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$575,000

Last List Price

4515 Avenue B Ave, Austin, TX 78751

2

beds

2

baths

1,473

sqft

0.18

acres

Single Family Residence

About This Home

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!

Listings checked every few minutes. MLS# 4608358 was Last Updated: 07-28-2025.

Listed by Todd Burgener, Douglas Elliman Real Estate (512) 743-0201

Buyer Represented by Steffi Hummon, Central Metro Realty (512) 771-4112

Neighborhood

Assigned Schools

Comments

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Listing courtesy of Unlock MLS as distributed by MLS Grid. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed accurate by MLS Grid or Unlock MLS.

What is the Hyde Park neighborhood like?

Hyde Park is a historic residential neighborhood in central Austin, Texas, bounded roughly by Guadalupe Street to the west, 38th Street to the south, Duval Street to the east, and 45th Street to the north. Established in 1891 by developer Monroe M. Shipe as a streetcar suburb, Hyde Park is recognized as Austin's first planned suburb. The neighborhood was listed on the National Register of Historic Places in 1990, and Austin City Council designated most of Hyde Park south of 45th Street as the Hyde Park Local Historic District in December 2010. The built environment includes Victorian-era cottages, Craftsman bungalows, Tudor Revival homes, and more recent duplex infill, reflecting over 130 years of residential construction. Streets are laid out in a grid, and the neighborhood's proximity to the University of Texas campus, located approximately one mile south, has influenced its demographics and character since its founding.

Explore Hyde Park

What employers are near 4515 Avenue B Ave?

  • University of Texas at Austin (Higher Education)
  • State of Texas (Government)
  • Dell Medical School / Dell Seton Medical Center (Healthcare & Research)

How does this property compare to others in Hyde Park?

4515 Avenue B Ave is listed at $575K vs. the $655K median in Hyde Park. The neighborhood average is $455/sqft. Homes in Hyde Park average 64 days on market.

MetricHyde Park
Median List Price$655K
Median Sold Price$695K
Average Days on Market64
Average Price per Sqft$455
Active Listings32

Market data as of May 2026.

Frequently Asked Questions

How much is 4515 Avenue B Ave?

4515 Avenue B Ave is listed for $575,000. It features 2 bedrooms, 2 bathrooms, 1,473 square feet, 0.1797 acres. Built in 1937.

What neighborhood is 4515 Avenue B Ave in?

4515 Avenue B Ave is located in the Hyde Park neighborhood of Austin, Texas.

How does 4515 Avenue B Ave compare to other homes in Hyde Park?

The asking price of $575,000 is 12.1% lower than the median home price of $655K in Hyde Park. At $390/sqft, it compares to the neighborhood average of $455/sqft.

What are the details of 4515 Avenue B Ave?

4515 Avenue B Ave was built in 1937, and sits on 0.1797 acres of land, and is a single family residence style home.