$950,000

1406 Summit Street, Austin, TX

2,292

Square feet

0.26

Acres

Prime Investment Opportunity Minutes from Downtown Austin! Main house leased for 1 year starting July 1st. Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. 3 successful units and a 3-year proven income history, this property is a must-see for investors or buyers looking to offset mortgage costs! Key Features: -Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants. -Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living. -ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income. -ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat. -High Income Potential: All three units are currently short-term rentals with top ratings (4.8+), providing a steady stream of income. With 3 years of proven revenue, this is an opportunity you can’t pass up! -Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential. Feasibility study has been completed and can be shared with interested buyers. Whether you're looking for a high-performing rental property or a site for future multi-family development, this location offers both immediate returns and long-term potential. Don’t miss this rare opportunity – schedule a tour today!

Facts & Features

ListingFeed abor
MLS® # 3354867
Price $950,000
Bathrooms 0.00
Square Footage 2,292
Acres 0.26
Year Built 1938
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 1406 Summit Street
Subdivision Elmhurst
City Austin
County Travis
State TX
Zip Code 78741

Amenities

Utilities Electricity Connected, Natural Gas Connected, Phone Available
Features None
Parking Off Street
View City
Is Waterfront No
Waterfront None
Has Pool No

Interior

Interior Tile, Wood
Appliances Dryer, Dishwasher, Free-Standing Gas Range, Refrigerator, Washer
Heating Central, Varies by Unit
Fireplace No
# of Stories 2
Stories Two

Exterior

Exterior Features Private Entrance, Private Yard, Rain Gutters
Lot Description Back Yard, Front Yard, Trees Large Size, Trees Medium Size
Roof Shingle
Construction Masonry, Wood Siding
Foundation Pillar/Post/Pier, Slab

School Information

District Austin ISD
Elementary Travis Hts
Middle Lively
High Travis

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No
Contact Details (512) 502-7601

Listing Map

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