1401 Greenwood Ave Unit 1 & 2 Austin, TX 78721
East MLK NeighborhoodEstimated payment $3,181/month
Highlights
- Additional Residence on Property
- Two Primary Bedrooms
- Creek or Stream View
- Home fronts a creek
- Open Floorplan
- Vaulted Ceiling
About This Home
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.
Listing Agent
Open House Austin Group LLC Brokerage Phone: (512) 222-3720 License #0685444 Listed on: 10/08/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,643
Year Built
- Built in 1959
Lot Details
- 0.27 Acre Lot
- Home fronts a creek
- West Facing Home
- Level Lot
- Many Trees
- Back Yard Fenced
Home Design
- Slab Foundation
- Frame Construction
- Shingle Roof
- Wood Siding
- HardiePlank Type
Interior Spaces
- 1,600 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Vaulted Ceiling
- Storage
- Washer and Dryer
- Vinyl Flooring
- Creek or Stream Views
Kitchen
- Oven
- Gas Cooktop
- Free-Standing Range
- Range Hood
- Dishwasher
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- Double Master Bedroom
- Dual Closets
- In-Law or Guest Suite
Parking
- 2 Parking Spaces
- Driveway
Outdoor Features
- Outdoor Storage
- Outdoor Grill
- Front Porch
Additional Homes
- Additional Residence on Property
- Residence on Property
Schools
- SIMS Elementary School
- Garcia Middle School
- Northeast Early College High School
Utilities
- Multiple cooling system units
- Forced Air Heating System
- Above Ground Utilities
- High Speed Internet
Community Details
- No Home Owners Association
- Greenwood Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 02111701520000
- Tax Block B
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,970 | $382,470 | $286,557 | $95,913 |
| 2023 | $5,970 | $432,699 | $330,000 | $102,699 |
| 2022 | $9,102 | $460,868 | $330,000 | $130,868 |
| 2021 | $4,401 | $202,177 | $173,250 | $102,814 |
| 2020 | $3,942 | $183,797 | $173,250 | $76,655 |
| 2018 | $3,363 | $151,898 | $173,250 | $80,840 |
| 2017 | $3,080 | $138,089 | $148,500 | $86,450 |
| 2016 | $2,800 | $125,535 | $99,000 | $92,213 |
| 2015 | $238 | $114,123 | $74,250 | $106,290 |
| 2014 | $238 | $103,748 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/21/2025 10/21/25 | Price Changed | $485,000 | -2.8% | $303 / Sq Ft |
| 10/08/2025 10/08/25 | For Sale | $499,000 | -- | $312 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Independence Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $375,457 | FHA |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 6536216
APN: 202400
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