000 Diane DR
Under ContractAustin, TX 78745
Keller Williams Realty · MLS# 6325971 · Under Contract
$950,000
Beds
0
Baths
0
Sq Ft
—
Acres
0.3056
Built
—
Type
Unimproved Land
About This Home
Income-Producing South Austin Compound with Redevelopment Potential Discover a rare opportunity in one of South Austin’s most vibrant and connected neighborhoods. This income-producing compound on an oversized corner lot generates up to $4,800 per month and is zoned SF-3, falling under the new City of Austin HOME Phase 2 zoning regulations for 1,800 sqft lots — offering the potential for 7 lots (Buyer to verify). Whether you’re an investor seeking strong rental income or a developer exploring future possibilities, this property delivers both versatility and value. The front 2-bedroom, 2-bath home offers comfortable living with charm and functionality, while the back building includes two 1-bedroom, 1-bath apartments. The upstairs apartment features a private deck tucked among mature trees, giving it a unique, treehouse-like vibe that tenants love. Enjoy a prime South Austin location where everything you love is just minutes away — walk or bike to El Chilito, Randall’s Grocery, and Radio Coffee & Beer, or take a quick 10-minute drive to Downtown Austin, Zilker Park, Barton Springs, and the Barton Creek Greenbelt. This is a one-of-a-kind investment with endless potential in the heart of Austin’s coolest corridor.
Exterior & Lot
- Exterior
- See Remarks, Balcony, Private Yard
- Lot
- Corner Lot, Level, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Xeriscape
- Fencing
- Chain Link, Privacy
- View
- See Remarks, Neighborhood, Panoramic
- Condition
- Resale
Community & Schools
- Elementary
- Joslin
- Middle
- Covington
- High school
- Crockett
- District
- Austin ISD
Location
000 Diane DR · Austin, TX 78745
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$950,000
000 Diane DR