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1406 Summit ST
Austin, TX, 78741
$1,150,000
6 Beds
4 Baths
2,292 SqFt
0.26 Acres
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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!

Property Details

Price:
$1,150,000
MLS #:
7968644
Status:
Active
Beds:
6
Baths:
4
Address:
1406 Summit ST
Type:
Single Family
Subtype:
See Remarks
Subdivision:
Elmhurst
City:
Austin
Listed Date:
Nov 21, 2024
State:
TX
Finished Sq Ft:
2,292
ZIP:
78741
Lot Size:
11,326 sqft / 0.26 acres (approx)
Year Built:
1938
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Schools

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

Interior

Appliances
Dishwasher, Free- Standing Gas Range, Refrigerator, Washer/ Dryer
Bathrooms
4 Full Bathrooms
Cooling
Central Air, Varies by Unit
Flooring
Tile, Wood
Heating
Central, Varies by Unit

Exterior

Community Features
None
Exterior Features
None
Other Structures
Guest House, See Remarks
Parking Features
Off Street
Roof
Shingle

Financial

Taxes
$9,561

Map

Community

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1406 Summit ST
Austin, TX