1406 Summit Street

Austin, TX 78741

  • 6 Bed(s)
  • 4 Bath(s)
  • 2,292 Sqft
  • 0.26
    Acre(Lot)
$950,000

Description

Prime investment opportunity minutes from downtown austin! main house leased for 1 year starting july 1st.

located just minutes from downtown austin, this multi-unit income property offers outstanding rental revenue and future development potential. 3 successful units and a 3-year 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 short-term rentals with top ratings (4.8+), 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!

  • Property Type

    ResidentialIncome

  • Subdivision

    Elmhurst

  • County

    Travis

  • Style

    ResidentialIncome

  • AD ID

    50009469

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Property Details

  • Interior Features

    • SeparateFormalDiningRoom,EatInKitchen,HighSpeedInternet,MultipleDiningAreas,MainLevelPrimary,Storage
    • Roof: Shingle

    Roofing Information

    • Shingle

    Flooring Information

    • Tile,Wood

    Heating & Cooling

    • Heating: Central,VariesByUnit
    • Cooling:

  • Building Information

    • Year Built: 1938

    Exterior Features

    • PrivateEntrance,PrivateYard,RainGutters

  • Lot Information

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

    Property Information

    • Subdivision: Elmhurst

  • Tax Information

    • Annual Tax: $9561

  • Parking Information

    • OffStreet

  • 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
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BuyOwner last updated this listing 06/14/2025 @ 04:32

  • MLS: 3354867
  • LISTING PROVIDED COURTESY OF: Caitlin Sullivan, JBGoodwin REALTORS WL
  • SOURCE: ACTRIS

is a Home, with 6 bedrooms which is for sale, it has 2,292 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.