Active

516 E 40th ST

Austin TX, 78751

$1,600,000


$404.04 per sqft

Active

3,960 sqft

Commercial

Built in 1972

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. Schedule a tour today!

2871159

MLS ID

October 17, 2024

Listed

January 7, 2025

Updated

Map

516 E 40th ST
Austin TX, 78751

Interior Features

Total Stories

2


Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.16 Acres


Sewer

Public Sewer

Other Property Details

Area Name

4


Garage

No


Parking

Asphalt, Outside


View

No


View Description

None


County

Travis


Water Source

Public


Pool

No

Listing History

Date

Event

Price

1/7/2025

Price change

$1,600,000

-3%

12/28/2024

Price change

$1,640,000

-3%

12/17/2024

Price change

$1,690,000

-2%

12/14/2024

Price change

$1,720,000

-2%

12/3/2024

Price change

$1,750,000

-3%

11/22/2024

Price change

$1,800,000

-8%

11/18/2024

Price change

$1,950,000

-1%

11/15/2024

Price change

$1,960,000

-2%

10/17/2024

Price change

$2,000,000

-10%

Courtesy of Austin Home Source

Listing Contact: (512) 472-4663

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Clay Lake shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2025 (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

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Database last updated 11:48 PM UTC, 1/7/2025

 

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