Active Under Contract

1406 Summit Street

Austin, TX 78741
Mark as Favorite
Bed 6

Bed

Bath 4

Bath

SqFt2,292

Sqft

Acres0.26

Acre(Lot)

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!

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $899,000

AD Id : 74737817

MLS Id : 6389057

Beds : 6

Lot Size : 0.26 Acre

Living Area Size : 2,292

Year Built : 1938

County : Travis

Subdivision: Elmhurst

  • Map Map

Map

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Feature Features

  • Interior Features

    SeparateFormalDiningRoom, EatInKitchen, HighSpeedInternet, MultipleDiningAreas, MainLevelPrimary, Storage
    Roof: Shingle
    Appliances: Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, Washer
    Laundry Features: LaundryRoom, WasherHookup, DryerHookup, Stacked
  • Heating & Cooling

    Heating: Central, VariesByUnit Has Cooling: Yes

  • Building Information

    Year Built: 1938
    Construction Materials: Masonry, WoodSiding
    Stories: 2
    Pool Features: None
    Private Pool: No
    Water front Features: None
    View: City
  • Exterior Features

    Exterior Features: PrivateEntrance, PrivateYard, RainGutters

  • Lot Information

    Main Square Feet: 0.26 Lot Size Acres: 0.26 Lot Description: BackYard,FrontYard,TreesLargeSize,TreesMediumSize

    Property Information

    Subdivision: Elmhurst Source Property Type: ResidentialIncome Property SubType: Triplex Direction Faces: East Levels: Two Property Age: 88

  • Listing Price Information

    Listing Price: $899000
    Cash, Conventional

  • Tax Information

    Parcel Number: 1406 Summit St Tax Lot: 1-2 Tax Year: 2021 Annual Tax: $9561 Tax Legal Desc: N 66 FT X 160 FT AV OF LOT 1-2 LESS NE 5X52.6' LT 1 + S8.39X47.75'&7.66X18.11' OF LOT 5-6 ELMHURST

  • School Information

    Elementary School: Travis Hts Junior High School: Lively Senior High School: Travis
  • Utility Information

    ElectricityConnected, NaturalGasConnected, PhoneAvailable
  • Location Information

    Direction: From Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit WaterSource: Public
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Nearby Home Value

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1904 Valley Hill Circle, Austin, TX, 78741 $550,000 4 4 1,950 1,950 SqFt
2315 Burleson Road, Austin, TX, 78741 $499,000 4 2 1,830 1,830 SqFt
2800 Burleson Road, Austin, TX, 78741 $499,500 5 3 1,905 1,905 SqFt
3001 Catalina Drive, Austin, TX, 78741 $549,900 5 2 1,850 1,850 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/05/2026 @ 11:00

MLS: 6389057 LISTED BY: Caitlin Sullivan, JBGoodwin REALTORS WL 512-502-7601 SOURCE: ACTRIS

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