Welcome to 4408 Barrow Avenue, a rare multi-unit opportunity in Austin's sought-after Hyde Park neighborhood. This beautifully updated 1930s property blends timeless character with modern comfort and exceptional versatility, featuring two additional independent living spaces with private exterior entrances. Privately tucked just off E. 45th Street and backing to peaceful Waller Creek, the property is surrounded by mature trees, creating a tranquil setting in the heart of Central Austin. The main residence showcases original hardwood floors, abundant natural light, neutral finishes, and charming built-ins that preserve its historic character. The home features two spacious bedrooms, one full bathroom, a formal dining room with built-in shelving, and a kitchen with a breakfast nook, generous pantry, and adjacent laundry room. Two additional living spaces each offer a full bathroom and private exterior entrance. The larger unit is already plumbed for a full kitchen, creating excellent potential for a guest suite, multigenerational living, rental income, or private workspace. The second offers similar flexibility for additional living, studio, or office use. Buyers should independently verify intended uses and applicable city regulations. Outside, an expansive rear deck overlooks Waller Creek, offering a peaceful setting for relaxing, entertaining, and enjoying the surrounding nature. Minutes from The University of Texas, Downtown Austin, Mueller, Dell Medical School, and St. David's Medical Center, the property provides convenient access to dining, shopping, parks, entertainment, and major roadways. 4408 Barrow Avenue offers a distinctive combination of Hyde Park charm, Central Austin convenience, and multi-unit versatility.