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$485,000

NAL Estimated Property Value

1401 Greenwood Ave 1 & 2, Austin, TX, 78721

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$303.13 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesCooktop, Dishwasher, Dryer, Gas Cooktop, Gas Range, Oven, Range, Free-Standing Range, Free-Standing Gas Range, Refrigerator, Free-Standing Refrigerator, Washer, Washer/Dryer
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Private Yard

About this property

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.

Investor Tools

Property Icon
$485,000
Estimated Property Value
$0Estimated Mortgage Balance
$485,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,910 /month
Positive
Cash Flow Estimate:
$970 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Austin

1401 Greenwood Ave 1 & 2 | Property Details | No Agent List