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Jaymes Willoughby Team

info@jwteam.com +1(512) 308-3244

$1,050,000

Est. payment - /mo

2,533 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,533 sqft

Price per Sqft $414

Subdivision Shelton Willie I

MLS Listing ID 8687427

HOA Y/N No

Year Built 1954

Annual Tax Amount $14,686

Tax Year 2026

Lot Size 8,611 Sqft

Acres 0.1977

Property Sub-Type Triplex

Source actris

Property 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.

Location

State TX

County Travis

Interior

Interior Features See Remarks

Heating Central

Cooling Central Air

Flooring Tile, Wood

Fireplace No

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

Exterior

Exterior Feature See Remarks, Private Entrance, Private Yard

Fence Block, Wood

Community Features None

Utilities Available Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description None

View None

Roof Type Membrane,Shingle

Porch Covered, Porch, Screened, Side Porch

Total Parking Spaces 7

Building

Lot Description Back Yard, Corner Lot, Front Yard, Level

Faces North

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type HardiPlank Type,Stone

New Construction No

Schools

Elementary Schools Travis Hts

Middle Schools Lively

High Schools Travis

School District Austin Isd

Others

Pets Allowed Cats OK, Dogs OK

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK

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Listed by Compass RE Texas, LLC

Nearby School & Business

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Phone

+1(512) 308-3244

info@jwteam.com

Address

1801 S Mopac Expy # 100, Austin, TX 78746, United States

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401 & 401 1/2 W Live Oak St Austin, TX 78704