$1,150,000

1406 Summit Street, Austin, TX

6

Beds

4

Baths

2,292

Square feet

0.26

Acres

Charming Home with 2 Income-Generating ADUs, Just Minutes from Downtown Austin! This unique property combines a spacious main house with two income-generating accessory dwelling units (ADUs), located just minutes from downtown Austin and Lady Bird Lake. Whether you're looking to live in the main house and generate rental income or host guests, this property offers great flexibility and the opportunity to offset mortgage costs significantly. 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. -Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential. Set on an 11,325 sq ft lot, this property offers the perfect balance of immediate comfort and future possibilities. Live in the main house while enjoying reliable rental income from the ADUs, or explore the potential for expansion in Austin's rapidly growing market. Whether you're an owner-occupant or looking to maximize rental income, this property provides the best of both worlds. Don’t miss out—schedule a tour today and discover all the potential this property has to offer!

Facts & Features

ListingFeed abor
MLS® # 7968644
Price $1,150,000
Bedrooms 6
Bathrooms 4.00
Full Baths 4
Square Footage 2,292
Acres 0.26
Year Built 1938
Type Residential
Sub-Type Other
Status Active

Community Information

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

Amenities

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

Interior

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

Exterior

Exterior Features None
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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