public Maintained Road, Trees-Medium (20 Ft - 40 Ft)

Faces Northeast

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

New Construction No

Schools

Elementary Schools Lee

Middle Schools Kealing

High Schools Mccallum

School District Austin Isd

Others

Pets Allowed Cats OK, Dogs OK

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK

Listed by Compass RE Texas, LLC

Nearby Locations

GET MORE INFORMATION

John Underwood
John Underwood

REALTOR® | Lic# 811076

john@johnunderwoodaustin.com

+1(512) 294-8802

9600 Great Hills Trl, Ste 150W, Austin, TX 78759, USA

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501 Carolyn Ave

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

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      Home
      My Listings
      1. Featured Listings
      2. Sold Listings
      3. Property Portfolio
      Communities
      1. Mueller
      2. Downtown
      3. Zilker
      4. East
      5. Travis Heights / South River City
      6. Boulder Creek
      7. Barton Hills
      8. Hyde Park
      9. Rollingwood
      10. North Loop
      11. Allandale
      12. Crestview
      13. Brentwood
      14. Westlake
      15. Dripping Springs
      16. Leander
      17. Round Rock
      18. Georgetown
      19. Cedar Park
      20. Steiner Ranch
      Sell My Home
      Services
      Resources
      1. Affordability Calculator
      2. Mortgage Calculator
      3. Market Snapshot
      About
      1. My Resume
      2. My Story
      3. Client Survey
      4. Testimonials
      5. Contact Me
      Media
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eXp Realty, LLC

John Underwood Lic# 811076

+1(512) 294-8802 john@johnunderwoodaustin.com

9600 Great Hills Trl, Ste 150W, Austin, TX 78759, USA

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