Historic East Austin Compound with Built-In Multi-Stream Income in a Prime Location! Unbeatably situated at 920 Shady Ln in the heart of East Austin’s booming Govalle neighborhood, this rare multi-unit investment compound puts you right in the center of iconic local culture and located just minutes from Downtown Austin with… Read More effortless access to both North and South routes. Everyday convenience meets local flavor right outside your doorstep: walk directly across the street to Dan’s Hamburgers for legendary morning breakfast tacos, or take a short evening stroll down the block to Hi Sign Brewing. Sitting on a generous lot under a majestic canopy of nut-bearing pecan trees, the main 4-bedroom, 2-bathroom Blue House radiates vintage charm with original hardwood floors, built-ins and natural light, featuring a private two-room suite with a full bath that is already plumbed to add a kitchen, allows you to easily convert the main home into a duplex. Tucked privately behind sits the refreshed Green House, a fully independent 2-bedroom, 1-bathroom home complete with a newer roof, remodeled bath, and ultra-efficient mini-splits, providing immediate rental income. The high-yield potential continues in the backyard mini-forest, which boasts two RV/trailer hookups with dedicated sewer clean-outs and a 500 sq ft workshop ready to be utilized as a creative studio or converted into a third living unit/ADU. Complete with a cozy campfire pit and sprawling outdoor space for hosting, 920 Shady Ln gives you the ultimate combination of prime East Austin location, rich character, and multi-stream income security. Read Less
Property listed by Allure Real Estate 512-518-0008 (512) 518-0008
Listing Snapshot
Days Online
1
Last Updated
Property Type
SingleFamilyResidence
Beds
6
Full Baths
3
Square Ft.
2,774
Lot Size
0.72 Acres
Year Built
1937
MLS Number
1765850
Additional Details
Building
Built in 1937, Stories: 1, 2,774 sqft living area, Frame, Wood Siding, One
Community
Sidewalks
Disclosures
Lead Based Paint Disclosure
Fence
Partial, Wood
Floors
Tile, Wood
Foundation
Pillar Post Pier
Water Features
Water Body Name: Boggy Creek, Creek
Heating
Central
Interior Features
Bookcases, Built In Features, Ceiling Fans, Separate Formal Dining Room, Eat In Kitchen, Multiple Living Areas, Multiple Dining Areas, Main Level Primary, Multiple Primary Suites, Pantry, Tile Counters
Laundry
Laundry Room
Lot
0.7184 acres, Area: 0.7184, Level, Many Trees, Trees Large Size
Parking
Driveway, Outside
Property
Resale, Neighborhood, Trees Woods
Roof
Metal, Shingle
Sewer
Public Sewer
Taxes
Annual Amount: $14,575, Year: 2026
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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