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Dow Kennedy
REALTOR®, ABoR, E-Pro, CDPE, TAR
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1406 Summit Street, Austin, TX 78741

$899,000
  • 1406 Summit Street, Austin, TX 78741 Main Photo

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Active
BEDS0 BATHS SQUARE FEET2,292 MLS#6389057
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONElmhurst SCHOOLAustin ISD

Property 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 cant 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. Dont miss this rare opportunity ? schedule a tour today!

1406 Summit Street | MLS# 6389057

This multi-family property located at 1406 Summit Street, Austin, TX 78741 is currently listed for sale with an asking price of $899,000. Summit Street is located within the Austin ISD school district. Search Austin real estate on dkennedy.rmcapitalcity.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Varies by Unit
Heating: Central, Varies by Unit
Lot Size: 0.26 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $9,561
Year Built: 1938

Amenities

Eat-in Kitchen
High Speed Internet
Multiple Dining Areas
Primary Bedroom on Main
Stackable W/D Connections
Gutters Full
Private Entrance
Private Yard

Feature Descriptions

Appliances: Dishwasher, Free-Standing Gas Range, Refrigerator, Washer/Dryer
Area #: 9
Days on Site: 79
Exterior: Masonry ??? Partial, Wood Siding
Fencimg: Back Yard, Wood, Wrought Iron
Flood Plain: No
Flooring: Tile, Wood
Lot: Back Yard, Front Yard, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft)
Other Equipment: Stackable W/D Connections, Varies by Unit
Parcel#: 1406 Summit St
Parking: Off Street
Parking Notes: Off Street
Patio/Porch: Covered, Rear Porch
Pets Allowed: Negotiable
Security: Prewired
Sewer: Public Sewer
Special View Info: Downtown
Utilities: Electricity Connected, Natural Gas Connected, Phone Available
Water: Public

Local Schools

High School: Travis
Middle School: Lively
Elementary School: Travis Hts
School District: Austin ISD

Listed By / Shown By

Listed By

Agency Name: JBGoodwin REALTORS WL
Agency Contact: (512) 502-7601

Shown By

Agent Name: Dow Kennedy
Agent Phone: Cell: (512) 689-0509
Agency Title: Realty Capital City

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Estimated Payment

$ 3,059.74 per month $2,000.78 Principal & Interest $796.75 Property Tax $262.21 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/18/2026. The listing information on this page last changed on 04/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/18/2026 12:00:17 AM EST) or Austin MLS (last updated Fri 04/17/2026 11:57:39 PM EST) or CTXMLS (last updated Fri 04/17/2026 11:34:26 PM EST). Real estate listings held by brokerage firms other than Realty Capital City may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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