000 Diane Dr, Austin, TX 78745
- $950,000
- List Price
- $950,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 6325971
- Days on Market
- 276
- Lot Size
- 13,311
- Area
- Austin - South
Property 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.
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Additional Information
- Tax Year
- 2025
- Exterior Features
- See Remarks, Balcony, Private Yard
- Region
- Austin - South
- View
- Panoramic
- School District
- Austin ISD
- Elementary School
- Joslin
- High School
- Crockett
- Middle School
- Covington
- Sewer
- Public Sewer
- Street Name
- Diane Dr
- Street Number
- 000
- Neighborhood
- Ford Place 2
- Water
- Public
- Acres
- 0.31
- County
- Travis
- Lot Description
- Corner Lot, Level, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Xeriscape
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Listing courtesy of Keller Williams Realty. Contact: (512) 751-6060
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