501 Carolyn Ave Austin, TX 78705
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $553
Subdivision Harpers
MLS Listing ID 8986241
Style See Remarks,1st Floor Entry,2nd Floor Entry
Bedrooms 5
Full Baths 3
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 Single Family Residence
Source actris
Property Description
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
Area Ut
Rooms
Main Level Bedrooms 2
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 See Remarks, Living Room
Fireplace Y
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
Pool None
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
Accessibility None
Porch Patio
Total Parking Spaces 3
Private Pool No
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
Restrictions Deed Restrictions
Ownership Fee-Simple
Acceptable Financing Cash, Conventional
Tax Rate 2.0465
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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