Description
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!
Property Details
| Status | Active |
| MLS # | ACT217722018 |
| Taxes | $9,561 (2021) / year |
| Type | Residential Income |
| Year Built | 1938 |
| Lot Size | 0.26 AC / 11,325 SF |
| County | Travis |
| Subdivision | Elmhurst |
Property Information
Interior
Exterior
Appliances
Community
Parking
Utilities & Construction
Directions: From Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit
Location
Property History
| Date | Event | Price |
|---|---|---|
| Feb 15, 2026 | Listed (Active) · MLS# ACT217722018 | $899,000 |
Full transaction history may not be available. Data sourced from ACTRIS MLS.
Public Records
| Lot Size | 11,325 Sq. Ft. |
| Style | Residential Income |
| County | TRAVIS |
| MLS # | ACT217722018 |
Schools
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Payment Estimate
For illustrative purposes only. Contact a lender for accurate figures.