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1406 Summit Street, Austin TX 78741

$ 1,075,000
1406 Summit Street, Austin TX 78741, ,
Active
$ 1,075,000


MLS Area: 9
County:
MLS # 9601441

1406 Summit Street, Austin TX 78741, , TX 78741

About this property

Prime Investment Opportunity Minutes from Downtown Austin! ALL FURNITURE CONVEYS!

Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. Currently generating over $10,000/month with 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 of $10k/month, this is an opportunity you canโ€™t pass up!
-Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional unitsโ€”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. Donโ€™t miss this rare opportunity โ€“ schedule a tour today!

Basic Property Information

<strong>Dwelling Size - </strong> 2,292 ft2
From Public Records
<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 - 0
<strong>Bathrooms - </strong> 0
<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
Gutters Full
High Speed Internet
Multiple Dining Areas
Primary Bedroom on Main
Private Entrance
Private Yard
Refrigerator
Stackable W/D Connections
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,Shed(s),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 REALTORSยฎย  for the period 04/01/2025 through 04/01/2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORSยฎ, ACTRIS and their affiliates provide the MLS and all content therein โ€œAS ISโ€ and without any warranty, express or implied.

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