$595,000
3 bd · 2 ba · 1,556 sqft
1614 Elmira Rd, Austin, TX 78721
1614 Elmira Rd, Austin, TX 78721 is a 3-bedroom, 2-bathroom single family residence listed at $595,000 ($382/sqft). 1,556 sqft. Built in 1957. MLS #6066050. Listed by Tiffany Russell Group.
Property Overview
This Grant Park property at 1614 Elmira Road presents an immediate income opportunity with dual rental units operating in one of East Austin's most dynamic neighborhoods. The original 1957 main house contains three bedrooms and one bathroom with an established long-term tenant, while a separately-metered 2021-built ADU features a modern studio layout with soaring 15-foot vaulted ceilings, private entrance, and enclosed yard ideal for flexible short-term leasing. Both units generate consistent monthly cash flow from day one, positioned just minutes from Mueller and downtown Austin.
Set on a generous 0.25-acre lot near East MLK Boulevard, this property capitalizes on the rapid evolution of East Austin's real estate market. The dual-unit structure offers flexibility for investors seeking passive income or those interested in selective renovation and expansion. The newer ADU demonstrates quality construction standards, while the spacious lot size provides options for future development. At $382 per square foot, the pricing reflects strong value for an income-producing asset in this increasingly sought-after corridor. Seller financing may be available for qualified buyers.
Vox Real Estate Insight
The real strength of 1614 Elmira lies in its dual-income setup with minimal vacancy risk, which is increasingly rare in East Austin's competitive investor market. We're seeing properties like this attract both cash-flowing investors and owner-operators looking to establish themselves in one of the city's most revitalized neighborhoods, and the flexible short-term rental history of the ADU positions this for sustained revenue streams.
Agent Description
Cash-flowing income property in East Austin's Grant Park/East MLK neighborhood, minutes from Mueller and downtown. Owner financing available at 4.99%. The main house (Unit 1) offers 3 bedrooms and 1 bath in approximately 1,024 square feet, built in 1957, leased through June 2027 with a long-term tenant in place, and recently updated with a new roof, HVAC, water heater, and water/sewer lines. The side-entry ADU (Unit 2), built in 2021 and City of Austin permitted, is a 1-bedroom, 1-bath studio with soaring 15-foot vaulted ceilings, a private entrance, and its own fenced yard, operated as a mid-term rental with income that varies seasonally. Set on a spacious 0.25-acre lot, this property offers multiple paths forward: hold for cash flow, remodel, or redevelop to maximize rental income in one of East Austin's fastest-evolving corridors. Seller financing may be available to qualified buyers, inquire with listing agent for details. Buyer and buyer's agent to verify all information.
Property Details
| Property Type | Single Family Residence |
| Year Built | 1957 |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Living Area | 1,556 sqft |
| Lot Size | 0.25 acres |
| Price / Sqft | $382 |
| Stories | One |
| Condition | Resale |
| Unit Style | 1st Floor Entry |
| Subdivision | Grant Park |
| County | Travis |
| MLS Area | 5 |
| Listed | Jul 16, 2026 |
| MLS # | 6066050 |
| Listed By | Tiffany Russell Group |
Interior
| Flooring | Tile, Wood |
| Appliances | Dishwasher, Disposal, Gas Cooktop, RNGHD, Refrigerator, Vented Exhaust Fan, Washer/Dryer Stacked, Tankless Water Heater |
| Interior Features | Ceiling Fan(s), Ceiling-High, Primary Bedroom on Main |
| Laundry | Inside, Laundry Closet |
| Main-Level Bedrooms | 3 |
Systems & Utilities
| Cooling | Central Air, Ductless |
| Heating | Central, Ductless |
| Utilities | Electricity Connected, Natural Gas Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Frame, Cement Siding |
| Roof | Asphalt, Metal |
| Foundation | Pillar/Post/Pier, Slab |
| Exterior Features | Exterior Steps, Private Yard |
| Fencing | Wood |
| Lot Features | Trees-Large (Over 40 Ft) |
| Faces | East |
Parking
| Parking Spaces | 3 |
| Parking Features | Attached Carport, Driveway, Gravel, Off Street |
Community & HOA
| HOA | No |
Assigned Schools
| Elementary | Sims |
| Middle | Garcia |
| High | Northeast Early College |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2026 |
| Annual Tax | $8,979 |
| Assessed Value | $417,639 |
| Parcel # | 02122004220000 |
| Legal Description | LOT 41 OLT 19 DIV B GRANT PARK |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Lead Base Paint Addendum, Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 1614 Elmira Rd, Austin, TX 78721?
This property is listed at $595,000, which is $382 per square foot.
How many bedrooms and bathrooms does 1614 Elmira Rd, Austin, TX 78721 have?
This home has 3 bedrooms and 2 bathrooms, with 1,556 square feet of living space.
When was 1614 Elmira Rd, Austin, TX 78721 built?
This property was built in 1957, making it 69 years old.
How long has 1614 Elmira Rd, Austin, TX 78721 been on the market?
This listing has been on the market for 27 days.
What type of property is 1614 Elmira Rd, Austin, TX 78721?
This is a Single Family Residence on a 10,968.41 sqft lot.