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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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401 W Live Oak St , Austin, TX 78704
$1,180,000
Est. Payment: $6,519.97/mo
5 Bed
4 Bath
2533 Sqft
0.2 Acres
Status: active | Days on site: 1
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700459 - 628825
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Jeannette Spinelli
Broker Associate & Founder

House Description

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.

Highlights

Listed by Alexa Kanelos , (512) 751-3022 Compass RE Texas, LLC , (512) 575-3644. Austin MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.2

Year Built

1954

County

Travis

Area

6

Neighborhood

Shelton Willie I

School District

Austin ISD

Listing ID

8687427

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:4
Appliances:Dryer, Dishwasher, Free-Standing Electric Range, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater, Washer
Floor:Tile,Wood
Other:
  • ▪ Additional:See Remarks, Pets Allowed
Water:Public

Exterior Features

Lot:Back Yard,Corner Lot,Front Yard,Level
Roof:Membrane,Shingle
Others:
  • ▪ Additional:Private Entrance, Private Yard, See Remarks, Resale
Sewer:Public Sewer
Parking Features:Asphalt,Gravel,Outside
Principal Interest
$6,520
Taxes
$1,224

Home Price

$1,180,000

Loan Details

30 yrs
7.375%

Down Payment

20%
$236,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,519.97

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,519.97 $1,223.89 $0.00 $7,743.87
Yearly $78,239.68 $14,686.72 $0.00 $92,926.40
Total $2,347,190.42 $440,601.60 $0.00 $2,787,792.02

Today's Rates

30 Year

7.38%

20 Year

7.18%

15 Year

6.77%

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Market insight data is pulled from the same city as the listing being viewed (Austin, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data last updated: 2026-10-18T11:01:25.000Z

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