Ideal "House Hack" or Investment Opportunity in Prime Hyde Park Location. Walkable to so many things: Rare chance to own three detached homes on a generous city lot with alley access, all within walking distance to the UT campus and nestled in the charming Hyde Park Historic District. The property was originally platted with 3 separate lots - inquire with City about future development potential! Re-zone the property for more density or some alternate use - office, live-work, Microschool, the possibilities are endless! Or shorter term, live in one unit and rent out the other two. Includes: Main Home: 3-bedroom 2 bath charming cottage on 39th street. Leased 8/1/25-1/31/26 at $2995/mo. Good opportunity to owner-occupy after 1/31/26. Unit A (behind the main home): 1-bedroom 1 bath unit - currently leased 8/1/25-7/31/26 at a *low* rate of $1175. This unit has leased in the past for over $1900/month. Inquire with agent for details, it's a cute and updated 1BR unit with separate kitchen and living room. Unit B (behind Unit A, towards the back of the lot): 4 bedroom 2 bath unit also accessible from the back alley. Leased 8/1/25-7/31/26 at $2500/mo (this unit has also leased closer to $3000/mo in the past). All units have a strong, consistent rental history with a total rental income potential of approx. $7900 (current rental total is $6670/month but the property has previously rented for $7900/moth total). Management/ownership just missed the pre-lease UT window this past leasing season. All leases will term out at better times going forward - the primary "Main" home could be leased or owner-occupied after current tenant lease expires on 1/31/26, while keeping the other units fully occupied and on the UT leasing calendar season. Plenty of off-street parking and private yard space add to the appeal for both owner-occupants and tenants. Whether you're looking to offset your mortgage, build equity, or invest smartly in a walkable, high-demand neighborhood.
Active
Price cut: $20K (8/1)
$1,275,000
207 W 39th St, Austin, TX 78751
8beds
3,353sqft
Est.:
Single Family Residence
Built in 1940
0.33 Acres Lot
$1,177,200 Zestimate®
$380/sqft
$-- HOA
What's special
Charming front cottageAmple off-street parkingOwn yard space
- 110 days
- on Zillow |
- 413 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 04:17am
Listed by:
Sean Kubicek (512) 480-0848,
Moreland Properties (512) 480-0848
Source: Unlock MLS,MLS#: 8276507

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
- Main level bedrooms: 3
Primary bedroom
- Features: None
- Level: Main
Primary bathroom
- Features: None
- Level: Main
Other
- Features: See Remarks
- Level: Main
Other
- Features: See Remarks
- Level: Main
Kitchen
- Features: Dining Area
- Level: Main
Heating
- None
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Free-Standing Range
Features
- Built-in Features, Primary Bedroom on Main
- Flooring: Carpet, Tile, Vinyl, Wood
- Windows: See Remarks, Blinds
Interior area
- Total interior livable area: 3,353 sqft
Video & virtual tour
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: None
- Pool features: None
- Fencing: Chain Link, Partial, Privacy, Wood
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 0.33 Acres
- Dimensions: 75 x 190
- Features: Level
Details
- Additional structures: None
- Parcel number: 0219050709000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Pillar/Post/Pier, Slab
- Roof: See Remarks
Condition
- Resale
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: None
- Subdivision: Hyde Park Addn No 2
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $380/sqft
- Tax assessed value: $1,067,229
- Annual tax amount: $21,150
- Date on market: 4/15/2025
- Listing terms: Cash,Conventional,1031 Exchange,VA Loan
- Electric utility on property: Yes
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