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1406 Summit ST, Austin TX 78741

$ 1,150,000
1406 Summit ST, Austin TX 78741, ,
Active
$ 1,150,000


MLS Area: 9
County:
MLS # 7968644

1406 Summit ST, Austin TX 78741, , TX 78741

About this property

Charming Home with 2 Income-Generating ADUs, Just Minutes from Downtown Austin! ALL FURNITURE CONVEYS!
This unique property combines a spacious main house with two income-generating accessory dwelling units (ADUs), located just minutes from downtown Austin and Lady Bird Lake. Whether you’re looking to live in the main house and generate rental income or host guests, this property offers great flexibility and the opportunity to offset mortgage costs significantly.

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.
-Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential.

Set on an 11,325 sq ft lot, this property offers the perfect balance of immediate comfort and future possibilities. Live in the main house while enjoying reliable rental income from the ADUs, or explore the potential for expansion in Austin’s rapidly growing market.

Whether you’re an owner-occupant or looking to maximize rental income, this property provides the best of both worlds. Don’t miss out—schedule a tour today and discover all the potential this property has to offer!

Basic Property Information

<strong>Dwelling Size - </strong> 2,292 ft2
From Multiple Dwelling
<strong>Year Built - </strong> 1938
<strong>Stories - </strong> Two
<strong>Foundation - </strong> Pillar/Post/Pier,Slab
<strong>Garage - </strong> 0
Off Street
<strong>Roof - </strong> Shingle
<strong>Lot Size Acres - </strong> 0.26
<strong>Waterfront Features - </strong> None
Bedrooms - 6
<strong>Main Level Bedrooms - </strong> 5
<strong>Bathrooms - </strong> 4
<strong>Full - </strong> 4
<strong>Half - </strong> 0
<strong>Living Rooms - </strong> 1
<strong>Dining Rooms - </strong> 1
<strong>Fireplaces - </strong> 0
<strong>Pool on Property- </strong> None

School District

<strong>School District - </strong> Austin ISD
<strong>Elementary - </strong> Travis Hts
<strong>Middle - </strong> Lively
<strong>Senior High - </strong> Travis

Home Owners Association

Amenities and Features

Other Features
Dishwasher
Eat-in Kitchen
Electrical Utility Available
Free-Standing Gas Range
Multiple Dining Areas
None
Primary Bedroom on Main
Refrigerator
Washer/Dryer

Utilities

Heating: Central,Varies by Unit
Cooling: Central Air,Varies by Unit
Electricity Connected,Natural Gas Connected,Phone Available

Sewer: Public Sewer
Water: Public

Additional Details

<strong>Faces - </strong> East
<strong>Flooring - </strong> Tile,Wood
<strong>View - </strong> Downtown
<strong>Lot Features - </strong> Back Yard,Front Yard,Trees-Large (Over 40 Ft),Trees-Medium (20 Ft - 40 Ft)
<strong>Sellers Representative - </strong> JBGoodwin REALTORS WL
(512) 502-7601
<strong>Other Structures - </strong> Guest House,See Remarks
<strong>Accessibility Features - </strong> None
<strong>Community Features - </strong> None

Walk Score

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

Based on information from the Austin Board of REALTORS®  for the period 02/22/2025 through 02/22/2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.

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