New Listing
$550,000
 $2,953 est/mo Sourced by Back At You

601 E Covington Dr #a & B,Austin, TX 78753

Austin, TX 78753

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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

Details

MLS #1420721
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1969
Days On Site2
Listing Provided ByLandmark Properties | Chris Ricker

Features

SQ Feet1,223
Car PortYes
Story(s)1
Acreage0.35
Water FrontYes
Property ViewNone

Interior

Interior FeaturesBreakfast Bar, Ceiling Fan(s), Beamed Ceilings, Cathedral Ceiling(s), Granite Counters, Primary Bedroom on Main, Recessed Lighting
CoolingCentral Air
HeatingCentral, Natural Gas
AppliancesDishwasher, Disposal, Free-Standing Gas Range, Refrigerator, Water Heater
Fireplace FeaturesFamily Room, Gas Log
Fireplaces Total1
Window FeaturesBlinds
FlooringTile

Exterior

Exterior FeaturesPrivate Yard
RoofComposition
Foundation DetailsSlab
Lot FeaturesBack Yard, Corner Lot, Front Yard, Trees-Large (Over 40 Ft)
Patio And Porch FeaturesPatio
FencingChain Link, Fenced, Privacy
Construction MaterialsBrick Veneer
Security FeaturesSmoke Detector(s)

Parking

Parking FeaturesCarport
Garage Spaces0

Utilities

UtilitiesElectricity Available, Natural Gas Available
SewerSee Remarks

Other

List AorAustin Board Of Realtors

Taxes

Property10700

Area Information

StateTX
CountyTravis
CityAustin
Zip Code78753
Area2N
Community NameWalnut Forest
School DistrictAustin ISD
Elementary SchoolWalnut Creek
High SchoolNavarro Early College
Listing VS Median (in Walnut Forest)
Price:
$550,000
low | high
Med:
$0
On site:
2
low | high
Med:
Sourced by Back At You

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 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of September 2, 2026 at 4:04:51 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTX
CountyTravis
CityAustin
Zip Code78753
Area2N
Community NameWalnut Forest
School DistrictAustin ISD
Elementary SchoolWalnut Creek
High SchoolNavarro Early College
Listing VS Median (in Walnut Forest)
Price:
$550,000
low | high
Med:
$0
On site:
2
low | high
Med:
Sourced by Back At You
Listing Updated: September 1, 2026 at 3:10:34 AM PDT
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