Address
401 W Live Oak St, Austin, TX
Price
$ 1,180,000
Property Attributes
- MLS#3738812
- TypeSingle Family
- Listing Status Active
- CountyTRAVIS
- CityAustin
- Area6
- NeighborhoodShelton Willie I
- Zip78704
- Style
- Year Built1954
- Taxes$ 14687
- Price$ 1,180,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2533
- Lot Size0.1977 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description
Rare income-producing and redevelopment opportunity in highly desirable 78704! Situated on an approximately 8,612 SF (.198-acre) corner lot in a prime Central Austin location, this versatile property features three separate living spaces and approximately $6,600 per month ($79,200 annually) in current gross rental income, offering an exceptional opportunity for an investor, owner-occupant, or builder. The main home, approximately 1,104 SF, offers 2 bedrooms and 2 baths. A separate rear building includes two additional living spaces: an approximately 879 SF upstairs 2-bedroom, 1-bath Unit A, currently leased to long-term tenants, and an approximately 550 SF furnished 1-bedroom, 1-bath garage apartment, Unit B, currently operated as a short-term rental (STR). Both rear units may offer potential for short-term rental use, subject to buyer verification of applicable city regulations, permitting, and requirements. Owner pays utilities. The property offers income from day one with meaningful value-add potential. Unit A has not been updated, creating an opportunity to renovate and potentially increase rental income. Numerous improvements have been completed throughout the property, enhancing its immediate income-producing appeal. For investors, the property can be held as an income-producing property, renovated to maximize rental income, or explored for future redevelopment. The 8,612 SF corner lot may offer potential for three separate residences, subject to buyer verification of zoning, permitting, and development requirements. The flexible layout provides options for maximizing current income and future value. Ideally located just minutes from Downtown Austin, with easy access to South Congress, South Lamar, Lady Bird Lake, restaurants, shopping, and entertainment, this is a rare opportunity to acquire an income-producing property with multiple paths for future upside in one of Austin’s most sought-after neighborhoods.
| Elementary School | Middle School | High School |
|---|---|---|
| Travis Hts Elementary School | Lively Middle School | Travis High School |
| Price History | |
|---|---|
| 9/10/2026 | Listed $1,180,000 |
General Features
| Living Area | 2533 |
|---|---|
| Utilities | Electricity Connected,High Speed Internet,Natural Gas Connected,Sewer Connected,Water Connected |
| Roof | Membrane,Shingle |
| Appliances | Dishwasher,Free-Standing Electric Range,Free-Standing Gas Range,Free-Standing Refrigerator,Washer/Dryer,Water Heater |
| Patio/Porch Features | Covered,Porch,Screened,Side Porch |
| Construction Materials | HardiPlank Type,Stone |
| Year Built | 1954 |
| View | None |
| Levels | One |
| Property Subtype | See Remarks |
| Tax Year | 2026 |
| Waterfront Features | None |
| Community Features | None |
| County | Travis |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Shelton Willie I |
| Other Structures | Guest House,Shed(s) |
| Full Baths | 4 |
| Status | Active |
| 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. P |
| High School | Travis |
| City | Austin |
| Disclosures | Lead Base Paint Addendum,Seller Disclosure,Seller Provided Survey Available |
| MLS Area | 6 |
| Lot Size Square Feet | 8611.81 |
| Elementary School | Travis Hts |
| Tax Annual Amount | 14686.72 |
| Middle/Junior High School | Lively |
| Property Condition | Resale |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 682243 |
Interior Features
| Flooring | Tile,Wood |
|---|---|
| Total Bedrooms | 5 |
| Main Level Bedrooms | 3 |
| LivingAreaSource | Public Records |
| Total Baths | 4 |
Exterior Features
| Fencing | Block,Wood |
|---|---|
| Parking Features | Asphalt,Gravel,Outside |
| Lot Features | Back Yard,Corner Lot,Front Yard,Level |
| Total Parking | 7 |
| Foundation Details | Slab |
| Lot Size Acres | 0.1977 |
| Waterfront Y/N | No |
| Horse Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78704
Price
Taxes
Year Built
Visits
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Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
