0000 Diane Dr, Austin, TX 78745
Local realty services provided by:ERA Experts
Listed by: dave murray
Office: keller williams realty
MLS#:4090020
Source:ACTRIS
Price summary
- Price:$950,000
- Price per sq. ft.:$433
About this home
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.
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Home facts
- Year built:1981
- Listing ID #:4090020
- Updated:February 22, 2026 at 03:58 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,194 sq. ft.
Heating and cooling
- Heating:Natural Gas, Wall Furnace
Structure and exterior
- Roof:Metal
- Year built:1981
- Building area:2,194 sq. ft.
Schools
- High school:Crockett
- Elementary school:Joslin
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$433
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