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$899,000
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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 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!
Full Property Details
Full Property Details for 1406 Summit St
General
- Price: $899,000
- Taxes: $9,561 (2021)
- Status: Active
- Type: Triplex
- Source: Austin_MLS
- MLS ID: 6389057
- Updated: 1/29/2026
- Added to Site: 29 day(s) ago
Interior
- Interior Features: Separate/Formal Dining Room, Eat-in Kitchen, High Speed Internet, Multiple Dining Areas, Main Level Primary, Storage
- Appliances: Dryer, Dishwasher, Free-Standing Gas Range, Refrigerator, Washer
- Flooring: Tile, Wood
Rooms
Other Rooms
- Laundry: Laundry Room, Washer Hookup, Dryer Hookup, Stacked
Additional Information
- Shared Amenities: None
- Security/Safety: Prewired
- Equipment: Varies by Unit
Exterior
- Exterior Features: Private Entrance, Private Yard, Rain Gutters
- 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
- Sq. Ft. Source: Public Records
- Living Area: 2,292 Sq. Ft.
- Year Built: 1938
- Year Built Source: Public Records
- Property Condition: See Remarks
Additional Structures
- Other Structures: Guest House, Shed(s), 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, Wrought Iron
Financial Considerations
- Assessment Amount: $429,400
- Tax Amount: $9,561
- Tax Year: 2021
- Terms: Cash, Conventional
- Owner Pays: See Remarks
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Financials, Lease, 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
- Disclosures/Reports: Seller Disclosure
- Property ID: 1406 Summit St
- 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# 6389057) is a Triplex property with 0 bedrooms and 0 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 Triplex 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.

