601 E Covington Drive #A B, Austin, Texas image 1
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601 E Covington Drive #A B

Austin, TX 78753
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$550,000 $2,318/Mo
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Bed 4

Bed

Bath 2

Bath

SqFt1,223

Sqft

Acres0.35

Acre(Lot)

Excellent North Austin income-producing investment opportunity with strong cash flow and long-term appreciation potential. Owned by the same owner for more than 20 years and professionally maintained throughout that time, this beautifully renovated duplex sits on an oversized approximately 0.34-acre corner lot in a predominantly single-family neighborhood. The property features two spacious 2-bedroom, 1-bath units with modern updates and consistent rental demand. Each unit features durable, tenant-friendly finishes including wood-plank porcelain tile flooring throughout (no carpet), granite countertops, modern lighting, and upgraded Samsung stainless-steel appliances. Large living areas with floor-to-ceiling brick fireplaces add character, while converted garage spaces provide additional f unctional square footage ideal for a home office, game room, studio, or secondary living area. Both units include private fenced backyards with patio space, mature oak trees, and ample shade. A new cedar fence installed in 2025 enhances privacy and outdoor appeal. The oversized corner lot is a rare feature for a duplex and adds significant long-term land value. Major capital improvements include a full roof replacement in 2024. The property currently generates approximately $42,600 in annual gross rental income, providing immediate cash flow with future rent-growth potential. Conveniently located near major roadways, employment centers, shopping, and dining, this turnkey duplex offers investors a compelling combination of established ownership, professional maintenance, current income, recent improvements, and long-term appreciation potential. Owner/agent Chris Ricker /w Landmark Properties

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $550,000

AD Id : 90892476

MLS Id : 1420721

Beds : 4

Lot Size : 0.35 Acre

Living Area Size : 1,223

Year Built : 1969

County : Travis

Subdivision: Walnut Forest

  • Map Map

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Feature Features

  • Interior Features

    BeamedCeilings, BreakfastBar, OpenBeamsBeamedCeailings, CeilingFans, CathedralCeilings, GraniteCounters, MainLevelPrimary, RecessedLighting
    Roof: Composition
    Appliances: Dishwasher, FreeStandingGasRange, Disposal, GasWaterHeater, Refrigerator
    Laundry Features: LaundryRoom, WasherHookup, ElectricDryerHookup, GasDryerHookup

  • Heating & Cooling

    Heating: Central, NaturalGas Has Cooling: Yes

  • Building Information

    Year Built: 1969
    Construction Materials: BrickVeneer
    Stories: 1
    Pool Features: None
    Private Pool: No
    Water front Features: None
    View: None

  • Exterior Features

    Exterior Features: PrivateYard

  • Lot Information

    Lot Dimensions: 105 x 140 Main Square Feet: 0.3452 Lot Size Acres: 0.3452 Lot Description: BackYard,CornerLot,FrontYard,TreesLargeSize

    Property Information

    Subdivision: Walnut Forest Source Property Type: ResidentialIncome Property SubType: Duplex Direction Faces: West Levels: One Property Age: 57

  • Listing Price Information

    Listing Price: $550000
    Cash, Conventional, FHA, FannieMae, LenderApproval, VaLoan

  • Tax Information

    Parcel Number: 02502319040000 Tax Lot: 44 Tax Year: 2026 Annual Tax: $10700.01 Tax Legal Desc: LOT 44 WALNUT FOREST

  • School Information

    Elementary School: Walnut Creek Junior High School: Dobie (Austin ISD) Senior High School: Navarro Early College

  • Utility Information

    ElectricityAvailable, NaturalGasAvailable

  • Location Information

    Direction: From I-35,Go W.on Braker 1 blk,Rt.on Oakwood,Rt.E.Covington WaterSource: Public
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1105 Ash Cove, Austin, TX, 78753 $394,900 4 4 2,456 0.31 Acre
9809 Aberdeen Way, Austin, TX, 78753 $450,000 6 4 2,132 0.20 Acre

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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 09/02/2026 @ 01:46

MLS: 1420721 LISTED BY: Chris Ricker, Landmark Properties 512-255-8873 SOURCE: ACTRIS

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