3408 NORTHLAND DRIVE, AUSTIN, TX 78731

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3408 Northland Drive

Austin, TX 78731

Status of the property has changed, please contact for details

List Price$795,000

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

Listing #5191613

2,702

Square Feet

3

Number of Units

Multi-Unit Residential

Type

About This Property

Exceptional Income-Producing Property in Northwest Hills!!! This well-maintained, income-producing property offers an outstanding central location with easy access to major thoroughfares, employers, shopping, and dining. Recently updated and fully leased, the property provides immediate and stable cash flow with strong rental performance. The property consists of three thoughtfully configured units, each with its own private outdoor space--an increasingly rare and valuable feature in central Austin. Recent upgrades include updated kitchens and bathrooms, tile and granite finishes, luxury vinyl plank flooring, and a freshly painted exterior. All units are in excellent condition and have been thoughtfully maintained. Unit A: 2-bedroom, 1-bath unit featuring a spacious side yard, leased at $1,500/month plus utilities. Lease expires March 1, 2027. Unit B: 3-bedroom, 2-bath residence with a large private backyard, currently leased at $2,095/month plus utilities. Lease expires August 31, 2026. Unit C: Garage studio apartment with full kitchen, bathroom with shower, and private yard, leased at $1,195/month plus utilities. Lease expires August 31, 2026. Total monthly rents are at $4,790, generating $57,480 in gross annual income. After taxes and insurance, the property nets approximately $46,000 annually, making this an attractive opportunity for investors seeking both cash flow and long-term appreciation. With strong in-place leases, private yards for every unit, and a premier Northwest Hills location, this property offers a rare combination of stability, quality, and upside in one of Austin's most sought-after submarkets. Property is legal duplex. Agent accompanied showings with LOI or offer submittal only.

Property Features

Location Information

County

Travis

Subdivision

Highland Hills Sec 01

County

Travis

Directions

Mopac North to Northand Drive. Property on the right. See circular driveway.

Area

1A

Interior Features

Interior

Breakfast Bar, Granite Counters, No Interior Steps, Recessed Lighting, Walk-In Closet(s)

Disabled Features

None

Number of Fireplaces

0

Appliances

Dishwasher, Exhaust Fan, Free-Standing Refrigerator, Disposal

Heating

Central

Total Number of Units

3

Floors

Tile, Vinyl

Accessibility

None

Laundry

Multiple Locations

Exterior Features

Style

Brick

Parking Description

Circular Driveway

Stories

1

Garage Spaces

0

Is New Construction

No

Fencing

Back Yard, Wood

Construction/Exterior

Brick

Lot Size in Acres

0.283

Exterior

Private Entrance, Private Yard

Waterfront Description

None

Foundation

Slab

Has Waterfront

No

Possession

Rental Agreement

Has View

No

Water / Sewer

Public Sewer

View

None

Water

Public

Is One Story

Yes

School

Elementary School District

Austin ISD

Middle School

Lamar (Austin ISD)

Elementary School

Highland Park

High School

McCallum

Additional Information

Roof/Attic

Composition

APN

01320310090000

Other Utilities

Electricity Available, None

Status

Active

Property Type

RI

Pets

Cats OK, Dogs OK

Property SubType

Triplex

Documents Available

Lease

Year Built

1958

Square Feet Source

Public Records

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Mortgage Calculator

$3,711

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,864

Monthly Tax

$662

Monthly Insurance

$185

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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