1406 Summit Street

Austin, TX 78741 · Travis County

$899,000Price
1406 Summit Street
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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!

Contact Agent

C
Col Realty
Col Realty
(512) 699-3810

Property Details

StatusActive
MLS #ACT217722018
Taxes$9,561 (2021) / year
TypeResidential Income
Year Built1938
Lot Size0.26 AC / 11,325 SF
CountyTravis
SubdivisionElmhurst

Property Information

Interior

Eat-in KitchenHigh Speed InternetMultiple Dining AreasPrimary Bedroom on MainStackable W/D Connections

Exterior

Gutters FullPrivate EntrancePrivate Yard

Appliances

DishwasherFree-Standing Gas RangeRefrigeratorWasher/Dryer

Community

None

Parking

Off Street

Utilities & Construction

Heat: Central, Varies by UnitAC: Central Air, Varies by UnitTile, WoodRoof: ShingleFoundation: Pillar/Post/Pier, Slab
🏊 Pool

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

DateEventPrice
Feb 15, 2026 Listed (Active) · MLS# ACT217722018 $899,000

Full transaction history may not be available. Data sourced from ACTRIS MLS.

Public Records

Tax Record 2021$9,561
Year Built1938
Lot Size11,325 Sq. Ft.
StyleResidential Income
CountyTRAVIS
MLS #ACT217722018

Schools

E
Travis Hts
Public · Elementary · Serves this home
M
Lively
Public · Middle School · Serves this home
H
Travis
Public · High School · Serves this home

Please verify enrollment eligibility directly with schools.

$899,000
1406 Summit Street, Austin, TX

By submitting, you agree to be contacted by Col Realty.

Payment Estimate

Estimated monthly payment
Principal & Interest
Property Taxes

For illustrative purposes only. Contact a lender for accurate figures.