Active Listing  ·  12 days on market

601 E 43rd St

Austin, TX 78751
$825,000
1,355 sqft $609/sqft Built 1950 0.16 acres 2-Car Garage Pool Hancock

This 1950s bungalow, a reimagined duplex poised on a prominent corner lot, serves as a timeless gateway to the soulful, historic essence of Hyde Park. The experience begins on the inviting front porch—a quintessential vantage point for soaking in the neighborhood’s celebrated "front porch culture" and the rhythmic beauty of life in one of the city's most storied enclaves. A car-free lifestyle is effortless here, with vibrant local restaurants and boutiques just steps away among the mature, tree-lined streets. Inside, two thoughtfully renovated 1-bedroom, 1-bathroom units radiate "Old Austin" sophistication while preserving the home’s original architectural heartbeat. The sun-drenched interiors are highlighted by elegant windows that illuminate hardwood floors, crisp crown moldings, and the soft, graceful curves of classic arched doorways. The layout offers incredible versatility, whether you choose to live in one side while generating income from the other, or maintain the entire property as a refined investment. For those looking to expand, the property holds immense potential to add a second story or even create a third unit within or above the garage. Adding to the functional allure is a massive, detached two-car garage that offers abundant storage space alongside a dedicated, enclosed office that opens directly to the backyard-a serene retreat for creative work or quiet focus. This property offers a rare opportunity to own a piece of Austin history with loads of future potential, perfectly positioned within the Lee, Kealing, and McCallum school zones. With quick access to the University of Texas and Hyde Park classics like Shipe Park just minutes from your doorstep, you are never far from the best of the city. When weekend errands call, Central Market and the Hancock Center HEB are equally convenient. A Hyde Park classic just waiting for its next story to be written. Both units are currently leased - Unit A ($1790, through 10/21/2027) - Unit B (MTM@$1975)

At $609/sqft, this home is priced 56% 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

601 E 43rd St, Austin, TX 78751

Property Details

Price $825,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area 1,355 sqft
Lot Size 0.16 acres (7,100.28 sqft)
Year Built 1950
Garage 2 spaces
Stories ,
Type Residential Income · Duplex
Subdivision Hancock
County Travis
Zip Code 78751
$/sqft $609/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,395
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248418272
List Date October 12, 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 →

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
$3,960/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
$165,000
20% conventional investment loan

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

Estimated Gross Rent+$3,960
Principal + Interest−$4,502
Property Tax (~2.1% TX avg)−$1,444
Insurance (~0.5%)−$344
Est. Monthly Cash Flow $-2,330

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 14, 2026.

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