Under contract
$950,000
000 Diane Dr
Austin, TX 78745
- 0 beds
- 0 baths
- 0.31 acres
Listing courtesy of Keller Williams Realty · (512) 448-4111 · MLS# 6325971 · Status: Active Under Contract
About this property
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.
Description provided by the listing brokerage.
Facts
- Property type
- Land · Unimproved Land
- Lot size
- 0.31 acres
- County
- Travis
- Neighborhood
- Ford Place 2
- School district
- Austin ISD
- Schools
- Joslin · Covington · Crockett
Features
- View
- See Remarks, Neighborhood, Panoramic
- Sewer
- Public Sewer
- Fencing
- Chain Link, Privacy
- Utilities
- Electricity Available, Natural Gas Available
- Lot
- Corner Lot, Level, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Xeriscape
- Water
- Public
- Horse amenities
- None
- Exterior
- See Remarks, Balcony, Private Yard
- Community
- None
- Waterfront
- None
Location
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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