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Under Contract

$950,000

000 Diane DR, Austin, TX 78745

Ford Place 2

Acres0.31

About This Property

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.

Property Details

Property TypeLand
MLS #6325971
Days on Market73
Lot Size0.31 acres
Listed12/9/2025
Last Updated12/9/2025

Location

County
Travis
School District
Austin ISD
MLS Area
10N

Size

Lot Description
Corner Lot, Level, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Xeriscape
$/Acre
$3,108,638

Improvements

Fence
Chain Link, Privacy
Exterior Features
See Remarks, Balcony, Private Yard
View
See Remarks, Neighborhood, Panoramic
Community Features
None

Location

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Listing provided by Dave Murray · Keller Williams Realty · (512) 751-6060

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

$950,000