Overview
Description
Rare 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 offers three separate living spaces on one lot: a 2BR/2BA main house (approx. 1,104 SF) plus two private guest apartments behind it - ideal for an owner-occupant, multigenerational living, or an investor seeking rental income.
The main house was renovated in 2021 with a remodeled bathroom, refinished original hardwood floors, fresh paint, a new refrigerator, and foam insulation in the walls and under the house. Windows have been updated throughout.
The rear building has two independent units, each with its own private entrance and access to the gated yard:
Upper (approx. 660 SF): 2BR/1BA, large porch screened in 2021, washer/dryer, updated HVAC. Leased to long-term tenants for approximately 10 years. Interior not yet updated - room to renovate.
Lower (approx. 660 SF including storage area): 1BR/1BA, furnished, washer/dryer. Currently a short-term rental. The storage area may be converted to expand living space, subject to buyer verification of permitting.
Current gross rental income is approximately $6,600/month ($79,200 annually) per seller. All three units are currently tenant-occupied; rent roll and lease details available upon request. A buyer's use of the main house is subject to current lease terms. Parking for up to 7 vehicles. Any STR use is subject to buyer verification of applicable city regulations and permitting. Owner pays utilities. Square footages per Travis CAD; approximate, buyer to verify.
A flexible, income-supported property in one of Austin's most sought-after neighborhoods. Close to South Congress, South Lamar, and Lady Bird Lake, with restaurants, shopping, and entertainment nearby. The 8,612 SF corner lot may also offer redevelopment potential, subject to buyer verification of zoning and permitting.
Address
- Street401 Live Oak
- CityAustin
- SubdivisionShelton Willie I
- CountyTravis
- StateTX
- Zip78704
- MLS #3738812
Interior
- AppliancesDryer,Dishwasher,Free-Standing Electric Range,Free-Standing Gas Range,Free-Standing Refrigerator,Gas Water Heater,Washer
- Bathrooms Full4
- Bathrooms Total Integer4
- Bedrooms Total5
- CoolingYes
- FlooringTile,Wood
- HeatingCentral
- Interior FeaturesBreakfast Bar,High Speed Internet,Kitchen Island,Multiple En Suite Bathrooms,Stone Counters
- LevelsOne
- Living Area2,533
- Living Area SourcePublic Records
- Main Level Bedrooms3
Exterior
- FencingBlock,Wood
- Lot FeaturesBack Yard,Corner Lot,Front Yard,Level
- Lot Size Acres0
- Lot Size Area0
- Parking FeaturesAsphalt,Gravel,Outside
- RoofMembrane,Shingle
Structure
- Construction MaterialsHardiPlank Type,Stone
- Foundation DetailsSlab
- Property ConditionResale
- Stories1
- Year Built1954
- Year Built SourcePublic Records
Utilities
- SewerPublic Sewer
- UtilitiesElectricity Connected,Fiber Optic Available,Natural Gas Connected,Sewer Connected,Water Connected
- Water SourcePublic
Financial
- Parcel Number04030102120000
- Tax Annual Amount14,687
- Tax Assessed Value682,243
- Tax Legal DescriptionLOT 1 SHELTON WILLIE I SUBD
- Tax Lot1
- Tax Year2026
Schools
- Elementary SchoolTravis Hts
- Elementary School DistrictAustin ISD
- High SchoolTravis
- High School DistrictAustin ISD
- Middle Or Junior SchoolLively
- Middle Or Junior School DistrictAustin ISD
Location
- CountryUnited States
- County Or ParishTravis
- DirectionsFrom 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. Parking is easiest from Wilson St., with a driveway that accommodates several cars.
- Latitude30
- Longitude-98
- MLS Area Major6
- Postal Code78704
- Street Direction PrefixW
- Street NameLive Oak
- Street Number401
- Street Number Numeric401
- Street SuffixStreet
- Subdivision NameShelton Willie I
- Unparsed Address401 W Live Oak ST
Listing Info
- Attribution Contact(512) 751-3022
- Contract Status Change DateSeptember 10, 2026
- Cumulative Days On Market18
- Days On Market18
- DisclosuresLead Based Paint Disclosure,Seller Disclosure
- Documents AvailableAerial,Disclosure(s),Rent Rolls,Survey
- Documents Change TimestampSeptember 28, 2026
- Documents Count5
- Internet Automated Valuation DisplayYes
- List AORAustin Board of Realtors
- List Agent Direct Phone(512) 751-3022
- List Agent First NameAlexa
- List Agent Full NameAlexa Kanelos
- List Agent Key13980104
- List Agent Last NameKanelos
- List Agent MLS ID628825
- List Agent National Association ID785034871
- List Agent URLwww.alexakanelos.com
- List Office EmailTxbroker@compass.com
- List Office Key2681937
- List Office MLS ID700459
- List Office NameCompass RE Texas, LLC
- List Office Phone(512) 575-3644
- List Price1,180,000
- Listing AgreementExclusive Right To Sell
- Listing Contract DateSeptember 10, 2026
- Listing ID3738812
- Listing Key1190446089
- Listing ServiceFull Service
- Listing TermsCash,Conventional,VA Loan
- Major Change TimestampSeptember 10, 2026
- MLS StatusActive
- Modification TimestampSeptember 28, 2026
- Occupant TypeTenant
- On Market DateSeptember 10, 2026
- Original Entry TimestampSeptember 10, 2026
- Originating System Key246433558
- Originating System NameACTRIS
- Ownership TypeFee Simple
- Photos Change TimestampSeptember 28, 2026
- Photos Count28
- PossessionClosing & Funding
- Price Change TimestampSeptember 10, 2026
- Showing Contact NameAlexa Kanelos
- Showing Contact Phone512-751-3022
- Showing Contact TypeAgent
- Sign On PropertyYes
- Source System Key1190446089
- Special Listing ConditionsStandard
- Status Change TimestampSeptember 10, 2026
- Syndicate ToApartments.com,AustinHomeSearch.com,HAR.com,ListHub,Realtor.com
- Syndication RemarksRare 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 offers three separate living spaces on one lot: a 2BR/2BA main house (approx. 1,104 SF) plus two private guest apartments behind it - ideal for an owner-occupant, multigenerational living, or an investor seeking rental income. The main house was renovated in 2021 with a remodeled bathroom, refinished original hardwood floors, fresh paint, a new refrigerator, and foam insulation in the walls and under the house. Windows have been updated throughout. The rear building has two independent units, each with its own private entrance and access to the gated yard: Upper (approx. 660 SF): 2BR/1BA, large porch screened in 2021, washer/dryer, updated HVAC. Leased to long-term tenants for approximately 10 years. Interior not yet updated - room to renovate. Lower (approx. 660 SF including storage area): 1BR/1BA, furnished, washer/dryer. Currently a short-term rental. The storage area may be converted to expand living space, subject to buyer verification of permitting. Current gross rental income is approximately $6,600/month ($79,200 annually) per seller. All three units are currently tenant-occupied; rent roll and lease details available upon request. A buyer's use of the main house is subject to current lease terms. Parking for up to 7 vehicles. Any STR use is subject to buyer verification of applicable city regulations and permitting. Owner pays utilities. Square footages per Travis CAD; approximate, buyer to verify. A flexible, income-supported property in one of Austin's most sought-after neighborhoods. Close to South Congress, South Lamar, and Lady Bird Lake, with restaurants, shopping, and entertainment nearby. The 8,612 SF corner lot may also offer redevelopment potential, subject to buyer verification of zoning and permitting.
- Universal Property IDUS-48453-N-04030102120000-R-N
- Videos Change TimestampSeptember 28, 2026
- Videos Count0
Features & Amenities
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Meet your agent
Alexa Kanelos
Listing Agent · Compass RE Texas, LLC
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