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$899,000
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Property Description
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. Currently leased through July 2026. -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. -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!
Full Property Details
Full Property Details for 1406 Summit St
General
- Price: $899,000
- Taxes: $9,561 (2021)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 8884899
- Updated: 1/29/2026
- Added to Site: 21 day(s) ago
Interior
- Interior Features: Separate/Formal Dining Room, Eat-in Kitchen, Multiple Dining Areas, Main Level Primary
- Appliances: Dryer, Dishwasher, Free-Standing Gas Range, Refrigerator, Washer
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
- Bedrooms Main: 5
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: None
- Security/Safety: Prewired
Exterior
- Exterior Features: None
- Porch/Patio/Deck: Rear Porch, Covered
Parking
- Total Spaces: 3
- Parking Features: Off Street
Location
- Area: 9
- County: Travis
- Subdivision: Elmhurst
- Driving Directions: From Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit
- Direction Faces: East
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Travis Hts
- Middle School: Lively
- High School: Travis
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Varies by Unit
- Heating Type: Central, Varies by Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Phone Available
Structural Information
- Detached/Attached: Detached
- Construction: Masonry, Wood Siding
- Roof: Shingle
- Windows: None
- Stories/Levels: 2
- Square Feet: 2,292
- Living Area: 2,292 Sq. Ft.
- Year Built: 1938
- Year Built Source: Public Records
- Property Condition: See Remarks
Additional Structures
- Other Structures: Garage Apartment, Guest House, See Remarks
Lot Features
- Property View: City
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,325.6
- Fence: Yes
- Lot Features: Back Yard, Front Yard, Trees Large Size, Trees Medium Size
- Fencing (Description): Back Yard, Wood
Financial Considerations
- Assessment Amount: $429,400
- Tax Amount: $9,561
- Tax Year: 2021
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Financials, Survey
- Legal Description: N 66 FT X 160 FT AV OF LOT 1-2 LESS NE 5X52.6' LT 1 + S8.39X47.75'&7.66X18.11' OF LOT 5-6 ELMHURST
- Property ID: 3030505050000
- Lot Number: 1-2
Listed by JBGoodwin REALTORS WL
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Schools
Schools serving 1406 Summit St
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Travis Heights Elementary School 2010 Alameda Drive, Austin, TX 78704 | K-5 | 0.7 mi |
Fulmore Middle School 201 East Mary Street, Austin, TX 78704 | 6-8 | 1 mi |
Travis High School 1211 East Oltorf Street, Austin, TX 78704 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1406 Summit St
Date
Details
Price
Change
Source
1/28/2026
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1406 Summit St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,753
—
$980,897
-3%
2024
$17,753
24%
$1,015,021
-32%
2022
$14,280
—
$1,491,599
15%
2022
$14,280
-4%
$1,292,315
69%
2021
$14,921
-12%
$762,600
—
2020
$16,960
4%
$761,674
15%
2020
$16,298
21%
$663,014
8%
2018
$13,442
—
$611,950
-3%
2016
$13,424
-10%
$630,100
5%
2017
$14,993
14%
$601,921
5%
2015
$13,138
4%
$572,180
8%
2014
$12,645
20%
$531,340
24%
2013
$10,553
—
$428,445
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1406 Summit St
1406 Summit Street, Austin, TX 78741 (MLS# 8884899) is a Single Family property with 6 bedrooms and 4 full bathrooms. 1406 Summit Street is currently listed for $899,000 and was received on January 28, 2026. Want to learn more about 1406 Summit Street? Do you have questions about finding other Single Family real estate for sale in Southeast Austin? You can browse all Southeast Austin real estate or contact a Coldwell Banker agent to request more information.

