1406 Summit Street, Austin TX 78741
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About This Property
Prime Investment Opportunity Minutes from Downtown Austin!
Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. 3 successful units and a 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, 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!
Features
- Eat-in Kitchen
- High Speed Internet
- Multiple Dining Areas
- Primary Bedroom on Main
- Stackable W/D Connections
Location
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Listing History
| Jan 28, 2026 | Listed | Listing Courtesy of JBGoodwin REALTORS WL - caitlinsullivan@jbgoodwin.com | $899,000 |
Frequently Asked Questions About 1406 Summit Street, Austin TX 78741
When was 1406 Summit Street, Austin TX 78741 built?
1406 Summit Street, Austin TX 78741 was built in 1938.
How much does 1406 Summit Street, Austin TX 78741 cost?
1406 Summit Street, Austin TX 78741 is listed for sale at $899,000. That is $392 per square foot.
What school district is 1406 Summit Street, Austin TX 78741 in?
1406 Summit Street, Austin TX 78741 is in the Austin ISD school district. Assigned schools include Travis Hts (elementary), Lively (middle), Travis (high school).
What are the property taxes on 1406 Summit Street, Austin TX 78741?
The annual property taxes on 1406 Summit Street, Austin TX 78741 are $9,561 (as of 2021).
How big is the lot at 1406 Summit Street, Austin TX 78741?
The lot at 1406 Summit Street, Austin TX 78741 is 0.26 acres, and the home has 2,292 square feet of living space.
What type of property is 1406 Summit Street, Austin TX 78741?
1406 Summit Street, Austin TX 78741 is a residential income property.
What subdivision is 1406 Summit Street, Austin TX 78741 in?
1406 Summit Street, Austin TX 78741 is located in the Elmhurst subdivision in Austin, TX.
How long was 1406 Summit Street, Austin TX 78741 on the market?
1406 Summit Street, Austin TX 78741 was on the market for 2 days, listed on January 28, 2026.
What heating and cooling does 1406 Summit Street, Austin TX 78741 have?
1406 Summit Street, Austin TX 78741 has central, varies by unit heating and central air, varies by unit cooling.
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