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$2,317,096

1402 Summit St, Austin, TX, 78741

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths880 Sq Ft
DuplexDuplex
price_per_sqft$680.68 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Range, Refrigerator
FlooringWood

Exterior

Exterior FeaturesNone
Lot Size9,683 sqft

Building Information

Year Built2018
Stories2
Roof Type105
Garage Spaces2

Land Information

APN01000312140000
Lot Number1-3
SubdivisionCapital Heights
Land UseResidential
Legal DescriptionLOT 1-3 BLK B CAPITAL HEIGHTS PLUS 1/2 ADJ VAC ALLEY
Census Tract001403
Assessed Land Value$627,955
Assessed Improvement Value$1,689,141
Assessment Year2025

About this property

Small duplex in great area near downtown Highest and best use is to remove existing building. Potential downtown views. 2 water and gas meters.

Investor Tools

Property Icon
$2,317,096
Estimated Property Value
$2,774,000Estimated Mortgage Balance
$0Estimated Equity
-20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,903 /month
Positive
Cash Flow Estimate:
$4,634 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$51,971
$2,317,096
2025
$627,955
$1,689,141
$2,317,096
No

Tax History

Year
Tax Paid
Assessed Value
2024
$51,971
$2,317,096

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$2,774,000
No
First
Jan 23, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,656,905
N/A
0%
115%
$16,632/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$16,632/mo
$-14,544/mo
1.1%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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1402 Summit St | Property Details | No Agent List