3408 Northland DR
Austin, TX, 78731
$795,000
Beds
0 Baths
2,702 SqFt
0.28 Acres
Add
MLS #5191613 image #0
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.
Listing Provided Courtesy of Compass RE Texas, LLC

Property Details

Price:
$795,000
MLS #:
5191613
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Triplex
Subdivision:
Highland Hills Sec 01
Listed Date:
Feb 12, 2026
Finished Sq Ft:
2,702
Lot Size:
12,341 sqft / 0.28 acres (approx)
Year Built:
1958
Highland Hills Sec 01Austin IsdHighland ParkLamar (austin Isd)MccallumNone

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Schools

School District:
Austin ISD
Elementary School:
Highland Park
Middle School:
Lamar (Austin ISD)
High School:
McCallum

Interior

Appliances
Dishwasher, Disposal, Exhaust Fan, Free-Standing Refrigerator
Cooling
Ceiling Fan(s), Central Air
Flooring
Tile, Vinyl
Heating
Central

Exterior

Community Features
None
Exterior Features
Private Entrance, Private Yard
Other Structures
None
Parking Features
Circular Driveway
Roof
Composition

Financial

Taxes
$11,104

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Multi Family in Austin as of Mar 12, 2026
163
Multi Family Listed
119
Avg DOM
300
Avg $ / SqFt
$802,577
Avg List Price

Property Summary

    Located in the Highland Hills Sec 01 subdivision, 3408 Northland DR Austin TX is a Multi Family for sale in Austin, TX, 78731. It is listed for $795,000 To schedule a showing of MLS#5191613 at 3408 Northland DR in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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