401 & 401 1/2 W Live Oak StAustin, TX 78704

Description

Sold as one property: 401 & 401 1/2 W Live Oak St. Main house plus a rear building with an upper and a lower unit. 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 (main house use subject to current lease); rent roll and lease details available upon request. Owner pays utilities. Parking for up to 7 vehicles. Buyer to verify STR eligibility with the city. 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: remodeled bathroom, refinished original hardwood floors, new refrigerator, foam insulation and updated windows. Investment paths: hold as an 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 Information

Property type

Residential Income

Sub-type

Triplex

Year built

1954

Living area

2,533 Sq Ft

Lot size

0.20 acres

Parking spaces

7

Days on market

33

MLS^® Listing#

8687427

Property Features

Interior

See Remarks · High Speed Internet

Exterior

Private Entrance · Private Yard

Appliances

Dishwasher · Free-Standing Electric Range · Free-Standing Gas Range · Free-Standing Refrigerator · Washer/Dryer · Water Heater

Cooling

Central Air

Heating

Central

Flooring

Tile · Wood

Parking

Asphalt · Gravel · Outside

Laundry

See Remarks

Patio

Covered · Porch · Screened · Side Porch

Fencing

Block · Wood

Lot features

Back Yard · Corner Lot · Front Yard · Level

Construction

HardiPlank Type · Stone

Foundation

Slab

Roof

Membrane · Shingle

Security

Security Fence

Other structures

Guest House · Shed(s)

Community

None

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Travis Hts

Middle

Lively

High

Travis

Financial Details

HOA

None

Annual taxes

$14,687Tax year 2026

Assessed value

$682,243

Parcel number

04030102120000401

Directions

From Downtown: Take S. 1st St. south. Turn left on W. Live Oak St. Property will be on the right. From TX-71: Take S. Congress Ave. north, turn left on W. Live Oak St. Property will be on the left. Parking is easiest from Wilson St., with a driveway that accommodates several cars.