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SOLD
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$995,000

Last List Price

607 Bellevue PL, Austin, TX 78705

2,071

sqft

0.16

acres

Duplex

About This Home

Now is a great time to elevate your investment portfolio with 607 Bellevue Place, a duplex strategically located in Austin's Hancock neighborhood, directly next to the University of Texas. Perfectly positioned for investors with both Unit A and Unit B generating $2,800 per month each, yielding a total of $5,600 monthly rental income. After accounting for a 30% expense ratio, the net operating income (NOI) is approximately $3,920 per month or $47,040 annually. The value of 607 Bellevue as an investment is unparalleled due to its proximity to UT, ensuring perpetual demand. This property is already leased through July of 2026, with the current rental prices reflecting this commitment. With projections of rental increases between 5-10% dependent on school enrollment trends, the investment potential here is not just in current income but in future value appreciation. This is your sign to learn about why student housing investing is one of the most predictable returns you will find in the industry.

Listings checked every few minutes. MLS# 7797584 was Last Updated: 04-11-2025.

Listed by Tony Lazarov, Resavvy LLC (512) 762-8669

Buyer Represented by Wafiq Alalawi, Compass RE Texas, LLC (512) 626-6488

Neighborhood

Assigned Schools

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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 Hancock neighborhood like?

Hancock is a historic Central Austin neighborhood located near 41st Street and Red River Street, directly north of the University of Texas campus. One of Austin's oldest residential areas, the neighborhood dates to the late 1800s and early 1900s, with a housing stock that includes Craftsman bungalows, Victorian cottages, early 20th-century four-squares, and mid-century ranch homes — a streetscape that reflects more than a century of Austin's architectural history.

Explore Hancock

What employers are near 607 Bellevue PL?

  • University of Texas at Austin (Higher Education)
  • Seton Medical Center (Healthcare)
  • State of Texas (Government)

How does this property compare to others in Hancock?

607 Bellevue PL is listed at $995K vs. the $329K median in Hancock. The neighborhood average is $459/sqft. Homes in Hancock average 89 days on market.

MetricHancock
Median List Price$329K
Median Sold Price$688K
Average Days on Market89
Average Price per Sqft$459
Active Listings27

Market data as of May 2026.

Frequently Asked Questions

How much is 607 Bellevue PL?

607 Bellevue PL is listed for $995,000. It features 2,071 square feet, 0.163 acres. Built in 1956.

What neighborhood is 607 Bellevue PL in?

607 Bellevue PL is located in the Hancock neighborhood of Austin, Texas.

How does 607 Bellevue PL compare to other homes in Hancock?

The asking price of $995,000 is 202.4% higher than the median home price of $329K in Hancock. At $480/sqft, it compares to the neighborhood average of $459/sqft.

What are the details of 607 Bellevue PL?

607 Bellevue PL was built in 1956, and sits on 0.163 acres of land, and is a duplex style home.