It is a house that has been turned into a hostel type experience. Comfortable beds, clean environment, welcoming atmosphere. It checks the boxes on what you want in a hostel.
If you do not have a car, then please be aware that it is a little far from the action, so public transportation or Uber would be your best bet on those hot days when you don't want to walk a couple of miles.
Carlos is a great host who is very helpful with anything you may be curious about. He makes sure all guests have a comfortable stay and is an interesting guy to hang out with if you get the chance. I would stay here again if I were to come back through Austin.