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Active under contract
    • $1,595,000

    501 Carolyn Ave, Austin, TX 78705

    5beds
    2,880sqft
    : 
    $10,801/mo
    Get pre-qualified
    Single Family Residence
    Built in 1935
    8,672 Square Feet Lot
    $-- Zestimate®
    $554/sqft
    $-- HOA

    What's special

    Original brick duplexFresh paintRefreshed bathsHardwood floorsStainless appliancesBuilt-in buffetsQuartz countertops
    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!
    64 days
    |
    508
    |
    33
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mary Emma Partain (512) 788-0533,

    Compass RE Texas, LLC (512) 575-3644

    Source: Unlock MLS,MLS#: 8986241MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bedrooms: 2
      Primary bedroom
      • Description: The primary bedroom in the lower level duplex - "501 Carolyn"; Featuring a stylish updated chandelier and generous windows that infuse the space in warm natural light
      • Features: Chandelier, See Remarks
      • Level: Main
      Bedroom
      • Description: Primary bedroom in the upper level duplex - "501 1/2 Carolyn"; Featuring gorgeous wrap around windows and a stylish updated chandelier fixture
      • Features: Chandelier, See Remarks
      • Level: Upper
      Bedroom
      • Description: Secondary bedroom in the upper level duplex - "501 1/2 Carolyn"; Featuring an updated chandelier fixture and generous windows
      • Features: Chandelier, See Remarks
      • Level: Upper
      Bedroom
      • Description: The secondary bedroom in the the lower level duplex - "501 Carolyn"; Featuring a stylish chandelier and generous windows
      • Features: Chandelier, See Remarks
      • Level: Main
      Bedroom
      • Description: The bedroom in the apartment above the garage - "3403 Duval"; Featuring crown molding and an updated chandelier fixture plus excellent natural light through generous windows
      • Features: Chandelier, CRWN, See Remarks
      • Level: Upper
      Bathroom
      • Description: Full bathroom in the upper level duplex - "501 1/2 Carolyn"
      • Features: Full Bath, See Remarks
      • Level: Upper
      Bathroom
      • Description: Full bathroom in the the lower level duplex - "501 Carolyn"
      • Features: Full Bath, See Remarks
      • Level: Main
      Bathroom
      • Description: Full bathroom in the apartment above the garage - "3403 Duval"
      • Features: Full Bath, See Remarks
      • Level: Upper
      Dining room
      • Description: Open floor plan dining area in the apartment above the garage - "3403 Duval"; Featuring a stylish updated chandelier fixture, crown molding, and corner windows with peaceful treetop views
      • Features: Chandelier, CRWN, See Remarks
      • Level: Upper
      Dining room
      • Description: Dining room in the upper level duplex - "501 1/2 Carolyn"; Featuring gorgeous hardwoods, a modern chandelier, and exquisite built-ins; The dining room flows into the kitchen and living room and comes with a window with peaceful views
      • Features: Chandelier, See Remarks
      • Level: Upper
      Dining room
      • Description: Charming original dining room the lower level duplex - "501 Carolyn"; Featuring gorgeous hardwoods, a modern chandelier, and exquisite built-ins; The dining room flows into the kitchen and living room and comes with a window with peaceful yard views
      • Features: Chandelier, See Remarks
      • Level: Main
      Kitchen
      • Description: Kitchen in the lower level duplex - "501 Carolyn"; Featuring updated quartz countertops, stainless steel appliances, tile backsplash, stylish updated cabinetry, a window over the kitchen sink, and walkout access to the backyard
      • Features: Quartz Counters, See Remarks
      • Level: Main
      Kitchen
      • Description: The kitchen in the apartment above the garage - "3403 Duval"; Featuring updated quartz countertops, gorgeous updated cabinetry, a gas range with vent hood and dishwasher, open upper shelving, and a window over the sink
      • Features: Quartz Counters, CRWN, See Remarks
      • Level: Upper
      Kitchen
      • Description: Kitchen in the upper level duplex - "501 1/2 Carolyn"; Featuring Featuring updated quartz countertops, stainless steel appliances, tile backsplash, stylish updated cabinetry, a window over the kitchen sink, and walkout access to the back stairs
      • Features: Quartz Counters, See Remarks
      • Level: Upper
      Living room
      • Description: Living room in the upper level duplex - "501 1/2 Carolyn"; Featuring a charming faux fireplace, vintage built-ins and woodwork, and generous windows that bring in peaceful natural light
      • Features: Bookcases, Chandelier, See Remarks
      • Level: Upper
      Living room
      • Description: Bright and spacious living room in the apartment above the garage - "3403 Duval"; Featuring gorgeous hardwoods, crown molding, and excellent natural light
      • Features: CRWN, See Remarks
      • Level: Upper
      Living room
      • Description: Living room in the lower level duplex - "501 Carolyn"; Featuring vintage woodwork, hardwood floors, upgraded lighting, built-ins and excellent natural light from windows on both sides
      • Features: Bookcases, See Remarks
      • Level: Main
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Exhaust Fan, Gas Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked, Gas Water Heater
      Features
      • Bookcases, Built-in Features, Chandelier, Quartz Counters, Electric Dryer Hookup, No Interior Steps, Primary Bedroom on Main, Stackable W/D Connections, Washer Hookup
      • Flooring: Wood
      • Windows: See Remarks
      • Number of fireplaces: 2
      • Fireplace features: See Remarks, Living Room
      Interior area
      • Total interior livable area: 2,880 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Detached, Door-Multi, Driveway, Garage, Garage Faces Side
      • Garage spaces: 3
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Patio
      • Exterior features: See Remarks, Exterior Steps, Lighting, Private Yard
      • Pool features: None
      • Fencing: Fenced, Partial, Wood
      • Has view: Yes
      • View description: Neighborhood
      • Waterfront features: None
      Lot
      • Size: 8,672 Square Feet
      • Features: Back Yard, Corner Lot, Curbs, Front Yard, Landscaped, Level, Public Maintained Road, Trees-Medium (20 Ft - 40 Ft)
      Details
      • Additional structures: None
      • Parcel number: 501 Carolyn Ave (SFR Listing)
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Pillar/Post/Pier
      • Roof: Composition, Shingle
      Condition
      • Resale
      • New construction: No
      • Year built: 1935

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Internet-Cable, Natural Gas Available, Sewer Available, Water Available

      Community & HOA

      Community
      • Features: Curbs, Sidewalks
      • Subdivision: Harpers
      HOA
      • Has HOA: No
      Location
      • Region: Austin

      Financial & listing details

      • Price per square foot: $554/sqft
      • Tax assessed value: $734,816
      • Annual tax amount: $18,045
      • Date on market: 5/19/2026
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/15/2026Contingent$1,595,000$554/sqft
        Source: Unlock MLS #8986241 Report a problem
        5/18/2026Listed for sale$1,595,000+38.7%$554/sqft
        Source: Unlock MLS #9984932 Report a problem
        6/17/2025Listing removed$2,800$1/sqft
        Source: Unlock MLS #4979054 Report a problem
        6/9/2025Listed for rent$2,800+1.8%$1/sqft
        Source: Unlock MLS #4979054 Report a problem
        6/14/2023Listing removed--
        Source: Unlock MLS #2752310 Report a problem
        5/29/2023Listed for rent$2,750+10%$1/sqft
        Source: Unlock MLS #2752310 Report a problem
        8/16/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        8/15/2022Price change$2,500-49%$1/sqft
        Source: Zillow Rental Network Premium #5903094 Report a problem
        8/12/2022Listed for rent$4,900+164.9%$2/sqft
        Source: Zillow Rental Network Premium #5903094 Report a problem
        10/15/2021Listing removed--
        Source: Unlock MLS #1398767 Report a problem
        9/21/2021Pending sale$1,150,000$399/sqft
        Source: Unlock MLS #1398767 Report a problem
        9/16/2021Listed for sale$1,150,000$399/sqft
        Source: Unlock MLS #1398767 Report a problem
        2/25/2021Listing removed--
        Source: Owner Report a problem
        3/17/2020Listing removed$1,850$1/sqft
        Source: Owner Report a problem
        3/8/2020Listed for rent$1,850+5.7%$1/sqft
        Source: Owner Report a problem
        12/18/2019Listing removed$1,750$1/sqft
        Source: Owner Report a problem
        11/17/2019Listed for rent$1,750$1/sqft
        Source: Owner Report a problem
        7/21/2017Listing removed$1,750$1/sqft
        Source: Owner Report a problem
        6/21/2017Listed for rent$1,750$1/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$15,038 -14.5%$734,816 -17.2%
        2024$17,585 -19.5%$887,321 -26.5%
        2023$21,837 -13.1%$1,206,946 -5.1%
        2022$25,125 $1,272,196 +55.9%
        2021-- $815,993 +13.3%
        2020$16,043 +3.8%$720,500
        2019$15,454 +18.1%$720,500 -11.3%
        2018$13,090 $812,632 +37.4%
        2017$13,090 -5%$591,249 +2.8%
        2016$13,780 $575,000 +5.8%
        2015$13,780 $543,609 -6.1%
        2014$13,780 $579,043 +29.4%
        2013-- $447,519 +26.7%
        2012-- $353,142 +16.5%
        2011-- $303,075 -0.2%
        2010-- $303,603 -30.6%
        2009-- $437,339 +7.3%
        2007-- $407,730
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Hancock

        Getting around

        69 / 100
        Somewhat Walkable
        60 / 100
        Good Transit
        95 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lee
        • Middle: Kealing
        • High: McCallum
        • District: Austin ISD

        Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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