601 E Covington DR #A & B, Austin, TX 78753
601 E Covington DR #A & B, Austin, TX 78753
601 E Covington DR #A & B, Austin, TX 78753
601 E Covington DR #A & B, Austin, TX 78753
601 E Covington DR #A & B, Austin, TX 78753
601 E Covington DR #A & B, Austin, TX 78753
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$ 550,000
Est. payment | /mo

1,223 SqFt


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$ 550,000
Est. payment | /mo
Save

1,223 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,223 sqft

Price per Sqft $449

Subdivision Walnut Forest

MLS Listing ID 1420721

HOA Y/N No

Year Built 1969

Annual Tax Amount $10,700

Tax Year 2026

Lot Size 0.345 Acres

Acres 0.3452

Lot Dimensions 105 x 140

Property Sub-Type Duplex

Source actris

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

Location

State TX

County Travis

Interior

Interior Features Breakfast Bar, Ceiling Fan(s), Beamed Ceilings, Cathedral Ceiling(s), Granite Counters, Primary Bedroom on Main, Recessed Lighting

Heating Central, Natural Gas

Cooling Central Air

Flooring Tile

Fireplaces Number 1

Fireplaces Type Family Room, Gas Log

Fireplace No

Appliance Dishwasher, Disposal, Free-Standing Gas Range, Refrigerator, Water Heater

Exterior

Exterior Feature Private Yard

Fence Chain Link, Fenced, Privacy

Pool None

Community Features None

Utilities Available Electricity Available, Natural Gas Available

Waterfront Description None

View None

Roof Type Composition

Porch Patio

Total Parking Spaces 2

Building

Lot Description Back Yard, Corner Lot, Front Yard, Trees-Large (Over 40 Ft)

Faces West

Foundation Slab

Sewer See Remarks

Water Public

Level or Stories One

Structure Type Brick Veneer

New Construction No

Schools

Elementary Schools Walnut Creek

Middle Schools Dobie (Austin Isd)

High Schools Navarro Early College

School District Austin Isd

Others

Pets Allowed Negotiable

Special Listing Condition Standard

Pets Allowed Negotiable

Listed by Landmark Properties

Nearby Locations

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601 E Covington DR #A & B