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      $950,000
      For Sale

      Diane Drive

      Austin, TX 78745
      2194 sqft | 4 beds | 4 baths | 0.31 acres | #4090020
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      26 photos
      Type:Purchase
      Structure:House
      Zone:Residential

      Description

      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.

      • Property Details
          • Lot DescriptionCorner Lot, Level, Trees Large Size, Trees Medium Size, Xeriscape
          • Utility FeaturesElectricity Available, Natural Gas Available
          • ViewNeighborhood, Panoramic
          • Exterior MaterialsBalcony, Private Yard
          • Property SubtypeSingleFamilyResidence
          • FoundationPillar Post Pier
          • InteriorCeiling Fans
          • Sewer InformationPublic Sewer
          • SubdivisionFord Place 2
          • School DistrictAustin ISD
          • Middle SchoolCovington
          • Property TypePurchase
          • High SchoolCrockett
          • Original List Price$950,000
          • Cost950000.0
          • Short SaleStandard
          • MLS #4090020
          • MLS #4090020
          • Acres0.3056
          • Square Feet2194.0
          • Utility SourcePublic
          • Elementary SchoolJoslin
          • CountyTravis
          • Property ConditionResale
          • Year Built1981
          • Bathrooms4.0
          • Parking Spaces0.0
          • Bedrooms4
          • Full Baths4
          • Days on Market (Cumulative)1

      Location

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      Based on information submitted to the MLS GRID as of 2025-12-09 23:12:25 UTC. 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.


      The 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. Based on information from the Austin Board of REALTORS®. 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.

      Last Updated: Yesterday at 7:29 PM. Source: ACTRIS

      Provided By
      Listing Agent: Dave Murray (#340639), Phone: (512) 751-6060
      Listing Office: Keller Williams Realty (#0991)

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