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
Beds:
4
Baths:
2.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Greenwood Heights
Listed Date:
Oct 8, 2025
Finished Sq Ft:
1,600
Lot Size:
11,700 sqft / 0.27 acres (approx)
Year Built:
1959
Greenwood HeightsAustin IsdSimsGarciaNortheast Early College

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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, RNGHD, 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

Subdivisions in Austin

Market Summary

Current real estate data for Single Family in Austin as of Nov 01, 2025
3,919
Single Family Listed
100
Avg DOM
395
Avg $ / SqFt
$1,022,448
Avg List Price

Property Summary

    Located in the Greenwood Heights subdivision, 1401 Greenwood Ave # 2 Austin TX is a Single Family for sale in Austin, TX, 78721. It is listed for $485,000 and features 4 beds, 3 baths, and has approximately 1,600 square feet of living space, and was originally constructed in 1959. The current price per square foot is $303. The average price per square foot for Single Family listings in Austin is $395. The average listing price for Single Family in Austin is $1,022,448. To schedule a showing of MLS#6536216 at 1401 Greenwood Ave # 2 in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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1401 Greenwood Ave # 2
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