Renovated Triplex with Detached
For Sale
$1,595,000
501 Carolyn Ave, Austin, TX 78705
Three updated residences include a duplex and a separate apartment over a detached garage.
Property Size2,880 SF
Days on Market103
Property Features for 501 Carolyn Ave
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
3
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$18,045
Amenities
landscaped grounds
shaded patios
Building Details
Building Size
2,880 SF
Year Built
1935
Year Renovated
2022
Buildings
2
Stories
2
Units
3
Construction
brick
Listing Agency:
(512) 788-0533
Listed By:
Mary Emma Partain
(512) 788-0533
Source:
Elliman
Added: May 20
Changed: Aug 29
Last Checked: Aug 29 at 4:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mary Emma Partain
Investment Insights
Based on property information with market context.
This 1935 triplex comprises an original brick duplex with two 2-bedroom, 1-bath units and a separate 1-bedroom, 1-bath apartment above a detached three-car garage. Each residence was renovated in 2022 with refreshed kitchens, quartz counters, stainless steel appliances, updated bathrooms, refinished hardwood flooring, improved lighting, new paint, and electrical upgrades. Period details remain, including woodwork, built-in buffets, hardwood floors, and faux fireplaces. The garage provides three bays, storage, and additional parking flexibility.
The property is located at 501 Carolyn Ave in Austin, within blocks of the University of Texas. Residents have walking and biking access to nearby coffee shops, restaurants, transit, and the stadium, with downtown and major thoroughfares readily accessible. Current leases are in place, supporting continued rental use across all three residences.
The property is located at 501 Carolyn Ave in Austin, within blocks of the University of Texas. Residents have walking and biking access to nearby coffee shops, restaurants, transit, and the stadium, with downtown and major thoroughfares readily accessible. Current leases are in place, supporting continued rental use across all three residences.
Key Highlights
- Three‑unit configuration: two 2‑bedroom, 1‑bath residences plus one 1‑bedroom, 1‑bath apartment
- All three units renovated in 2022
- Detached three‑car garage with storage and additional parking flexibility
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,644
Businesses Nearby
Explore this area
Business Placement
Demographics for 78705, TX
36,535
Population
12,519
Households
2.9
Avg Household Size
23
Median Age
80%
College-Educated
99%
High-School Grad
2.1 sq mi
ZIP Area
17,398
Density / Sq Mi
$30,336
Median Household Income
$10,994
Median Earnings
$1,520
Median Rent
$627,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three updated residences include a duplex and a separate apartment over a detached garage.
Where is this triplex located?
The property is located at 501 Carolyn Ave Austin, TX.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Three‑unit configuration: two 2‑bedroom, 1‑bath residences plus one 1‑bedroom, 1‑bath apartment; All three units renovated in 2022; Detached three‑car garage with storage and additional parking flexibility
