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5Bedrooms
4Bathrooms
1954Year built
See RemarksProperty type
THE HOME, IN THE LISTING AGENT’S WORDS
A closer look.
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.
Read the full description +
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.
THE DETAILS THAT SHAPE YOUR DAY
Reported property facts
Property type
Residential
Property subtype
See Remarks
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Living area
2,533 (units not reported)
Lot acres
0.1977
Year built
1954
Parking spaces
7
Schools reported in the listing
High schoolTravis
Middle schoolLively
DistrictAustin ISD
ElementaryTravis Hts
Verify assignment with the relevant district for the exact address, program and school year. These source-reported names are not ratings or an enrollment guarantee.
Features & finishes
lot+
Back Yard · Corner Lot · Front Yard · Level
roof+
Membrane · Shingle
view+
None
patio+
Covered · Porch · Screened · Side Porch
levels+
One
fencing+
Block · Wood
parking+
Asphalt · Gravel · Outside
flooring+
Tile · Wood
community+
None
utilities+
Electricity Connected · High Speed Internet · Natural Gas Connected · Sewer Connected · Water Connected
appliances+
Dishwasher · Free-Standing Electric Range · Free-Standing Gas Range · Free-Standing Refrigerator · Washer/Dryer · Water Heater
waterfront+
None
construction+
HardiPlank Type · Stone
LOCAL TEAM FIELD NOTES · ZIP 78704
Look beyond the front door.
Start with the actual filings behind local change. These public records come from the research database powering Zabalist and Austin Texas Things, independently of the MLS listing.
Same ZIP, not verified proximity
Matched to the listing’s reported postal code. These records are not mapped to this parcel; check each project address before connecting it to the home. Source address and ZIP errors remain possible.
Snapshot exported Sep 14, 2026 · record window Sep 14, 2025–Sep 14, 2026. Statuses below are as recorded in that snapshot.
State project registrations
84
City site-plan applications
29
Separate source totals may overlap. Registrations are not building permits; an application does not confirm approved or completed construction. Neither total measures housing inventory or property value.
Read the registered work
Showing 3 selected examples from the saved research set. Check the building or suite and the work description.
Applicant is proposing redevelopment of the existing Travis Early College High School, parking, and associated
amenities. Scope of the revision to the permitted SP-2024-0253CX include changes to two
previously permitted ponds
Pupr1
Application 13767464 · site address requires source verification
The applicant is proposing Condo development along with associated improvements.
Application 13765505 · site address requires source verification
Take one question to the showing
Which of these projects shares an entrance, street or daily route with this home? Verify the site boundary and current case status before treating it as relevant.
Project counts use source-reported ZIPs and exclude registrations identifying counties outside Travis, Williamson and Hays. Missing county and remaining address/ZIP mismatches require verification; this is not a spatial boundary audit.
TABS State Projects · All 254 Texas Counties. Source database sync reported Sep 13, 2026.
Austin Site Plans · City of Austin Development Applications. Source database sync reported Sep 13, 2026.
These sync dates describe the source database, not a new review of every government filing. Later amendments, withdrawals and reporting delays may change the picture.
Check mapped flood zones and regional geology, then turn the findings into better questions before you buy. Each source describes a different part of the picture.
401 W Live Oak St
Uses the listing’s reported coordinates, which may be approximate.
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Based on information submitted to the MLS GRID as of Sep 15, 2026, 1:35 AM Central. 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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