1406 SUMMIT STREET, AUSTIN, TX 78741

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Homes for sale in 78741.


1406 Summit Street

Austin, TX 78741

Status of the property has changed, please contact for details

List Price$999,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #7968644

6

Bedrooms

4 full

Bathrooms

2,292

Square Feet

House

Type

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!

Property Features

Location Information

County

Travis

Subdivision

Elmhurst

County

Travis

Directions

From Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit

Area

9

Interior Features

Interior

Separate/Formal Dining Room, Eat-in Kitchen, Multiple Dining Areas, Main Level Primary

Floors

Tile, Wood

Primary Bedroom On Main

Yes

Laundry

Laundry Room

Full Baths

4

Disabled Features

None

Has Dining Room

Yes

Appliances

Dryer, Dishwasher, Free-Standing Gas Range, Refrigerator, Washer

Number of Fireplaces

0

Accessibility

None

Heating

Central, Varies by Unit

Exterior Features

Style

Masonry, Wood Siding

Water

Public

Stories

2

Parking Description

Off Street

Is New Construction

No

Garage Spaces

0

Construction/Exterior

Masonry, Wood Siding

Fencing

Back Yard, Wood

Exterior

None

Lot Size in Acres

0.26

Foundation

Pillar/Post/Pier, Slab

Waterfront Description

None

Possession

Closing & Funding

Has Waterfront

No

Water / Sewer

Public Sewer

View

City

School

Elementary School District

Austin ISD

Middle School

Lively

Elementary School

Travis Hts

High School

Travis

Additional Information

Roof/Attic

Shingle

Year Built

1938

Other Utilities

Electricity Connected, Natural Gas Connected, Phone Available

APN

03030505050000

Property Type

SFR

Status

Active

Property SubType

Other

Documents Available

Financials, Feasibility Study, Survey

Similar Listings

Mortgage Calculator

$4,664

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$3,599

Monthly Tax

$832

Monthly Insurance

$233

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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