601 E Covington Dr Unit A & B Austin, TX 78753
Walnut Creek Park NeighborhoodEstimated payment $3,927/month
Highlights
- 0.35 Acre Lot
- Cathedral Ceiling
- Granite Countertops
- Mature Trees
- Corner Lot
- Private Yard
About This Home
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
Listing Agent
Landmark Properties Brokerage Phone: (512) 255-8873 License #0574801 Listed on: 08/31/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,700
Year Built
- Built in 1969
Lot Details
- 15,037 Sq Ft Lot
- Lot Dimensions are 105 x 140
- West Facing Home
- Chain Link Fence
- Corner Lot
- Mature Trees
- Private Yard
- Back and Front Yard
Home Design
- Duplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 1,223 Sq Ft Home
- 1-Story Property
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Gas Log Fireplace
- Blinds
- Family Room with Fireplace
- Living Room
- Tile Flooring
- Fire and Smoke Detector
- Laundry Room
Kitchen
- Breakfast Bar
- Free-Standing Gas Range
- Dishwasher
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Carport
Outdoor Features
- Patio
Schools
- Walnut Creek Elementary School
- Dobie Middle School
- Navarro Early College High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- ENERGY STAR Qualified Water Heater
Listing and Financial Details
- Assessor Parcel Number 02502319040000
Community Details
Overview
- No Home Owners Association
- Walnut Forest Subdivision
Pet Policy
- Pets allowed on a case-by-case basis
- Pet Deposit $1,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,977 | $692,628 | $324,114 | $368,514 |
| 2023 | $11,279 | $811,036 | $275,000 | $536,036 |
| 2022 | $15,474 | $783,529 | $275,000 | $508,529 |
| 2021 | $9,949 | $457,066 | $125,000 | $332,066 |
| 2020 | $7,528 | $351,000 | $125,000 | $226,000 |
| 2018 | $7,146 | $322,758 | $125,000 | $197,758 |
| 2017 | $6,185 | $277,326 | $75,000 | $202,326 |
| 2016 | $5,489 | $246,146 | $40,000 | $206,146 |
| 2015 | $5,148 | $250,574 | $50,000 | $200,574 |
| 2014 | $5,148 | $227,302 | $50,000 | $177,302 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2026 08/31/26 | For Sale | $550,000 | -- | $450 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 1420721
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Unlock MLS (Austin Board of REALTORS®) as distributed by MLS GRID
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Ask me questions while you tour the home.