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