0000 Diane DR, Austin, TX 78745

• 4 beds |
• 4 baths |
• 2,194 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

Keller Williams Realty : (512) 448-4111

Listing Agent:

Dave Murray : (512) 751-6060

MLS ID:

4090020

Interior

• General: See RemarksCeiling Fan(s)
• Appliances: See RemarksDishwasherDisposalGas RangeRefrigerator
• Laundry: Laundry Room
• Flooring: ParquetVinylWood
• A/C: Wall/Window Unit(s)
• Heating: Natural GasWall Furnace
• Fireplace: Fireplaces: 0
• Eco/Green Feature: NoneNone

Exterior

• General: See RemarksBalconyPrivate Yard
• Other Structures: GreenhouseOutbuildingStorageWorkshopDeckPatio
• Pool: None
• Parking: Off StreetSee RemarksParking spaces: 4

Construction

• Roofing: Metal
• Windows: Blinds
• General: OnePillar/Post/Pier

Location

• HOA Amenities: None
• Originating MLS: actris
• School District: Austin ISD
• County: Travis

Lot

• Zoning: Lot 1 Blk F Ford Place 20000DianeDr
• View: See RemarksNeighborhoodPanoramic
• Fencing: Chain LinkPrivacy

Utilities

• Utilities: Electricity AvailableNatural Gas Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: actris

This listing courtesy of Dave Murray, Keller Williams Realty