601 E Covington Dr A & BAustin, TX 78753

Description

Excellent North Austin income-producing investment opportunity with strong cash flow and long-term appreciation potential. Owned by the same owner for more than 20 years and professionally maintained throughout that time, this beautifully renovated duplex sits on an oversized approximately 0.34-acre corner lot in a predominantly single-family neighborhood. The property features two spacious 2-bedroom, 1-bath units with modern updates and consistent rental demand. Each unit features durable, tenant-friendly finishes including wood-plank porcelain tile flooring throughout (no carpet), granite countertops, modern lighting, and upgraded Samsung stainless-steel appliances. Large living areas with floor-to-ceiling brick fireplaces add character, while converted garage spaces provide additional functional square footage ideal for a home office, game room, studio, or secondary living area. Both units include private fenced backyards with patio space, mature oak trees, and ample shade. A new cedar fence installed in 2025 enhances privacy and outdoor appeal. The oversized corner lot is a rare feature for a duplex and adds significant long-term land value. Major capital improvements include a full roof replacement in 2024. The property currently generates approximately $42,600 in annual gross rental income, providing immediate cash flow with future rent-growth potential. Conveniently located near major roadways, employment centers, shopping, and dining, this turnkey duplex offers investors a compelling combination of established ownership, professional maintenance, current income, recent improvements, and long-term appreciation potential. Owner/agent Chris Ricker /w Landmark Properties

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1969

Living area

1,223 Sq Ft

Lot size

0.35 acres

Lot dimensions

105 x 140

Parking spaces

2

Days on market

31

MLS^® Listing#

1420721

Property Features

Interior

Breakfast Bar · Ceiling Fan(s) · Beamed Ceilings · Cathedral Ceiling(s) · Granite Counters · Recessed Lighting · Master Downstairs

Exterior

Private Yard

Appliances

Dishwasher · Disposal · Free-Standing Gas Range · Refrigerator · Water Heater

Cooling

Ceiling Fan(s) · Central Air

Heating

Central · Natural Gas

Flooring

Tile

Fireplace

Family Room · Gas Log

Pool

None

Parking

Carport

Laundry

Laundry Room

Patio

Patio

Fencing

Chain Link · Fenced · Privacy

Lot features

Back Yard · Corner Lot · Front Yard

Construction

Brick Veneer

Foundation

Slab

Roof

Composition

Windows

Blinds

Security

Smoke Detector(s)

Other structures

None

Community

None

Utilities

Electricity Available · Natural Gas Available

Water source

Public

Schools

Elementary

Walnut Creek

Middle

Dobie (Austin ISD)

High

Navarro Early College

Financial Details

HOA

None

Annual taxes

$10,700Tax year 2026

Assessed value

$522,848

Parcel number

02502319040000

Directions

From I-35,Go W.on Braker 1 blk,Rt.on Oakwood,Rt.E.Covington