$675,000

Property Overview

This 1922 Craftsman on 35th Street in Hyde Park generates immediate income while offering authentic period character and genuine renovation upside. The detached guest house on the property commands $1,500 monthly from a seven-year tenant, providing $18,000 in annual cash flow that substantially offsets ownership costs. The main residence features original hardwood floors, soaring ceilings, a wood-burning fireplace, and authentic Craftsman details throughout its 1,463 square feet—architectural elements simply unavailable in new construction. A fully detached layout with private alley access to the guest quarters creates true separation of uses.

Located on one of North University's most charming tree-lined streets, this property sits steps from Hancock Golf Course, the celebrated Hyde Park Bar & Grill, First Light Books, and within walking distance to the UT campus. The neighborhood's strong community character and Victorian streetscape have made it consistently desirable for both owner-occupants and investors. At $461 per square foot—11% above area median—the pricing reflects both the income-generating component and the opportunity to substantially increase value through thoughtful updates.

The bones are authentic and sound; the guest house provides immediate financial returns. This is a rare position where you occupy Craftsman charm while building equity in one of Austin's most established neighborhoods.

Vox Real Estate Insight

Vox Residential recognizes this as a sophisticated investment play dressed in historic charm—few Hyde Park listings offer genuine dual-income potential combined with the appreciation trajectory of a neighborhood where renovated homes consistently exceed the area median. The seven-year tenant relationship and proven rental history make this an unusually low-friction entry into Austin's desirable central neighborhoods.

Agent Description

A Hyde Park-area home where the backyard pays part of your mortgage. The detached guest house at 307 E 35th St generates $1,500/month, with the same reliable tenant for seven years, while you live in an original 1922 Craftsman on one of North University's prettiest tree-lined streets. That's $18,000 a year in income, walking distance to UT, Hancock Golf Course, Hyde Park Bar & Grill, and First Light Books, minutes from Downtown and Mueller. The main house is a 2-bedroom, 1-bath with original hardwoods, high ceilings, a fireplace, and the kind of Craftsman detail you cannot buy new. It's priced for its condition: the bones and character are here, and it's ready for your updates. Bring your vision and build equity in a neighborhood where renovated homes command significantly more. The guest house (kitchenette, full bath, lofted sleeping area) has private alley access and its own off-street parking. Though titled as a condominium, this is a fully detached home with no shared walls, a private fenced backyard, and no HOA fees. Owner-occupy the whole property, house-hack with the guest house income, or hold both as rentals. Three ways to win in one of Austin's most enduring neighborhoods.

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 $461/sqft, this listing is priced 11% above the Hyde Park median of $417/sqft.

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