1148 Northwestern Ave - Residential Income FOR SALE


Austin, TX 78702- East Downtown
$900,000 USD
805-717-5524
1148 Northwestern Ave, Austin, TX for Sale
$900,000 USD
Residential Income - FOR SALE
1/39
null | Request Cap Rate

1148 Northwestern Ave
Austin, TX 78702
East Downtown


HIGHLIGHTS

  • Historic Tax Exemption! Taxes approx $3,300/yr.

OVERVIEW

Historic Home + ADU: Welcome to the iconic Sallie Johnson House (exceptionally low tax rate; approx $3,300/year) in Central East Austin at Northwestern & Rosewood Ave- just steps from Sam’s BBQ, Whistlers, Rockstar Bagels, Eastside Pies, Hillside Farmacy, Quickie Pickie, Rosewood Park/Pool, and Boggy Creek Trails. This 957 sqft 1925 bungalow was tastefully remodeled in 2017 with “Scandinavian farmhouse meets mid-century modern” inspiration. The wall between the Living/Dining Room was removed, and recessed lighting was added throughout to create a more cohesive flow. The original pine shiplap was repurposed into living room shelves and the original hardwood floors remain. The light-filled Primary Bedroom sits at the back for privacy and has a reach-in closet. The Primary Bathroom, located adjacent to the Primary Bedroom, features an oversized walk-in shower and double vanity. The second Bedroom has two reach-in closets and a space-saving sliding door. The third Bedroom was previously used as an Office and features a sliding door to the Living Room (no traditional closet). A 297 sqft ADU, added in 2017, has an 88 sqft Loft (large enough for a full/queen bed), walk-in shower, and full kitchenette with a gas range. Both homes feature low-maintenance astro turf and a perimeter fence. The ADU has its own yard, private access from Rosewood, and is separated from the main home by a small picket fence. ADU interior photos are from 9/24. Well-maintained by the Owner/long-term tenants, the main home is move-in ready; ADU is leased through 3/31/25, making this an ideal Owner-Occupant/Investor opportunity. Plus, the Historic Exemption reduces property taxes to approx. $3,300 and saves upwards of $10k annually. Tax records and Rent Roll available. The renovation was featured on Apartment Therapy; Austin History Center has more on Sallie Johnson (links available). Shared meters. Previous survey, renovation selections, and floor plan on file. Appointments Required. Buyer/Agent to verify all info.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$718 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Sallie Johnson House (Historic Home) + ADU

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

194974

ASK ABOUT THIS PROPERTY

Amber AshyTeifke Real EstateMore Info
805-717-5524

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Amber AshyTeifke Real EstateMore Info
805-717-5524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.