$899,000
1406 Summit Street, Austin, TX
2,292
Square feet
0.26
Acres
Prime Investment Opportunity Minutes from Downtown Austin! Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. 3 successful units and a 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 rentals, 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® # | 6389057 |
| Price | $899,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,292 |
| Acres | 0.26 |
| Year Built | 1938 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active Under Contract |
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 | Dishwasher, Refrigerator, Dryer, Free-Standing Gas Range, Washer |
| Heating | Central, Varies by Unit |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior Features | Rain Gutters, Private Entrance, Private Yard |
|---|---|
| Lot Description | Back Yard, Front Yard, Trees Large Size, Trees Medium Size |
| Roof | Shingle |
| Construction | Masonry, Wood Siding |
| Foundation | Slab, Pillar/Post/Pier |
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 |