#8983566, Alexander Croft, Listing office: Compass RE Texas, LLC
Property details
About 1401 Drake Ave
The Fairview Portfolio – Core Travis Heights Investment - This unique opportunity consists of five contiguous properties located just east of South Congress Avenue in the highly sought-after Travis Heights neighborhood. The portfolio includes ten residential units—eight of which are currently leased—providing immediate income and value-add potential. Situated in an unbeatable location with walkable access to South Congress dining, retail, and nightlife, these properties are ideal for buy-and-hold investors or developers exploring multi-unit redevelopment options.
Highlights
Home typeMulti Family
StatusActive
Lot size0.1968 Acres
MLS #2598544
ViewCity
Summary
- Waterfront: None
- View: City
- List Price: $1,200,000
- Annual Tax Amount: $20,935
- Tax Year: 2024
- Directions: Heading south on South Congress Avenue, turn east on Monroe and south onto Drake Avenue
- Lot Size: 0.1968 Acres
- MLS Number: 2598544
- MLS Name: ACTRIS
- Office Name: Compass RE Texas, LLC
- Office Phone: (512) 633-4650
- Listing Agent: Sam Archer
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
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Last updated on: 7/25/2025, 6:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,017,134 | $20,935 |
| 2023 | $1,570,828 | $20,935 |
| 2022 | $1,060,056 | $20,935 |
| 2021 | $854,605 | $13,842 |
| 2019 | $650,000 | $13,941 |
| 2018 | $534,290 | $10,678 |
| 2017 | $482,309 | $10,499 |
History based on county public records data.
Nearby schools
7
Travis Heights Elementary School
Public Charter EE-5
0.6 mi
•2010 Alameda Dr
8
Becker Elementary School
Public District PK-5
0.8 mi
•906 W Milton St
2
Sanchez Elementary School
Public District PK-5
0.9 mi
•73 San Marcos St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,670. Most Austin, TX residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
28%
<35k
54%
35k-100k
17%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
86%
Single, No Kids
1%
Single, with Kids
9%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
62%
18-34 yrs old
30%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Tennis
Where do the neighbors shop?
H&M
Bloomingdales
Crate & Barrel
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
BMW
What do the neighbors listen to?
Rhythmic Contemporary Hits
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1401 Drake Ave
The listing price of 1401 Drake Ave property is $1,200,000.
The property 1401 Drake Ave is land located in Austin, Texas, 78704.
Active Listing: 1401 Drake Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1401 Drake Ave are: Travis Heights Elementary School (GreatSchools Rating 7/10), Becker Elementary School (GreatSchools Rating 8/10), Sanchez Elementary School (GreatSchools Rating 2/10), Lively Middle School (GreatSchools Rating 3/10), Martin Middle School (GreatSchools Rating 2/10), Kealing Middle School (GreatSchools Rating 6/10), Phoenix Academy (GreatSchools Rating 1/10), Leadership Academy (GreatSchools Rating 1/10), Graduation Preparatory Academy (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $20,935 (source: MLS/based on county public records data).
The property 1401 Drake Ave is 0.197 acres.
This home is located at 1401 Drake Ave in Austin, TX and zip code 78704 in the Travis Heights / South River City neighborhood. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since June 24, 2025 and is currently priced at $1,200,000.
Over 108 listings were sold over their listed price in June 2025 in Austin, TX. In the same period over 635 listings were sold below the listed price and 149 listings were sold for the listed price. The number of listings in Austin, TX increased by 7.4% between May and June 2025. The median list price of listings available in June 2025 was $575,928, while the average time on the real estate market was 51 days.
From Rocket Homes Real Estate and based on county public records data.