1406 Summit Street, Austin, TX 78741
Local realty services provided by:Better Homes and Gardens Real Estate Hometown
Listed by:caitlin sullivan
Office:jbgoodwin realtors wl
MLS#:3354867
Source:ACTRIS
1406 Summit Street,Austin, TX 78741
$950,000
- - Beds
- - Baths
- 2,292 sq. ft.
- Multi-family
- Active
Price summary
- Price:$950,000
- Price per sq. ft.:$414.49
About this home
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 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!
Contact an agent
Home facts
- Year built:1938
- Listing ID #:3354867
- Updated:October 03, 2025 at 03:40 PM
Rooms and interior
- Living area:2,292 sq. ft.
Heating and cooling
- Cooling:Central, Varies by Unit
- Heating:Central, Varies by Unit
Structure and exterior
- Roof:Shingle
- Year built:1938
- Building area:2,292 sq. ft.
Schools
- High school:Travis
- Elementary school:Travis Hts
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$414.49
- Tax amount:$9,561 (2021)
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