Charming East Austin Compound | 2 Homes, 1 Lot, Endless Possibility. Welcome to your next move — or your next money-maker. This rare East Austin gem features two separate homes on one lot, perfect for house hacking, investing, or multigenerational living. Front Unit: 2 bed / 1 bath | Fully operating short-term rental with proven income history. Back Unit: 2 bed / 1.5 bath | Live comfortably while the front unit helps pay your mortgage. Tucked into a tree-lined corner of East Austin, this compound offers walkable access to the best of the East Side — from coffee and tacos to parks and nightlife. Just minutes from Mueller, East 6th, and all your favorite neighborhood spots. Whether you’re looking to invest, nest, or both, 1401 Greenwood is the kind of opportunity that rarely comes knocking. Flood insurance is $933/year. Buyer to do their own due diligence.
Active
$545,000
1401 Greenwood Ave, Austin, TX 78721
4beds
1,600sqft
Est.:
Single Family Residence
Built in 1959
0.27 Acres Lot
$527,000 Zestimate®
$341/sqft
$-- HOA
What's special
Tree-lined corner
- 4 days
- on Zillow |
- 315 |
- 30 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 10:55am
Listed by:
Stephanie Douglass (512) 222-3720,
Open House Austin Group LLC (512) 222-3720
Source: Unlock MLS,MLS#: 2638120

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 4
Primary bedroom
- Features: Full Bath
- Level: Main
Bathroom
- Features: Soaking Tub
- Level: Main
Kitchen
- Features: None
- Level: Main
Heating
- Forced Air
Cooling
- Multi Units
Appliances
- Included: Cooktop, Dishwasher, Dryer, Gas Cooktop, Oven, Range, Free-Standing Range, Free-Standing Gas Range, RNGHD, Refrigerator, Free-Standing Refrigerator
Features
- 2 Primary Suites, Vaulted Ceiling(s), In-Law Floorplan, Open Floorplan, Primary Bedroom on Main, Storage
- Flooring: Vinyl
- Windows: None
Interior area
- Total interior livable area: 1,600 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Barbecue, Private Yard
- Pool features: None
- Fencing: Back Yard, Fenced, Gate, Perimeter, Wood
- Has view: Yes
- View description: Creek/Stream
- Has water view: Yes
- Water view: Creek/Stream
- Waterfront features: Creek
Lot
- Size: 0.27 Acres
- Features: Back Yard, Level, Many Trees
Details
- Additional structures: Guest House, Residence, Second Residence
- Parcel number: 02111701520000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Above Ground, Electricity Connected, Internet-Fiber, Natural Gas Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Greenwood Heights
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $341/sqft
- Tax assessed value: $385,672
- Annual tax amount: $7,643
- Date on market: 4/22/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
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