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.
Listed by Dave Murray
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License #340639
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Keller Williams Realty
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(512) 751-6060
Last updated December 10, 2025
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Source: ACTRIS #4090020
Listing Facts
TypeSingle-family
NeighborhoodSouth Manchaca
Bedrooms4
Bathrooms4
Days on Prevu1
Size2,194 sqft
Price per sqft$433
Amenities
Dishwasher
Private Outdoor Space
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
12/09/2025
Listed by Keller Williams Realty
$950,000
Property Details for 0000 Diane DR
Exterior
Construction
Property Condition: Resale
Roof: Metal
Window Features: Blinds
Year Built: 1981
Construction Materials: Frame
Exterior Features: See Remarks, Balcony, Private Yard
Features
Direction Faces: West
Fencing: Chain Link, Privacy
Other Structures: Greenhouse, Outbuilding, Storage, Workshop
Patio And Porch Features: Deck, Patio
View: See Remarks, Neighborhood, Panoramic
Measurements
Lot Features: Corner Lot, Level, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Xeriscape
Lot Size Acres: 0.30
Lot Size Area: 0
Lot Size Square Feet: 13,311
Financial
Taxes
Parcel Number: 0000DianeDr
Tax Assessed Value: $545,031.00
Tax Year: 2025
Interior
Features
Appliances: See Remarks, Dishwasher, Disposal, Gas Range, Refrigerator
Flooring: Parquet, Vinyl, Wood
Interior Features: See Remarks, Ceiling Fan(s)
Measurements
Living Area: 2,194
Living Area Source: Public Records
Rooms
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 4
Main Level Bedrooms: 3
Other
Location
Subdivision Name: Ford Place 2
Tax Block: F
Tax Lot: 1
Parking
Parking
Parking Features: Off Street, See Remarks
Parking Total: 4
Schools
Elementary School
Elementary School: Joslin
Elementary School District: Austin ISD
High School
High School: Crockett
High School District: Austin ISD
Middle or Junior School
Middle Or Junior School: Covington
Middle Or Junior School District: Austin ISD
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Natural Gas, Wall Furnace
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 4 bedrooms and 4 bathrooms in this single-family home at 0000 Diane DR.
What schools are nearby to 0000 Diane DR?
Nearby schools include the Joslin Elementary School, Covington Middle School, and Crockett High School.
Does this single-family home have parking?
Yes, there are 4 parking spaces available for 0000 Diane DR.
How does 0000 Diane DR compare to other single-family homes in South Manchaca?
This single-family home is listed 25% above the average price for single-family homes in South Manchaca and has been on the market for 78 less days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 2,194 sqft.
0000 Diane DR is a 4-bedroom, 4-bath single-family home for sale in Austin TX 78745. Listed on Prevu for 1 days at $950,000. This property features 2,194 square feet of living space, located in South Manchaca. The median listing price for single-family homes in this area is $700,000. Nearby schools include Joslin Elementary School, Covington Middle School, and Crockett High School. Property amenities include private outdoor space, dishwasher, parking, and swimming pool. View other single-family home listings in Austin.
Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
