Overview
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
Address
- Street601 Covington #A & B
- CityAustin
- SubdivisionWalnut Forest
- CountyTravis
- StateTX
- Zip78753
- MLS #1420721
Interior
- AppliancesDishwasher,Free-Standing Gas Range,Disposal,Gas Water Heater,Refrigerator
- Bathrooms Total Integer0
- Bedrooms Total0
- CoolingYes
- Fireplace FeaturesFamily Room,Gas Log
- Fireplaces Total1
- FlooringTile
- HeatingCentral,Natural Gas
- Interior FeaturesBeamed Ceilings,Breakfast Bar,Open Beams/Beamed Ceailings,Ceiling Fan(s),Cathedral Ceiling(s),Granite Counters,Main Level Primary,Recessed Lighting
- Laundry FeaturesLaundry Room,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
- LevelsOne
- Living Area1,223
- Living Area SourcePublic Records
- Room TypeBedroom,Kitchen,Laundry,Living Room,Primary Bathroom,Primary Bedroom
Exterior
- Covered Spaces0
- Direction FacesWest
- Exterior FeaturesPrivate Yard
- FencingChain Link,Fenced,Privacy
- Garage Spaces0
- Lot FeaturesBack Yard,Corner Lot,Front Yard,Trees Large Size
- Lot Size Acres0
- Lot Size Area0
- Lot Size Dimensions105 x 140
- Parking FeaturesCarport
- RoofComposition
Structure
- Construction MaterialsBrick Veneer
- Foundation DetailsSlab
- Number Of Units Total2
- Property ConditionResale
- Stories1
- Year Built1969
Utilities
- SewerSee Remarks
- UtilitiesElectricity Available,Natural Gas Available
- Water SourcePublic
Financial
- Owner PaysHVAC Maintenance,Insurance,Repairs,Roof Maintenance,Taxes
- Parcel Number02502319040000
- Pets AllowedNegotiable
- Tax Annual Amount10,700
- Tax Assessed Value522,848
- Tax Legal DescriptionLOT 44 WALNUT FOREST
- Tax Lot44
- Tax Year2026
- Total Actual Rent3,550
Schools
- Elementary SchoolWalnut Creek
- Elementary School DistrictAustin ISD
- High SchoolNavarro Early College
- High School DistrictAustin ISD
- Middle Or Junior SchoolDobie (Austin ISD)
- Middle Or Junior School DistrictAustin ISD
Location
- CountryUnited States
- County Or ParishTravis
- DirectionsFrom I-35,Go W.on Braker 1 blk,Rt.on Oakwood,Rt.E.Covington
- Latitude30
- Longitude-98
- MLS Area Major2N
- Postal Code78753
- Street Direction PrefixE
- Street NameCovington
- Street Number601
- Street Number Numeric601
- Street SuffixDrive
- Subdivision NameWalnut Forest
- Unit NumberA & B
- Unparsed Address601 E Covington DR A & B
Listing Info
- Attribution Contact(512) 255-8873
- Contract Status Change DateAugust 31, 2026
- Cumulative Days On Market24
- Days On Market24
- DisclosuresLead Based Paint Disclosure,Owner Is Listing Agent
- Documents AvailableLease,Survey
- List AORAustin Board of Realtors
- List Agent Direct Phone(512) 663-8961
- List Agent First NameChris
- List Agent Full NameChris Ricker
- List Agent Key13978602
- List Agent Last NameRicker
- List Agent Middle NameChristopher
- List Agent MLS ID574801
- List Agent National Association ID790610179
- List Office Emaillandmarktx@aol.com
- List Office Key983348
- List Office MLS ID0672
- List Office NameLandmark Properties
- List Office Phone(512) 255-8873
- List Price550,000
- Listing AgreementExclusive Right To Sell
- Listing Contract DateAugust 31, 2026
- Listing ID1420721
- Listing Key1189190499
- Listing ServiceFull Service
- Listing TermsCash,Conventional,FHA,Fannie Mae,Lender Approval,VA Loan
- Major Change TimestampAugust 31, 2026
- MLS StatusActive
- Modification TimestampSeptember 24, 2026
- Occupant TypeTenant
- On Market DateAugust 31, 2026
- Original Entry TimestampAugust 31, 2026
- Originating System Key242883811
- Originating System NameACTRIS
- Photos Change TimestampAugust 31, 2026
- Photos Count40
- Showing Contact NameChris Ricker
- Showing Contact Phone5126638961
- Showing Contact TypeOwner
- Source System Key1189190499
- Special Listing ConditionsStandard
- Status Change TimestampAugust 31, 2026
- Syndicate ToApartments.com,AustinHomeSearch.com,HAR.com,ListHub,Realtor.com
- Syndication RemarksExcellent 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
- Universal Property IDUS-48453-N-02502319040000-R-N
Features & Amenities
- Back Yard
- Beamed Ceilings
- Breakfast Bar
- Carport
- Cathedral Ceiling(s)
- Ceiling Fan(s)
- Central
- Corner Lot
- Dishwasher
- Disposal
- Electric Dryer Hookup
- Free-Standing Gas Range
- Front Yard
- Gas Dryer Hookup
- Gas Water Heater
- Granite Counters
- Laundry Room
- Main Level Primary
- Natural Gas
- Open Beams/Beamed Ceailings
- Private Yard
- Recessed Lighting
- Refrigerator
- Tile
- Trees Large Size
- Washer Hookup
Mortgage Calculator
- Principal & interest
- Property tax
- Home insurance
- PMI
- HOA dues
Estimates only and not a loan offer. Taxes, insurance and rates vary — confirm with a lender.
Meet your agent
Chris Ricker
Listing Agent · Landmark Properties
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