Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
Beds • 6
Baths • 4
SQFT • 2,292
Home Details
Charming Home with 2 Income-Generating ADUs, Just Minutes from Downtown Austin! Main house leased for 1 year starting July 1st.
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!
Presented By: JBGoodwin REALTORS WL;
Interior Features for 1406 Summit St
Bedrooms
Main Level Bedrooms5
Total Bedrooms6
Bathrooms
Half Baths0
Total Baths4
Other Interior Features
LivingAreaSourceMultiple Dwelling
FlooringTile, Wood
Interior AmenitiesEat-in Kitchen, Multiple Dining Areas, Primary Bedroom on Main
Total Fireplaces
Window FeaturesNone
General for 1406 Summit St
AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, Free-Standing Gas Range, Refrigerator, Washer/Dryer
CityAustin
Community FeaturesNone
Construction MaterialsMasonry – Partial, Wood Siding
CoolingCentral Air, Varies by Unit
CountyTravis
DirectionsFrom Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit
DisclosuresSeller Disclosure
Elementary SchoolTravis Hts
Energy EfficientNone
Facing DirectionEast
Full Baths4
Garage Spaces
Green SustainabilityNone
HOANo
HeatingCentral, Varies by Unit
High SchoolTravis
LevelsTwo
Lot Size Square Feet11325.6
MLS Area9
Middle/Junior High SchoolLively
New ConstructionNo
Other StructuresGuest House, See Remarks
Patio/Porch FeaturesCovered, Rear Porch
Pool FeaturesNone
Property ConditionResale
Property SubtypeSee Remarks
Property TypeResidential
RoofShingle
Security FeaturesPrewired
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameElmhurst
Tax Annual Amount9561
Tax Assessed Value429400
Tax Year2021
UtilitiesElectricity Connected, Natural Gas Connected, Phone Available
ViewDowntown
Waterfront FeaturesNone
Year Built1938
Year Built SourcePublic Records
Exterior for 1406 Summit St
Covered Spaces
Exterior AmenitiesNone
FencingBack Yard, Wood
Foundation DetailsPillar/Post/Pier, Slab
Horse Amenities None
Horse Y/NNo
Lot FeaturesBack Yard, Front Yard, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft)
By clicking on login buttons you are agreeing to our
terms of use and giving us expressed written consent to contact you
Thank you for registering.
Are you currently working with one of these agents?
Ask A Question
By clicking on login buttons you are agreeing to our
terms of use and giving us expressed written consent to contact you
Get Pre-Approved Now!
Give yourself a better position in the competitive home buying market.
Complete the form to get started on your journey to purchase your dream home.
Our lending partner has a wide variety of lending options available and advanced mortgage technology.
As a result, our lending partner's clients enjoy a flawless experience through impeccable execution and timely communication throughout the process.