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
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.
Listed by Stephanie Douglass
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License #685444
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Open House Austin Group LLC
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(512) 222-3720
Last updated October 21, 2025
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Source: ACTRIS #6536216
Listing Facts
TypeSingle-family
NeighborhoodMLK
Bedrooms4
Bathrooms3
Days on Prevu13
Taxes$7,643.3/year
Size1,600 sqft
Price per sqft$303
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
10/08/2025
Listed by Open House Austin Group LLC
$485,000
Property Details for 1401 Greenwood Ave 1 & 2
Exterior
Construction
Property Condition: Resale
Roof: Shingle
Year Built: 1959
Construction Materials: Frame, Hardi Plank Type, Wood Siding
Exterior Features: Barbecue, Private Yard
Features
Direction Faces: West
Fencing: Back Yard, Fenced, Gate, Perimeter, Wood
Other Structures: Guest House, Residence, Second Residence, Storage
Patio And Porch Features: Front Porch
View: Creek/Stream
Waterfront Features: Creek
Measurements
Lot Features: Back Yard, Level, Many Trees
Lot Size Acres: 0.26
Lot Size Area: 0
Lot Size Square Feet: 11,700
Financial
Taxes
Parcel Number: 02111701520000
Tax Annual Amount: $7,643.30
Tax Assessed Value: $385,672.00
Tax Year: 2024
Interior
Features
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
Flooring: Vinyl
Interior Features: 2 Primary Suites, Vaulted Ceiling(s), In-Law Floorplan, Open Floorplan, Primary Bedroom On Main, Storage
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.
