601 E Covington Dr, Unit A & B, Austin, TX 78753

$550,000
  • 601 E Covington Dr, Unit A & B, Austin, TX 78753 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET1,223 MLS#1420721
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONWalnut Forest SCHOOLAustin ISD

Property Description

Excellent North Austin income-producing investment opportunity with strong cash flow and long-term appreciation potential. Owned by the same owner for more than 20 years and professionally maintained throughout that time, this beautifully renovated duplex sits on an oversized approximately 0.34-acre corner lot in a predominantly single-family neighborhood. The property features two spacious 2-bedroom, 1-bath units with modern updates and consistent rental demand.Each unit features durable, tenant-friendly finishes including wood-plank porcelain tile flooring throughout (no carpet), granite countertops, modern lighting, and upgraded Samsung stainless-steel appliances. Large living areas with floor-to-ceiling brick fireplaces add character, while converted garage spaces provide additional functional square footage ideal for a home office, game room, studio, or secondary living area.Both units include private fenced backyards with patio space, mature oak trees, and ample shade. A new cedar fence installed in 2025 enhances privacy and outdoor appeal. The oversized corner lot is a rare feature for a duplex and adds significant long-term land value.Major capital improvements include a full roof replacement in 2024. The property currently generates approximately $42,600 in annual gross rental income, providing immediate cash flow with future rent-growth potential.Conveniently located near major roadways, employment centers, shopping, and dining, this turnkey duplex offers investors a compelling combination of established ownership, professional maintenance, current income, recent improvements, and long-term appreciation potential.Owner/agent Chris Ricker /w Landmark Properties

601 E Covington Dr, Unit A & B | MLS# 1420721

This multi-family property located at 601 E Covington Dr, Unit A & B, Austin, TX 78753 is currently listed for sale with an asking price of $550,000. E Covington Dr, Unit A & B is located within the Austin ISD school district. Search Austin real estate on mjarrardbradshaw.rmcapitalcity.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Fenced: Yes
Fireplaces: 1
Heating: Central, Natural Gas
Lot Size: 0.35 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $10,700
Year Built: 1969

Amenities

Breakfast Bar
Ceiling Fan(s)
Beamed Ceilings
Cathedral Ceiling(s)
Granite Counters
Electric Dryer Hookup
Gas Dryer Hookup
Primary Bedroom on Main
Recessed Lighting
Washer Hookup
Private Yard

Feature Descriptions

Appliances: Dishwasher, Disposal, Free-Standing Gas Range, Refrigerator, Gas Water Heater
Area #: 2N
Exterior: Brick Veneer
Fencimg: Chain Link, Fenced, Privacy
Fireplace: Family Room, Gas Log
Flood Plain: No
Flooring: Tile
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Lot: Back Yard, Corner Lot, Front Yard, Trees-Large (Over 40 Ft)
Lot Dimensions: 105 x 140
Parcel#: 02502319040000
Parking: Carport
Parking Notes: Carport
Patio/Porch: Patio
Pets Allowed: Negotiable
Restrictions: City Restrictions
Security: Smoke Detector(s)
Utilities: Electricity Available, Natural Gas Available
Water: Public
Window: Blinds

Local Schools

High School: Navarro Early College
Middle School: Dobie (Austin ISD)
Elementary School: Walnut Creek
School District: Austin ISD

Listed By / Shown By

Listed By

Agency Name: Landmark Properties
Agency Phone: (512) 255-8873

Shown By

Agent Name: Megan Jarrard Bradshaw
Agent Phone: (512) 608-2882
Agency Title: Realty Capital City

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Estimated Payment

$ 2,276.14 per month $1,224.06 Principal & Interest $891.67 Property Tax $160.42 Homeowner's Insurance

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