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1303 1/2 Hillside Ave
About This Property
Thoughtfully restored and reimagined by acclaimed Austin architecture firm Alterstudio, this landmark 1927 property on Hillside Avenue is one of Travis Heights' most distinctive offerings. Blending historic soul with refined modern design, this residence sits just a short stroll from the boutique shops, acclaimed restaurants, and beloved neighborhood energy of South Congress Avenue with easy access to Little Stacy Park, Big Stacy Pool, and the scenic Lady Bird Lake hike-and-bike trail.
The Main Residence is a 4 bed, 3 bath home that was meticulously renovated by Alterstudio in 2012. The original character was well preserved while integrating clean contemporary lines, thoughtful material choices, and an intentional connection between indoor and outdoor living.
The Guest House, built in 2025, offers a completely self-contained retreat with its own kitchenette, dedicated office, private bedroom, and full bathroom. This is ideal for visiting family, long-term guests, or income-producing short-term rental potential in one of Austin's most walkable and desirable neighborhoods.
Outside, a custom pool anchors the outdoor living space, surrounded by lush, low-maintenance native landscaping. A two-car carport with EV charging completes the picture.
Properties like this, with genuine architectural pedigree, a multi-structure compound layout, and a Travis Heights address this close to SoCo, simply don't come to market often.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2026 | Listed by Gottesman Residential R.E. | $2,995,000 | |
| Listed by Gottesman Residential R.E. | |||
| Aug 10, 2018 | No longer available | - | |
| No longer available | |||
| May 15, 2018 | Listed | $1,570,000 | |
| Listed | |||
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The manager has listed the unit size as 2250 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017