401 W Live Oak St, Austin, TX 78704
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: alexa kanelos
Office: compass re texas, llc.
MLS#:8687427
Source:ACTRIS
401 W Live Oak St,Austin, TX 78704
$1,180,000
- - Beds
- - Baths
- 2,533 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,180,000
- Price per sq. ft.:$465.85
About this home
Rare 3-unit income-producing and redevelopment opportunity in the desirable Bouldin area of 78704, minutes from Downtown Austin! Situated on an approximately 8,612 SF (.198-acre) corner lot in prime Central Austin, this property generates approximately $6,600/month ($79,200 annually) in current gross rental income per seller, across three separate units - an exceptional opportunity for an investor, owner-occupant, or builder.
UNIT MIX:
Main House: +/-1,104 SF, 2BR/2BA, renovated 2021
Unit A (Rear Building, Upper): +/-660 SF, 2BR/1BA, large porch screened in 2021, washer/dryer, updated HVAC - leased to long-term tenants in place approximately 10 years
Unit B (Rear Building, Lower): +/-660 SF including storage area, 1BR/1BA, furnished, washer/dryer - currently operated as a short-term rental (STR)
Each rear unit has its own private entrance and access to the gated yard. All three units are currently occupied; rent roll and lease details available upon request. Owner pays utilities. Parking for up to 7 vehicles. STR potential for the other units is subject to buyer verification of applicable city regulations, permitting, and requirements. SF per Travis CAD; approximate, buyer to verify.
Income from day one, with clear value-add upside: Unit A's interior has not been updated, presenting an opportunity to renovate and potentially increase rental income, and the storage area may be converted to expand Unit B's living space, subject to buyer verification of permitting. 2021 Main House updates include a remodeled bathroom, refinished original hardwood floors, fresh paint, new refrigerator, and foam insulation in the walls and under the house. Updated windows throughout.
Investment paths: hold as a stabilized income-producing asset, renovate Unit A and expand Unit B to increase rents, or pursue redevelopment. The corner lot may support redevelopment into up to three separate residences, subject to buyer verification of zoning....
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Home facts
- Year built:1954
- Subdivision & Development:Shelton Willie I
- Listing ID #:8687427
- Updated:October 21, 2026 at 03:49 PM
Rooms and interior
- Flooring:Tile, Wood
- Kitchen Description:Dishwasher, Free-Standing Electric Range, Free-Standing Gas Range, Free-Standing Refrigerator
- Living area:2,533 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Membrane, Shingle
- Year built:1954
- Building area:2,533 sq. ft.
- Lot area:0.2 Acres
- Lot Features:Back Yard, Corner Lot, Front Yard, Level
- Construction Materials:HardiPlank Type, Stone
- Exterior Features:Private Entrance, Private Yard
- Foundation Description:Slab
Schools
- High school:Travis
- Elementary school:Travis Hts
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,180,000
- Price per sq. ft.:$465.85
- Tax amount:$14,687 (2026)
Features and amenities
- Appliances:Dishwasher, Free-Standing Electric Range, Free-Standing Gas Range, Free-Standing Refrigerator, Washer/Dryer, Water Heater
- Laundry features:Washer/Dryer
Parking
- Total parking spaces:7
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