Active Listing  ·  78 days on market

1937 E 38th 1/2 St E #B

Austin, TX 78723
$744,999
4 Bed 4 Bath 2,169 sqft $343/sqft Built 2025 0.19 acres 2-Car Garage Pool New Construction Manorhill

OWNER FINANCING AVAILABLE AT A BETTER RATE. Beautiful three-story home with city views and Mueller Park site lines. Walk across the street to Mueller Park to enjoy the trails and all the amenities. This 4 bedroom 3.5 bath Modern Austin living is paired with immediate income potential in this thoughtfully designed property.

Inside, an open floorplan with white oak wood flooring throughout .The kitchen features quartzite counters, white shaker cabinetry, and an oversized seated island. Premium stainless steel appliances include a 36" gas range, dishwasher, refrigerator, microwave drawer and range hood. High ceilings, recessed lighting, built-in features, and central air run throughout the home. Each of the three bedrooms features high ceilings and ceiling fans, while the three and a half bathrooms are styled with double vanities, quartzite counters, tile floors, oversized soaking tub, and sleek hardware.

Outside, private balconies, a deck, and a covered patio overlook the downtown skyline on the west side sbd mueller park views to the east. The property includes an attached 2 car garage and concrete driveway, set within a walkable neighborhood. Within walking distance the neighborhood featuring coffee shops, quality restaurants and a brewpub w custom kolaches. Currently tenant occupied, this property will accommodate showings with 24-hour notice, and the tenant will move out when the buyer prefers to move in.

At $343/sqft, this home is 12% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1937 E 38th 1/2 St E #B, Austin, TX 78723

Property Details

Price $744,999
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,169 sqft
Lot Size 0.19 acres (8,180.57 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Manorhill
County Travis
Zip Code 78723
$/sqft $343/sqft
Days on Market ,
HOA $28/See Remarks
Annual Tax Est. $11,873
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT235563063
List Date August 26, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Maplewood · Kealing · McCallum

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 26, 2026 $798,000
Previous ask $749,000
Current ask $744,999
▼ Reduced $53,001 (-6.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2805 McCurdy St #7
Mueller
$749,000 $342 3 bd / 4 ba 2,189 sqft , 2026-11-05
1907 E 20th St
Johns C R
$725,000 $385 3 bd / 3 ba 1,882 sqft , 2026-09-15
1937 E 38th 1/2 St #A
Manorhill
$719,900 $354 3 bd / 4 ba 2,036 sqft , 2026-09-04
3921 Threadgill St
Mueller
$775,000 $436 3 bd / 3 ba 1,776 sqft , 2026-08-13
1410 Perez St #1
Chernosky 09
$779,000 $416 3 bd / 3 ba 1,874 sqft , 2026-09-29

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,576/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$149,000
20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$3,576
Principal + Interest−$4,066
Property Tax (assumed ~2.1%)−$1,304
Insurance (assumed ~0.5%)−$310
Est. Monthly Cash Flow $-2,104

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on October 16, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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