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3,960
square ft

516 E 40th St
Austin, Texas 78751

Closed / MLS #2871159 / Multiple Family / Austin
Listing information updated 4/4/2025 at 8:27am
***Call for Offers! Recent price adjustment to $1.5m!!!*** Rare investment opportunity in the heart of Austin's sought-after Hyde Park neighborhood! Located just a "chip shot" away from the 8th green at Hancock Golf Course, Texas' oldest golf course, this 10-unit apartment complex offers prime real estate in one of the city's most historic and desirable areas. With its close proximity to St. David's Hospital, the University of Texas Law School, and DKR Memorial Stadium, the property boasts exceptional rental potential and the convenience of being in a vibrant, growing community. Hyde Park's charm is evident in its tree-lined streets, eclectic atmosphere, and access to local restaurants, shops, and cultural attractions. The complex consists of 10 well-maintained units 2 storage rooms, and a washer/dryer that provide additional income, providing the perfect opportunity for investors looking to capitalize on Austin's dynamic rental market. Whether you're looking to expand your portfolio or seek long-term growth in a neighborhood with a rich history and prime location, this property is an ideal choice. Don't miss out on this exceptional investment opportunity in one of Austin's most coveted locations. Check out attachments for additional info.
Exterior Type:
Masonry - All Sides
Water Front:
No
Square Feet:
3,960
Lot Size:
0.164 Acres
Acreage:
0.164
Built:
1972
Parking Spaces:
10
Cooling System:
Central Air
Stories:
2
Current Use:
Investment, Multi-Family
Additional Information:
(512) 472-4663
Rentable Square Feet:
3,960
Building Square Feet:
3,960
Current Net Income:
$45,138
Tax Amount:
N/A
Tax Year:
2023
Zip Code:
78751
City:
Austin
County:
Travis

Listing Office: Austin Home Source

Agent Contact Information: (512) 472-4663

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Unlock MLS as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/4/2025 at 8:27am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Austin

Austin, TX

As the Live Music Capital of the World®, Austin beckons with its vibrant culture, diverse dining scene, and dynamic outdoor experiences. From historic districts adorned with repurposed homes turned trendy shops to modern developments seamlessly blending with architectural heritage, Austin offers a...
$763,494
Average Sale Price
81
Average Days On The Market
92%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 516 E 40th St, Austin, TX 78751

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516 E 40th St, Austin, TX 78751 is a multiple family which sold for . This multiple family has been listed on Christie’s International Real Estate @properties lone star since October 17th, 2024 and was built in 1972.