$950,000

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! Main house leased through 8/31/26. 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. ($2950/monthly earnings) -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. (~$1800/monthly earnings) -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. (~$1800/monthly earnings) -High Income Potential: All three units are currently rentals, 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

MLS® # 6246192
Price $950,000
Bedrooms 6
Bathrooms 4
Square Footage 2,292
Acres 0.26
Year Built 1938
Type Residential
Status Active

Community Information

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

Interior

Stories 2

School Information

District Austin ISD
Elementary Travis Hts
Middle Lively
High Travis

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?