Rare Investment Opportunity in Hyde Park – Historic Charm, Prime Location, Endless Potential. Located in the heart of one of Austin’s most desirable and iconic neighborhoods, this unique Hyde Park property offers an exceptional opportunity for investors, builders, or visionary homeowners. Hyde Park is beloved for its historic homes, walkable streets, and unbeatable central location. Just minutes to Downtown Austin, the University of Texas campus, Central Market, Mueller, and all the shopping, dining, and cultural hotspots that make Austin truly one-of-a-kind. Originally built in 1937 and relocated from Pemberton Heights to its current site in 1990, this charming bungalow carries a rich history and sits on a deep, flat lot with tremendous upside potential. Owned by the same individual since the move, the home has been well cared for, with a new HVAC system installed in 2019 and a water heater replaced in 2014. Many of the original materials and features remain intact, offering an authentic vintage aesthetic that could be restored or reimagined. The 7,828 sq ft lot provides ample space for redevelopment. Zoned SF-3, the property presents multiple exit strategies and possibilities for investors. Renovate and Restore: Bring the existing home back to life with modern updates while preserving its original character. Tear Down and Rebuild: Take advantage of the large, flat lot to design and build a brand-new single-family home or a house + guest house configuration. Land Bank or Hold: With inventory still tight in central Austin and long-term appreciation potential strong, this is an excellent candidate to hold and develop at a future date. Lots of opportunities here for the amazing lot in Hyde Park!
Pending
$575,000
4515 Avenue B, Austin, TX 78751
2beds
1,473sqft
Est.:
Single Family Residence
Built in 1937
7,827.73 Square Feet Lot
$-- Zestimate®
$390/sqft
$-- HOA
What's special
Charming bungalowAmazing lotDeep flat lot
- 16 days
- on Zillow |
- 837 |
- 76 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: June 26, 2025 at 07:14am
Listed by:
Todd Burgener (512) 743-0201,
Douglas Elliman Real Estate (512) 866-3795
Source: Unlock MLS,MLS#: 4608358

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Disposal, Dryer, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
Features
- None
- Flooring: Tile, Wood
- Windows: Wood Frames
- Number of fireplaces: 1
- Fireplace features: Den
Interior area
- Total interior livable area: 1,473 sqft
Property
Parking
- Parking features: Driveway, Off Street
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch
- Exterior features: None
- Pool features: None
- Fencing: Back Yard, Fenced, Wood
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 7,827.73 Square Feet
- Features: Back Yard, Interior Lot, Level, Private
Details
- Additional structures: None
- Parcel number: 02220701330000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Pillar/Post/Pier
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
Community & HOA
Community
- Features: See Remarks
- Subdivision: Hyde Park Annex
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $390/sqft
- Tax assessed value: $750,575
- Annual tax amount: $13,689
- Date on market: 6/23/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
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