Rare opportunity in the desirable Bouldin area of 78704, minutes from Downtown Austin! Situated on an approximately 8,612 SF (.198-acre) corner lot in prime Central Austin, this property offers three separate living spaces on one lot: a 2BR/2BA main house (approx. 1,104 SF) plus two private guest apartments behind it - ideal for an owner-occupant, multigenerational living, or an investor seeking rental income. The main house was renovated in 2021 with a remodeled bathroom, refinished original hardwood floors, fresh paint, a new refrigerator, and foam insulation in the walls and under the house. Windows have been updated throughout. The rear building has two independent units, each with its own private entrance and access to the gated yard: Upper (approx. 660 SF): 2BR/1BA, large porch screened in 2021, washer/dryer, updated HVAC. Leased to long-term tenants for approximately 10 years. Interior not yet updated - room to renovate. Lower (approx. 660 SF including storage area): 1BR/1BA, furnished, washer/dryer. Currently a short-term rental. The storage area may be converted to expand living space, subject to buyer verification of permitting. Current gross rental income is approximately $6,600/month ($79,200 annually) per seller. All three units are currently tenant-occupied; rent roll and lease details available upon request. A buyer's use of the main house is subject to current lease terms. Parking for up to 7 vehicles. Any STR use is subject to buyer verification of applicable city regulations and permitting. Owner pays utilities. Square footages per Travis CAD; approximate, buyer to verify. A flexible, income-supported property in one of Austin's most sought-after neighborhoods. Close to South Congress, South Lamar, and Lady Bird Lake, with restaurants, shopping, and entertainment nearby. The 8,612 SF corner lot may also offer redevelopment potential, subject to buyer verification of zoning and permitting.
Active
$1,180,000
401 W Live Oak St, Austin, TX 78704
5beds
2,533sqft
Single Family Residence
Built in 1954
8,611 Square Feet Lot
$1,118,600 Zestimate®
$466/sqft
$-- HOA
What's special
Fresh paintRemodeled bathroomNew refrigeratorGated yardRefinished original hardwood floorsCorner lot
- 30 days
- 994
- 53
Zillow last checked:
Listing updated:
Listed by:
Alexa Kanelos (512) 751-3022,
Compass RE Texas, LLC (512) 575-3644
Source: Unlock MLS,MLS#: 3738812
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 3
Bedroom
- Description: Lower level of Back House with Separate Entrance. 1 Bed/ 1 Bath with Kitchenette and stacked Laundry.
- Level: First
Bedroom
- Description: Separate Guest House in Back with 2 Beds/ 1 Bath. Full Kitchen / Living Room and Screened Porch. Separate Utilities and Entrance
- Level: Second
Bedroom
- Description: Inviting primary suite with beautiful original wood floors, abundant natural light, and a warm, timeless feel.
- Level: Main
Kitchen
- Description: Light-filled, updated kitchen with crisp white cabinetry, quartz countertops, oversized island with seating, stainless steel appliances, and a striking turquoise subway tile backsplash, complemented by original wood floors.
- Features: Ceiling Fan(s), Kitchen Island, Quartz Counters, Eat-in Kitchen, Open to Family Room
- Level: Main
Other
- Description: Bright, inviting screened sunroom with a covered roof, screened walls, and multiple access points, creating a comfortable indoor-outdoor living space.
- Level: Main
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Free-Standing Electric Range, Free-Standing Gas Range, Free-Standing Refrigerator, Washer/Dryer, Gas Water Heater
Features
- 2 Primary Baths, Breakfast Bar, Stone Counters, High Speed Internet, Kitchen Island
- Flooring: Tile, Wood
Interior area
- Total interior livable area: 2,533 sqft
Property
Parking
- Parking features: Asphalt, Gravel, Outside
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Porch, Screened, Side Porch
- Fencing: Block, Wood
- View description: None
- Waterfront features: None
Lot
- Size: 8,611 Square Feet
- Features: Back Yard, Corner Lot, Front Yard, Level
Details
- Additional structures: Guest House, Shed(s)
- Parcel number: 04030102120000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Membrane, Shingle
Condition
- Resale
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Internet-Fiber, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: Shelton Willie I
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $466/sqft
- Tax assessed value: $682,243
- Annual tax amount: $14,686
- Date on market: 9/10/2026
- Listing terms: Cash,Conventional,VA Loan
- Electric utility on property: Yes
Estimated market value
$1,118,600
$1.06M - $1.17M
$8,186/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Listed for sale | $1,180,000$466/sqft |
Source: | ||
| 12/17/2024 | Listing removed | $3,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/14/2024 | Listed for rent | $3,000-13%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/16/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/6/2024 | Listed for rent | $3,450$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/8/2023 | Listed for rent | $3,450+15%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/6/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/26/2022 | Price change | $3,000-22.6%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/21/2022 | Price change | $3,875+3.3%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/20/2022 | Listed for rent | $3,750$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,840 +23.9% | $682,243 -15.5% |
| 2024 | $1,485 -65.4% | $807,654 +10% |
| 2023 | $4,291 -63% | $734,231 +10% |
| 2022 | $11,603 | $667,483 +10% |
| 2021 | -- | $606,803 +5.1% |
| 2020 | $11,701 +12.8% | $577,096 |
| 2019 | $10,372 +17.3% | $577,096 +19.5% |
| 2018 | $8,846 | $483,099 +10% |
| 2017 | $8,846 +21.5% | $439,181 +10% |
| 2016 | $7,280 | $399,255 +10% |
| 2015 | $7,280 | $362,959 +10% |
| 2014 | $7,280 | $329,963 +5.3% |
| 2013 | -- | $313,280 |
| 2012 | -- | $313,280 +10% |
| 2011 | -- | $284,800 -1.8% |
| 2010 | -- | $290,000 +0.8% |
| 2009 | -- | $287,581 +10% |
| 2008 | -- | $261,437 +10% |
| 2007 | -- | $237,670 +10% |
| 2006 | -- | $216,064 +10% |
| 2005 | -- | $196,422 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Bouldin Creek
Nearby schools
Schools provided by the listing agent
- Elementary: Travis Hts
- Middle: Lively
- High: Travis
- District: Austin ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







