$1,180,000

Triplex In Austin

  • 2,533 Sqft
  • 8,612 Sqft lot
  • Updated: Today
  • Source:
    Unlock MLS (Austin Board of REALTORS)  MLS#8687427

About the Property

Rare 3-unit income-producing and redevelopment opportunity in the desirable Bouldin area of 78704, minutes from Downtown Austin! Situated on an approximately 8,612 SF (.198-acre) corner lot in prime Central Austin, this property generates approximately $6,600/month ($79,200 annually) in current gross rental income per seller, across three separate units - an exceptional opportunity for an investor
Rare 3-unit income-producing and redevelopment opportunity in the desirable Bouldin area of 78704, minutes from Downtown Austin! Situated on an approximately 8,612 SF (.198-acre) corner lot in prime Central Austin, this property generates approximately $6,600/month ($79,200 annually) in current gross rental income per seller, across three separate units - an exceptional opportunity for an investor, owner-occupant, or builder.

UNIT MIX:

Main House: +/-1,104 SF, 2BR/2BA, renovated 2021
Unit A (Rear Building, Upper): +/-660 SF, 2BR/1BA, large porch screened in 2021, washer/dryer, updated HVAC - leased to long-term tenants in place approximately 10 years
Unit B (Rear Building, Lower): +/-660 SF including storage area, 1BR/1BA, furnished, washer/dryer - currently operated as a short-term rental (STR)

Each rear unit has its own private entrance and access to the gated yard. All three units are currently occupied; rent roll and lease details available upon request. Owner pays utilities. Parking for up to 7 vehicles. STR potential for the other units is subject to buyer verification of applicable city regulations, permitting, and requirements. SF per Travis CAD; approximate, buyer to verify.

Income from day one, with clear value-add upside: Unit A’s interior has not been updated, presenting an opportunity to renovate and potentially increase rental income, and the storage area may be converted to expand Unit B’s living space, subject to buyer verification of permitting. 2021 Main House updates include a remodeled bathroom, refinished original hardwood floors, fresh paint, new refrigerator, and foam insulation in the walls and under the house. Updated windows throughout.

Investment paths: hold as a stabilized income-producing asset, renovate Unit A and expand Unit B to increase rents, or pursue redevelopment. The corner lot may support redevelopment into up to three separate residences, subject to buyer verification of zoning.
…
  • Property type

    House

  • Year built

    1954

  • Price/sqft

    $465

Features

  • Garden
  • Renovated
  • Washer Dryer
  • Gate
  • Parking

Explore the Area

401 W Live Oak St, Austin, Texas, United States View on Google Maps
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Compass RE Texas, LLC - Austin

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Compass RE Texas, LLC - Austin
Texas, United States
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563
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2025
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Compass RE Texas, LLC - Austin
Austin, Texas, United States
View agency profile
Last updated
Today
First listed
September 29
Listing reference
8687427
Listing status
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