3408 Northland Drive
Austin, TX 78731
$795,000
2,702 sqft
beds
baths
Description
Exceptional Income-Producing Property in Northwest Hills!!! This well-maintained, income-producing property offers an outstanding central location with easy access to major thoroughfares, employers, shopping, and dining. Recently updated and fully leased, the property provides immediate and stable cash flow with strong rental performance. The property consists of three thoughtfully configured units, each with its own private outdoor space—an increasingly rare and valuable feature in central Austin. Recent upgrades include updated kitchens and bathrooms, tile and granite finishes, luxury vinyl plank flooring, and a freshly painted exterior. All units are in excellent condition and have been thoughtfully maintained. Unit A: 2-bedroom, 1-bath unit featuring a spacious side yard, leased at $1,500/month plus utilities. Lease expires March 1, 2027. Unit B: 3-bedroom, 2-bath residence with a large private backyard, currently leased at $2,095/month plus utilities. Lease expires August 31, 2026. Unit C: Garage studio apartment with full kitchen, bathroom with shower, and private yard, leased at $1,195/month plus utilities. Lease expires August 31, 2026. Total monthly rents are at $4,790, generating $57,480 in gross annual income. After taxes and insurance, the property nets approximately $46,000 annually, making this an attractive opportunity for investors seeking both cash flow and long-term appreciation. With strong in-place leases, private yards for every unit, and a premier Northwest Hills location, this property offers a rare combination of stability, quality, and upside in one of Austin’s most sought-after submarkets. Property is legal duplex. Agent accompanied showings with LOI or offer submittal only.
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| McCallum High School | 9 - 12 | Regular |
| Lamar Middle School | 6 - 8 | Regular |
| Highland Park Elementary School | KG - 5 | Regular |
| Unassigned | EE - EE | Regular |
| Unassigned | PK - PK | Regular |
| 5 Schools | ||
*All school information should be verified by local Independent School District.
* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.
The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.