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Just Listed

$550,000

601 E Covington DR #A & B, Austin, TX 78753

Walnut Forest

Sq Ft1,223
Acres0.35
Year Built1969

About This Property

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

Property Details

Property TypeMulti-Family
MLS #1420721
Days on Market0
Lot Size0.35 acres
Listed8/31/2026
Last Updated8/31/2026

Location

County
Travis
School District
Austin ISD
MLS Area
2N

Size

Lot Description
Back Yard, Corner Lot, Front Yard, Trees-Large (Over 40 Ft)
$/Acre
$1,593,279

Improvements

Fence
Chain Link, Fenced, Privacy
Exterior Features
Private Yard
Heating
Central, Natural Gas
Cooling
Central Air
Appliances
Dishwasher, Disposal, Free-Standing Gas Range, Refrigerator, Water Heater
Flooring
Tile
Fireplaces
Family Room, Gas Log
Fireplace Count
1
Windows
Blinds
Construction Materials
Brick Veneer
Foundation
Slab
Roof
Composition
Direction Faces
West
Pool Features
None
Patio / Porch
Patio
View
None
Community Features
None
Parking Features
Carport

Location

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Listing provided by Chris Ricker · Landmark Properties · (512) 663-8961

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

$550,000