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1401 Greenwood Ave # 2
Austin, TX, 78721
$485,000
4 Beds
2.5 Baths
1,600 SqFt
0.27 Acres
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Welcome to an ultra-rare opportunity in East Austin: two homes on one lot, optimized for house hacking, investment, or multigenerational living. Imagine your mortgage being partially paid by the front unit while you live in—or lease out—the back.

Front Home
• 2 bedrooms, 1 bath
• Fully operational short-term rental with proven income track record
• Thoughtfully maintained, turnkey ready

Rear Home
• 2 bedrooms, 1.5 baths
• Spacious, private, and comfortable—ideal for long-term occupancy
• Room for customization or upgrades

Property Highlights
• Prime East Austin location, walkable to coffee shops, tacos, parks & nightlife
• Over 0.27 acres (approx.) in size — generous outdoor space for entertaining, gardens, or expansion
• Covered front porch, backyard storage, mature trees offering privacy and shade
• No HOA (freedom to make your vision a reality)
• Proven investment upside: existing income stream plus upside potential
Hot tub hook ups ready to go (the square pea gravel in the backyard)

This isn’t just a single-family home; it’s a strategic real estate play. Whether you want passive income, partial mortgage relief, or flexible multi-unit living, 1401 Greenwood delivers. Compounds like this rarely hit the market in East Austin.

Property Details

Price:
$485,000
MLS #:
6536216
Status:
Active Under Contract
Beds:
4
Baths:
2.5
Address:
1401 Greenwood Ave # 2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Greenwood Heights
City:
Austin
Listed Date:
Oct 8, 2025
State:
TX
Finished Sq Ft:
1,600
ZIP:
78721
Lot Size:
11,700 sqft / 0.27 acres (approx)
Year Built:
1959
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Schools

School District:
Austin ISD
Elementary School:
Sims
Middle School:
Garcia
High School:
Northeast Early College

Interior

Appliances
Cooktop, Dishwasher, Dryer, Gas Cooktop, Gas Range, Oven, Range, Free- Standing Range, Free- Standing Gas Range, R N G H D, Refrigerator, Free- Standing Refrigerator, Washer, Washer/ Dryer
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Multi Units
Flooring
Vinyl
Heating
Forced Air

Exterior

Community Features
None
Exterior Features
Barbecue, Private Yard
Other Structures
Guest House, Residence, Second Residence, Storage
Parking Features
Driveway
Roof
Shingle

Financial

Taxes
$7,643

Map

Community

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1401 Greenwood Ave # 2
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