$1,200,000

Property Overview

This 1938 Hyde Park gem at 811 46th Street combines historic character with modern income potential in one of Austin's most desirable neighborhoods. The main residence features four bedrooms, three bathrooms, and 2,364 square feet of thoughtfully designed space that honors the home's original architectural details while offering contemporary comfort. Original woodwork and built-ins frame the interiors, while abundant windows flood rooms with natural light. The updated kitchen flows seamlessly into living spaces, and a primary suite on the main level provides convenient access to a second living area, creating flexibility for multi-generational living or guest accommodations.

The property generates immediate cash flow through a detached garage apartment with alley access, while the large backyard deck nestled under mature trees offers a private retreat. The two-car garage supports the residence's functionality, and the detached efficiency unit presents meaningful upside potential for those seeking additional income or guest housing options. At $508 per square foot, the home sits above the Hyde Park median, reflecting its investment versatility and proximity to UT Campus alongside the neighborhood's renowned tree-lined streets and established community character.

Vox Residential Insight

We're seeing strong investor interest in Hyde Park properties that offer both owner-occupied living and immediate rental income, and 811 46th Street delivers on both fronts with its efficient floor plan and existing efficiency unit. The combination of historic appeal, proven income stream, and neighborhood stability makes this an exceptional value for buyers looking to live in one of Austin's most established neighborhoods while building equity through a secondary revenue source.

Agent Description

Own a piece of Hyde Park that balances historic soul with modern functionality. This 4-bedroom, 2.5-bath residence is designed for those who value both lifestyle and long-term strategy. The main level features a primary suite, a second living area, a half bath, laundry, and an updated kitchen that flows naturally into the home’s shared spaces, ideal for daily living and hosting. Original woodwork and classic built-ins preserve the neighborhood’s identity, while expansive windows keep the interior bright and open. Upstairs, three additional bedrooms and a full bath provide separation and functionality. Beyond the main home, the property offers a detached two-car garage with an upper-level apartment that was once a functioning efficiency. This space provides immediate optionality, a private office, guest suite, or rental unit to offset carrying costs. With income potential already in place and the flexibility to move in or continue leasing, this is a rare opportunity to secure a Hyde Park property while maintaining control of both lifestyle and financial upside.

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 $508/sqft, this listing is priced 20% above the Hyde Park median of $422/sqft.

Property Details

Listing data last updated: May 19, 2026

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