3408 NORTHLAND DRIVE, AUSTIN, TX 78731
Homes for sale in Austin.
Homes for sale in 78731.
3408 Northland Drive
Austin, TX 78731
List Price$795,000
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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