Date
Details
Price
Change
Source
5/19/2026
Listed
$1,595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Tucked into one of Central Austin's most consistently in-demand pockets, this tastefully renovated 1935 Hyde Park triplex delivers the kind of flexibility and rentability that rarely hits the market. Live in one unit and let the others offset the mortgage, lease all three for a strong long-term hold, or secure a prime asset steps from UT in a neighborhood where vacancy barely has time to exist. The property includes the original brick duplex with two units each featuring 2 bedrooms and 1 bathroom, plus a separate 1 bedroom, 1 bathroom apartment above the detached three-car garage. All three units were renovated in 2022 with updated kitchens, quartz countertops, stainless appliances, refreshed baths, refinished hardwoods, upgraded lighting, fresh paint, and electrical improvements, while the soul of the 1930s still shows up in all the right places: vintage woodwork, built-in buffets, hardwood floors, and charming faux fireplaces. Current leases generate immediate income with strong rental history and lease terms already in place, making this a true plug-and-play investment in one of Austin's most proven rental corridors. The detached garage adds rare utility with three bays, storage, and additional parking flexibility, while the landscaped grounds, shaded patios, and walkable location create serious tenant appeal. Set just blocks from the University of Texas, this location puts residents within easy biking and walking distance to Hyde Park favorites, coffee shops, restaurants, transit, and the stadium, with quick access to downtown and major thoroughfares. For investors, students, professionals, UT faculty, or anyone looking to own a high-demand piece of Central Austin, this one lands in a category all its own. Contact the listing agent to schedule a tour today!
Full Property Details
Full Property Details for 501 Carolyn Ave
General
- Price: $1,595,000
- Taxes: $18,045 (2026)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 8986241
- Updated: 5/19/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Bookcases, Built-in Features, Chandelier, Main Level Primary, No Interior Steps, Quartz Counters
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Living Room, See Remarks
- Appliances: Washer/Dryer Stacked, Dishwasher, Exhaust Fan, Disposal, Gas Range, Gas Water Heater, Refrigerator, Stainless Steel Appliance(s)
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
- Bedrooms Main: 2
Other Rooms
- Laundry: Laundry Closet, Washer Hookup, Dryer Hookup, ElectricDryer Hookup, Stacked
Additional Information
- Shared Amenities: Sidewalks, Curbs
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Exterior Steps, Lighting, Private Yard, See Remarks
- Porch/Patio/Deck: Patio
Parking
- Garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Total Spaces: 3
- Parking Features: Door-Multi, Driveway, Detached, Garage, Garage Faces Side
Location
- Area: UT
- County: Travis
- Subdivision: Harpers
- Driving Directions: From I-35, exit 236 toward Dean Keeton/32nd-38 1/2 Sts. Head west on Dean Keeton St. Turn right onto San Jacinto Blvd. Turn right onto Duval St. Turn right onto Carolyn Ave. Home will be on the corner on the right.
- Direction Faces: Northeast
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Lee
- Middle School: Kealing
- High School: McCallum
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition, Shingle
- Windows: See Remarks
- Stories/Levels: 2
- Square Feet: 2,880
- Sq. Ft. Source: Public Records
- Living Area: 2,880 Sq. Ft.
- Year Built: 1935
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1991
- Lot Size (Sq. Ft.): 8,672.8
- Sidewalks: Yes
- Fence: Yes
- Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Level, Trees Medium Size
- Fencing (Description): Fenced, Partial, Wood
Financial Considerations
- Assessment Amount: $734,816
- Tax Amount: $18,045.47
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Disclosure(s)
- Legal Description: LOT 10 *& W 9.67' LOT 9 BLK 1 OLT 7-8 DIV C HARPERS SUBD
- Disclosures/Reports: Lead Based Paint Disclosure, Seller Disclosure
- Property ID: 501 Carolyn Ave (SFR Listing)
- Block: 1
- Lot Number: 10
Listed by Compass RE Texas, LLC
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Listing agent
— 501 Carolyn Ave —
Compass RE Texas, LLC
(512) 788-0533
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 501 Carolyn Ave
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Lee Elementary School, Austin, TX 3308 Hampton Road, Austin, TX 78705 | K-6 | 0.3 mi |
Kealing Middle School 1607 Pennsylvania Avenue, Austin, TX 78702 | 6-8 | 1.8 mi |
Mccallum High School 5600 Sunshine Drive, Austin, TX 78756 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 Carolyn Ave
Tax History
Tax History for 501 Carolyn Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,038
-14%
$734,816
-17%
2024
$17,585
-30%
$887,321
-26%
2022
$25,125
—
$1,206,946
-5%
2022
$25,125
41%
$1,272,196
56%
2021
$17,762
11%
$815,993
13%
2020
$16,043
4%
$720,500
—
2020
$15,454
-13%
$720,500
-11%
2018
$17,850
39%
$812,632
37%
2016
$12,823
-11%
$591,249
3%
2017
$14,335
15%
$575,000
6%
2015
$12,482
13%
$543,609
-6%
2013
$11,023
—
$579,043
29%
2013
$11,023
—
$447,519
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 Carolyn Ave
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501 Carolyn Ave, Austin, TX 78705 (MLS# 8986241) is a Single Family property with 5 bedrooms and 3 full bathrooms. 501 Carolyn Ave is currently listed for $1,595,000 and was received on May 19, 2026. Want to learn more about 501 Carolyn Ave? Do you have questions about finding other Single Family real estate for sale in Central Austin? You can browse all Central Austin real estate or contact a Coldwell Banker agent to request more information.