$1,495,000

Property Overview

This 1922 Colonial Revival residence on 40th Street anchors a corner lot in Hyde Park's most coveted historic district, offering both primary living and a separately metered guest apartment generating $1,450 monthly income. The main home's thoughtfully updated kitchen features custom cabinetry and stainless appliances, while original character shines through antique hardwood floors, stained glass windows, and a striking central staircase. Three living areas and flexible bedroom configurations accommodate modern family life, culminating in an expansive upstairs sunroom with sweeping neighborhood views and access to tree-shaded outdoor spaces including covered porches and a generous deck.

The property's walkability defines Hyde Park living—tree-lined streets connect residents to beloved local restaurants, independent shops, and Shipe Park within minutes. Fresh paint and strategic renovations position the home for immediate occupancy while preserving the architectural integrity that makes this Austin TX neighborhood distinctive. At $540 per square foot on 2,771 square feet, this listing reflects the premium placed on Historic District properties and established community character that continues to appreciate.

Vox Real Estate Insight

This is a rare offering where you're buying both a primary residence and an established income stream in one of Austin TX's most stable neighborhoods. The separate guest quarters with independent utilities and existing lease make this particularly attractive for buyers seeking long-term value in Hyde Park's historically protected landscape.

Agent Description

A rare opportunity in the heart of Hyde Park, this beautiful 1922 Colonial Revival home with separate apartment combines historic character, modern updates, and exceptional flexibility. Set on a prominent corner lot in the Hyde Park Historic District, the freshly painted, move-in-ready main residence offers 3–4 bedrooms, 3 baths, 2 living areas, and a thoughtful two-story layout ideal for everyday living, working from home, or hosting guests. The updated kitchen features a center island, custom cabinetry, and stainless-steel appliances, while timeless details—including an antique central staircase, stained glass windows, gleaming hardwood floors, an original fireplace, and an expansive upstairs sunroom with bird’s-eye neighborhood views—add warmth and distinction. A separately metered 1-bedroom, 1-bath guest apartment, currently leased for $1,450/month, provides attractive rental income or the option to expand the home’s living space. Outside, covered porches, a spacious backyard deck, mature shade trees, and alley access create inviting spaces for relaxing or entertaining. Enjoy a highly walkable Hyde Park lifestyle close to restaurants, shopping, Shipe Park & Pool, with zoning to Lee Elementary.

Neighborhood: Hyde Park

This property is located in Hyde Park, Austin, TX. The area is known for Historic Victorian Homes, Strong Community, Local Restaurants, Tree-Lined Streets, Near UT Campus.

At $540/sqft, this listing is priced 31% above the Hyde Park median of $413/sqft.

Property Details

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Exterior & Lot

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