Active Listing  ·  90 days on market

200 W 40th St

Austin, TX 78751
$1,495,000
4 Bed 3 Bath 2,771 sqft $540/sqft Built 1922 0.14 acres Pool Hyde Park Add 02

A rare opportunity in the heart of Hyde Park, this beautiful 1922 Colonial Revival home with separate apartment combines historic character, modern updates, and exceptional flexibility. Set on a prominent corner lot in the Hyde Park Historic District, the freshly painted, move-in-ready main residence offers 3–4 bedrooms, 3 baths, 2 living areas, and a thoughtful two-story layout ideal for everyday living, working from home, or hosting guests. The updated kitchen features a center island, custom cabinetry, and stainless-steel appliances, while timeless details—including an antique central staircase, stained glass windows, gleaming hardwood floors, an original fireplace, and an expansive upstairs sunroom with bird’s-eye neighborhood views—add warmth and distinction. A separately metered 1-bedroom, 1-bath guest apartment, currently leased for $1,450/month, provides attractive rental income or the option to expand the home’s living space. Outside, covered porches, a spacious backyard deck, mature shade trees, and alley access create inviting spaces for relaxing or entertaining. Enjoy a highly walkable Hyde Park lifestyle close to restaurants, shopping, Shipe Park & Pool, with zoning to Lee Elementary.

At $540/sqft, this home is priced 38% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

200 W 40th St, Austin, TX 78751

Property Details

Price $1,495,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,771 sqft
Lot Size 0.14 acres (6,237.79 sqft)
Year Built 1922
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hyde Park Add 02
County Travis
Zip Code 78751
$/sqft $540/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,902.78
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237247388
List Date June 24, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
School District ,

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 · June 24, 2026 $1,595,000
Current ask $1,495,000
Reduced $100,000 (-6.3%) 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
4418 Red River St #1
Ridgetop Annex
$1,450,000 $770 4 bd / 4 ba 1,884 sqft , 2026-02-26
708 Sparks Ave
Harris Park Add
$1,599,000 $562 4 bd / 4 ba 2,847 sqft , 2026-02-20
3200 Harris Park Ave
Carrolls L W
$1,350,000 $699 4 bd / 2 ba 1,930 sqft , 2026-06-29
3907 Bailey Ln
Dunn
$1,645,000 $603 4 bd / 4 ba 2,727 sqft , 2026-05-14
4214 Sinclair Ave
Rosedale D
$1,295,500 $689 3 bd / 2 ba 1,879 sqft , 2026-07-10

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
$7,176/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
$299,000
20% conventional investment loan

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

Estimated Gross Rent+$7,176
Principal + Interest−$8,159
Property Tax (~2.1% TX avg)−$2,616
Insurance (~0.5%)−$623
Est. Monthly Cash Flow $-4,222

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 →

Neighborhood Context

About Hyde Park

Hyde Park is the neighborhood that defined what Austin neighborhoods could be. Developed in the 1890s as one of Austin's first streetcar suburbs, it has maintained its historic character - tree-lined streets, craftsman bungalows, Victorian cottages - while staying one of the most livable and walkable parts of the city.

The neighborhood sits north of UT Austin between Guadalupe Street and Duval, roughly from 38th to 51st Street. Its proximity to the university brings energy and walkability, and the Guadalupe "Drag" corridor offers coffee shops, restaurants, and bookstores steps from most homes.

🏘️
Architecture

One of Austin's best collections of historic homes - craftsman bungalows, Victorian cottages, and mid-century ranches that have survived Austin's development waves intact.

🚶
Walkability

Walk Score of 85. Coffee, restaurants, parks, and the UT campus are all within walking distance. One of the few Austin neighborhoods where you can genuinely live without a car for day-to-day needs.

🌿
Shipe Park

The neighborhood's anchor green space - pool, tennis courts, and a community hub that hosts farmers markets and neighborhood events.

📚
UT Proximity

5-minute drive or 20-minute walk to UT's campus. Great for faculty, staff, and graduate students; also adds long-term rental investment potential for owners.

Full Hyde Park Guide →

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 · 30 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. This page was last updated on September 13, 2026.

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