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504 E 38th 1/2 ST Located just steps from the historic Hancock Golf Course and some of Austin鈥檚 most beloved eateries, this unique property offers incredible flexibility, charm, and investment potential. Situated on a 10, 890 sq ft lot with alley access, you'll find three separate 1 bed / 1 bath homes, each with its own kitchen and living space. The back cottage, thoughtfully rebuilt in 2014, is quiet and cozy with a private fenced yard. It features modern finishes, including granite countertops, solid bamboo flooring, vaulted ceilings, and natural light. This updated home also includes a tankless gas water heater, central HVAC, washer/dryer, dishwasher, refrigerator, and more鈥攑erfect for an owner-occupant or as a high-demand rental. The two front cottages are full of charm, maintaining their original hardwood floors and vintage character. Both homes are equipped with European-style combo washer/dryers for convenience. Parking is a breeze with a 2-car carport in front and alley-accessed parking for the back house. The incredible location is a 1/2 block to Hancock Golf Course, jogging trails, and beloved neighborhood spots like Asti, Vino Vino, Hyde Park Bar & Grill, and just minutes to UT and downtown Austin.