1406 Summit Street
- $899,000
- 2292 SQ. Feet, 0.26 Acres Residential Income Austin, TX 78741
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!
Essential Information
- MLS® #6389057
- Price$899,000
- Bathrooms0.00
- Square Footage2,292
- Acres0.26
- Year Built1938
- TypeResidential Income
- Sub-TypeTriplex
- StatusActive Under Contract
Community Information
- Address1406 Summit Street
- SubdivisionElmhurst
- CityAustin
- CountyTravis
- StateTX
- Zip Code78741
Amenities
- FeaturesNone
- ParkingOff Street
- ViewCity
- WaterfrontNone
Utilities
Electricity Connected, Natural Gas Connected, Phone Available
Interior
- InteriorTile, Wood
- HeatingCentral, Varies by Unit
- CoolingCentral Air, Varies by Unit
- # of Stories2
- StoriesTwo
Appliances
Dryer, Dishwasher, Free-Standing Gas Range, Refrigerator, Washer
Exterior
- WindowsNone
- RoofShingle
- ConstructionMasonry, Wood Siding
- FoundationPillar/Post/Pier, Slab
Exterior Features
Private Entrance, Private Yard, Rain Gutters
Lot Description
Back Yard, Front Yard, Trees Large Size, Trees Medium Size
School Information
- DistrictAustin ISD
- ElementaryTravis Hts
- MiddleLively
- HighTravis
Property Listed by: Jbgoodwin Realtors Wl
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from June 9th, 2026 at 6:32pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. 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. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.