601 E Covington Dr #A & B, Austin, TX 78753
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: chris ricker
Office: landmark properties
MLS#:1420721
Source:ACTRIS
601 E Covington Dr #A & B,Austin, TX 78753
$550,000
- - Beds
- - Baths
- 1,223 sq. ft.
- Multi-family
- Active
Price summary
- Price:$550,000
- Price per sq. ft.:$449.71
About this home
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 functional 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...
Contact an agent
Home facts
- Year built:1969
- Subdivision & Development:Walnut Forest
- Listing ID #:1420721
- Updated:September 07, 2026 at 03:11 PM
Rooms and interior
- Flooring:Tile
- Kitchen Description:Dishwasher, Disposal, Free-Standing Gas Range, Refrigerator
- Living area:1,223 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1969
- Building area:1,223 sq. ft.
- Lot area:0.35 Acres
- Lot Features:Back Yard, Corner Lot, Front Yard, Trees-Large (Over 40 Ft)
- Construction Materials:Brick Veneer
- Exterior Features:Private Yard
- Foundation Description:Slab
Schools
- High school:Navarro Early College
- Elementary school:Walnut Creek
Utilities
- Water:Public
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$449.71
- Tax amount:$10,700 (2026)
Features and amenities
- Appliances:Dishwasher, Disposal, Free-Standing Gas Range, Refrigerator, Water Heater
Parking
- Total parking spaces:2
- Parking description:Carport
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