Active Listing  ·  41 days on market

200 W 40th St

Austin, TX 78751
$1,595,000
4 Bed 3 Bath 2,771 sqft $576/sqft Built 1922 0.14 acres Pool Hyde Park Add 02

Beautiful 1922 Colonial Revival home in the heart of Hyde Park. Fresh paint and recent updates- ready for move-in! Main residence is two stories with a flexible floor plan featuring 3-4 bedrooms, 3 baths, 2 living, plus private guest quarters/apartment with 1 bedroom, 1 bath (separately metered and currently leased $1,450/mo). Fabulous updated kitchen with center island, custom cabinets, stainless appliances. Many interesting architectural details including antique central staircase, stained glass, hardwood floors, original fireplace, expansive upstairs sunroom with wonderful birdseye view of the neighborhood. Great outdoor spaces, covered porches, spacious deck in tree-shaded backyard, corner lot with alley access. Located within the Hyde Park Historic District. Very walkable location with many nearby neighborhood attractions- restaurants, shopping, Shipe Park & Pool. Zoned to Lee Elementary.

At $576/sqft, this home is priced 47% above the Austin active market average of $391/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 $1,595,000
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 $576/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.

Schedule a Call →

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
360 Nueces St #3702
Residential Condo Amd 360
$1,595,000 $775 4 bd / 3 ba 2,057 sqft , 2026-06-12
6213 Edwards Mountain Cv
Edwards Mountain
$1,595,000 $482 4 bd / 4 ba 3,307 sqft , 2026-06-24
8512 Rockwood Ln
Northtowne Sec 01
$1,595,000 $559 4 bd / 4 ba 2,853 sqft , 2026-07-30
4804 Eck Ln
L & P Prop
$1,598,000 $464 5 bd / 4 ba 3,444 sqft , 2026-07-21
3138 Chisholm Trl
Apache Shores 01 Instl
$1,599,000 $437 5 bd / 4 ba 3,658 sqft , 2026-07-06

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
$7,656/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
$319,000
20% conventional investment loan

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

Estimated Gross Rent+$7,656
Principal + Interest−$8,705
Property Tax (~2.1% TX avg)−$2,791
Insurance (~0.5%)−$665
Est. Monthly Cash Flow $-4,505

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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