1406 Summit Street
Austin, TX 78741
Map
- – beds
- – baths
- 2,292 sqft
- 11,325 sqft lot
- $414 per sqft
- 1938 build
- – on site
Prime Investment Opportunity Minutes from Downtown Austin! Main house leased for 1 year starting July 1st. Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. 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, 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!
Last checked:
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Last updated Jun 7, 2025
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MLS# 3354867 —
The Building
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Year Built:1938
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New Construction:false
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Roof:Shingle
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Foundation:Pillar/Post/Pier
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Exterior Features:Full Gutters
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Accessibility Features:None
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Patio And Porch Features:Covered
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Window Features:None
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Levels:Two
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Direction Faces:East
Interior
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Interior Features:Eat-in Kitchen
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Room Type:Primary Bedroom
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Flooring:Tile
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Laundry Location:Laundry Room
Room Dimensions
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Living Area:2292
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Living Area Source:Public Records
Financial & Terms
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Restrictions:None
Location
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Latitude:30.242499
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Longitude:-97.731196
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Directions:From Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit
The Property
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Property Type:Residential Income
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Subtype:Triplex
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Parcel Number:1406 Summit St
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Property Condition:Resale
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Other Structures:Guest House
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Lot Features:Back Yard
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Lot Size Acres:0.26
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Lot Size Area:0 Sqft
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Lot Size SqFt:11,325 Sqft
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SqFt Total:1,908 Sqft
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View:Downtown
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Waterfront:false
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Waterfront Features:None
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Horse:false
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Fencing:Back Yard
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FEMA Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (802) 233-1185
- Office phone:
- (512) 502-7601
Taxes
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Tax Annual Amount:$9,561
The Listing
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Special Listing Conditions:Standard
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Listing Terms:Cash
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Occupant Type:Tenant
Heating & Cooling
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Heating:Central
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Cooling:Central Air
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
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Water Source:Public
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Electric On Property:true
Appliances
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Appliances:Dishwasher
Schools
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Elementary School:Travis Hts
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Elementary School District:Austin ISD
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Middle School:Lively
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Middle School District:Austin ISD
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High School:Travis
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High School District:Austin ISD
The Community
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Subdivision Name:Elmhurst
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Community Features:None
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Pool Features:None
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Pets Allowed:Negotiable
Parking
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Parking Features:Off-Street
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Garage:false
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Attached Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
