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1406 Summit St

Austin, TX 78741

6 beds
4 baths
2,292 sqft
11,325 sqft lot
$501 per sqft
1938 build
– on site

Charming Home with 2 Income-Generating ADUs, Just Minutes from Downtown Austin! This unique property combines a spacious main house with two income-generating accessory dwelling units (ADUs), located just minutes from downtown Austin and Lady Bird Lake. Whether you're looking to live in the main house and generate rental income or host guests, this property offers great flexibility and the opportunity to offset mortgage costs significantly. 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 short-term rentals with top ratings (4.8+), providing a steady stream of income. -Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential. Set on an 11,325 sq ft lot, this property offers the perfect balance of immediate comfort and future possibilities. Live in the main house while enjoying reliable rental income from the ADUs, or explore the potential for expansion in Austin's rapidly growing market. Whether you're an owner-occupant or looking to maximize rental income, this property provides the best of both worlds. Don’t miss out—schedule a tour today and discover all the potential this property has to offer!

Listing courtesy of ABOR / Caitlin Sullivan / JBGoodwin REALTORS WL

Last checked: Checking… • Last updated Dec 18, 2024 •

MLS# 7968644 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1938
Unit Style:

1st Floor Entry
New Construction:

false
Roof:

Shingle
Foundation:

Pillar/Post/Pier
Exterior Features:

None
Accessibility Features:

None
Patio And Porch Features:

Covered
Window Features:

None
Levels:

Two
Direction Faces:

East

Interior

Interior Features:

Eat-in Kitchen
Living:

1
Dining:

1
Flooring:

Tile
Laundry Location:

Laundry Room

Room Dimensions

Living Area:

2292
Living Area Source:

Multiple Dwelling

Financial & Terms

Possession:

Funding
Restrictions:

None

Location

Latitude:

30.243404
Longitude:

-97.734188
Directions:

From Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit

The Property

Property Type:

Residential
Subtype:

See Remarks
Parcel Number:

03030505050000
Property Condition:

Resale
Other Structures:

Guest House
Lot Features:

Back Yard
Lot Size Acres:

0.26
Lot Size Area:

0 Sqft
Lot Size SqFt:

11,325 Sqft
SqFt Total:

1,908 Sqft
View:

Downtown
Waterfront:

false
Waterfront Features:

None
Horse:

false
Additional Parcels:

false
Fencing:

Back Yard
FEMA Flood Plain:

No

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

$9,561

Beds

Beds:

1
Bedrooms Total:

6
Main Level Bedrooms:

5

Baths

Total Baths:

4
Total Baths:

4
Full Baths:

4

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Tenant

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer
Water Source:

Public
Electric On Property:

true

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Travis Hts
Elementary School District:

Austin ISD
Middle School:

Lively
Middle School District:

Austin ISD
High School:

Travis
High School District:

Austin ISD

The Community

Subdivision Name:

Elmhurst
Community Features:

None
Pool Private:

false
Pool Features:

None

Parking

Parking Features:

Off-Street
Garage:

false
Attached Garage:

false

Monthly cost estimate

Asking price

$1,150,000

Expense	Monthly cost
Mortgage	$6,157
Taxes	$796
Insurance	$316
Utilities	$230 See report
Total	$7,499/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
11/21/24 Nov 21, 2024	Listed / Active	ABOR	$1,150,000

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This house located in Greater South River City, Austin, TX 78741 is currently for sale for $1,150,000. 1406 Summit St is a 2,292 square foot house with 6 beds and 4 baths that has been on Estately for 34 days. 1406 Summit St is in the Greater South River City neighborhood of Austin and has a WalkScore® of 63, making it somewhat walkable. This house is in the attendance area of Lively Middle School, Travis Early College High School, and Travis Heights Elementary School.

Based on information from the Austin Board of REALTORS® and ACTRIS 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.