
$600,000
NAL Estimated Property Value2003 Greenwood Ave, Austin, TX, 78723
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Attention RENOVATION BUYERS and INVESTORS: Despite its current condition, this 3-bedroom home holds great potential. The huge living room can be accentuated by removing non-load-bearing walls, creating a more spacious and welcoming atmosphere. Replacing the flooring and possibly refinishing the original hardwood floors could restore their natural beauty. In the kitchen, a complete overhaul is possible. New cabinets, quartz or granite countertops, and stainless steel appliances could transform the space into a modern culinary haven. The addition of an island or a breakfast bar might enhance its functionality. For the bedrooms, fresh paint, new flooring, and closet expansions could breathe new life into the spaces. The bathrooms could be transformed with new tiles, modern fixtures, and improved lighting, giving them a spa-like feel. There is room for at least one more bathroom and an ADU out back. The exterior could benefit from a new coat of paint, repairing or replacing the front porch flooring, and upgrading the windows to energy-efficient models. Landscaping efforts could rejuvenate the front yard and create an inviting curb appeal. Overall, the home presents a wonderful opportunity for renovation, where a harmonious blend of maintaining its classic charm while integrating modern amenities and design trends could turn it into a comfortable, stylish, and functional residence for years to come. INVESTORS: Since you are usually interested in the land alone, please note that the home currently sits on almost a HALF-ACRE LOT with no heritage trees. As you already know, there is enough room for two homes on the property. Please see the attached home rendering ideas I call POSSIBILITIES!!!
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Learn About the Market: Opportunity in Austin




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Austin
Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.
From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.
Population Growth
~0.4%
Net Migration
Positive
Median Home Price
$555,300
Unemployment Rate
3.20%
Price Trend
~0.4% YoY growth
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2,269 units
City: Austin
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