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516 E 40th St

Austin, TX 78751
  • $1,500,000
  • STATUS: Active Under Contract
  • ID#: 2871159
Under Contract
UPDATED: 81 min ago
$1,500,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1972
County:
Area:

School Ratings & Info

Property listed by John C Sheppard of Austin Home Source: (512) 472-4663.

Description

***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.

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© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-24T09:59:46.403.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2025-03-24T09:59:46.403 (date and time MLS GRID Data was obtained). 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. Click here for MLS GRID DMCA Notice
www.efirsttexas.com/homes/156850814
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516 E 40th St Austin, TX 78751

  • Price: $1,500,000
  • Status: Active Under Contract
  • On Site: Days
  • Updated: 81 min ago
  • ID#: 2871159
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1972
Built
Neighborhood:
Oaklawn Add
County:
Travis
Area:
Austin
Property Description
***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 Features

Attached Garage YN No Bays 10 Foundation Details Slab Garage YN No Other Structures None Parking Features AsphaltOutside Stories Total 2 View Creek/StreamGolf Course Waterfront YN No

Interior Features

Building Area Total 3960 Cooling Central Air Flooring Laminate Heating Central

Property Features

Accessibility Features None Additional Parcels YN No Building Features Appliances Current Use InvestmentMulti-Family Estimated Taxes 26509 Fema Flood Plain No Horse YN No Listing Terms CashConventional1031 Exchange New Construction YN No Property Attached YN Yes Property Condition Resale Property Sub Type Apartment Sewer Public Sewer Special Listing Conditions See Remarks Utilities Above GroundCable ConnectedElectricity ConnectedInternet-CableNatural Gas Connected Water Source Public



© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-24T09:59:46.403.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2025-03-24T09:59:46.403 (date and time MLS GRID Data was obtained). 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. Click here for MLS GRID DMCA Notice
 
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First Texas Brokerage Company
80 South Main Street
Salado TX, 76571
Property listed by John C Sheppard of Austin Home Source: (512) 472-4663.