Active Listing  ·  15 days on market

833 E 38th St

Austin, TX 78705
$1,399,000
4 Bed 4 Bath 3,294 sqft $425/sqft Built 1964 0.28 acres 2-Car Garage Pool Beau Site

Opportunity to own a beautifully maintained mid-century modern home in the highly desirable Hancock neighborhood, zoned to the coveted Lee Elementary and ideally located directly across from Hancock Golf Course and just minutes from the best of Central Austin. The thoughtfully designed layout is perfect for entertaining and features a large theater/media room downstairs, offering an incredible space for movie nights, game days, or showcasing a personal collection. The two-car garage is heated/cooled and was previously used as a large office space. Outside, enjoy your own private retreat with a swimming pool and hot tub. The location is truly exceptional, with H-E-B and the Commodore Perry Estate both within walking distance, the University of Texas just one mile away, and convenient access to the UT bus line and downtown. St. David's Medical Center is also nearby. Walk to the beloved Hyde Park hub (Asti, Fresh Plus, Curra's, Julio's, Antonelli's Cheese Shop, Quack's Bakery). The home is zoned to Lee Elementary, and Lamar Middle School and McCallum High School, both known for their Fine Arts programs. The property has been nicely updated while retaining its distinctive mid-century mod character, and a new metal roof was installed in 2025. Previously home to an extensive collection of vintage and rare movie posters and comic books, the residence offers a unique history and personality you won't find in newer construction. There is also a reported, though unverified, connection to renowned Austin builder A.D. Stenger. With its exceptional location, flexible entertaining spaces, pool and hot tub, and unmistakable character, this Hancock home is a truly special Central Austin opportunity.

At $425/sqft, this home is priced 8% 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

833 E 38th St, Austin, TX 78705

Property Details

Price $1,399,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,294 sqft
Lot Size 0.28 acres (12,310.06 sqft)
Year Built 1964
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Beau Site
County Travis
Zip Code 78705
$/sqft $425/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $23,966.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245251537
List Date September 23, 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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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
1016 E 43rd St
Country Club Terrace
$1,275,000 $537 4 bd / 3 ba 2,376 sqft , 2026-07-20
3711 Cedar St
Buddington
$1,125,000 $447 4 bd / 4 ba 2,515 sqft , 2026-01-06
3907 Becker Ave
Country Club Heights
$1,075,000 $411 4 bd / 3 ba 2,614 sqft , 2026-09-04
4606 Evans Ave
Staehely
$1,875,000 $559 5 bd / 5 ba 3,353 sqft , 2026-06-05

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
$6,715/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
$279,800
20% conventional investment loan

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

Estimated Gross Rent+$6,715
Principal + Interest−$7,635
Property Tax (~2.1% TX avg)−$2,448
Insurance (~0.5%)−$583
Est. Monthly Cash Flow $-3,951

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 · 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 October 6, 2026.

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