1401 Greenwood Ave # 1 & 2 Austin, TX $ 485,000
1401 Greenwood Ave # 1 & 2
$ 485,000
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1401 Greenwood Ave # 1 & 2

Austin, TX, 78721
$ 485,000
Bedrooms4 Baths2.1 Sq 1,600

Monthly Estimate*

$ 3,026

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Single Family Home for sale in Austin, TX

for $485,000 with 4 bedrooms and 2 full baths, 1 half bath. This 1,600 square foot home was built in 1959 on a lot size of 0.2686.

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.

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Single Family Active

Price

$ 485,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 6,000

Style

Single Family Residence

Lot Size

0.2686

Year Built

1959

Town/City

Austin

County/Region

Travis

MLS | Web ID

6536216

Features
General
Living Area 1600
Sewer Public Sewer
Heating Forced Air
Cooling Multi Units
Utilities Above Ground Electricity Connected High Speed Internet Natural Gas Available Sewer Connected
Roof Shingle
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
Garage Spaces 0
Patio/Porch Features Front Porch
Pool Features None
Construction Materials Frame HardiPlank Type Wood Siding
Year Built 1959
View Creek/Stream
Levels One
Unit Number 1 & 2
Property Subtype Single Family Residence
Tax Year 2024
Waterfront Features Creek
Community Features None
Accessibility None
County Travis
New Construction N
Property Type Residential
HOA N
Energy Efficient None
Subdivision Name Greenwood Heights
Facing Direction West
Green Sustainability None
Other Structures Guest House Residence Second Residence Storage
Full Baths 2
Status Active Under Contract
Directions MLK East RT Airport LF E 12th LF Greenwood
High School Northeast Early College
City Austin
Disclosures Seller Disclosure
MLS Area 5
Lot Size Square Feet 11700.22
Elementary School Sims
Tax Annual Amount 7643.3
Middle/Junior High School Garcia
Property Condition Resale
Additional Parcels Y/N N
Standard Status Active Under Contract
Year Built Source Public Records
Tax Assessed Value 385672
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Interior
Interior Amenities Two Primary Suties Vaulted Ceiling(s) In-Law Floorplan Open Floorplan Primary Bedroom on Main Storage Two Primary Closets
Flooring Vinyl
Total Fireplaces 0
Window Features None
Half Baths 1
Total Bedrooms 4
Main Level Bedrooms 4
Total Baths 3
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Exterior
Exterior Amenities Barbecue Private Yard
Fencing Back Yard Fenced Gate Perimeter Wood
Parking Features Driveway
Lot Features Back Yard Level Many Trees
Water Source Public
Total Parking 2
Foundation Details Slab
Lot Size Acres 0.2686
Waterfront Y/N N
Covered Spaces 0
Horse Y/N N
Horse Amenities None
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Internal Only
Street Number 1 1401
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* Excluded Features
List By
Stephanie Douglass

Listing Agent

Open House Austin Group Llc

Broker

steph@openhouseaustin.co

Email

Affordability Calculator

$3,526
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,026
Monthly Property Taxes
$500
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4360289 Elementary School
4360271 Middle School
Northeast Early College High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2025$485,000 Listed Price

Map


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1401 Greenwood Ave # 1 & 2, Austin, TX, 78721 is a Single Family Home for sale at $485,000 with 1,600 sqft and a lot size of 0.2686. 1401 Greenwood Ave # 1 & 2 has 4 bedrooms, 2.1 baths, and was built in 1959. The property's zip code is 78721 which is in Austin, TX