Austin, TX 78751 207 W 39th St

Ideal "House Hack" or Investment Opportunity in Prime Hyde Park Location. Walkable to so many things: Rare chance to own three detached homes on a generous city lot with alley access, all within walking distance to the UT campus and nestled in the charming Hyde Park Historic District. The property was originally platted with 3 separate lots - inquire with City about future development potential! Re-zone the property for more density or some alternate use - office, live-work, Microschool, the possibilities are endless! Or shorter term, live in one unit and rent out the other two. Includes: Main Home: 3-bedroom 2 bath charming cottage on 39th street. Leased 8/1/25-1/31/26 at $2995/mo. Good opportunity to owner-occupy after 1/31/26. Unit A (behind the main home): 1-bedroom 1 bath unit - currently leased 8/1/25-7/31/26 at a *low* rate of $1175. This unit has leased in the past for over $1900/month. Inquire with agent for details, it's a cute and updated 1BR unit with separate kitchen and living room. Unit B (behind Unit A, towards the back of the lot): 4 bedroom 2 bath unit also accessible from the back alley. Leased 8/1/25-7/31/26 at $2500/mo (this unit has also leased closer to $3000/mo in the past). All units have a strong, consistent rental history with a total rental income potential of approx. $7900 (current rental total is $6670/month but the property has previously rented for $7900/moth total). Management/ownership just missed the pre-lease UT window this past leasing season. All leases will term out at better times going forward - the primary "Main" home could be leased or owner-occupied after current tenant lease expires on 1/31/26, while keeping the other units fully occupied and on the UT leasing calendar season. Plenty of off-street parking and private yard space add to the appeal for both owner-occupants and tenants. Whether you're looking to offset your mortgage, build equity, or invest smartly in a walkable, high-demand neighborhood.