$975,000

Property Overview

This exceptional East Austin compound at 920 Shady Ln commands attention with its multi-income potential and historic character in the thriving Govalle neighborhood. Anchored by the main residence with six bedrooms and three bathrooms across 2,774 square feet, the property sprawls across nearly three-quarters of an acre beneath mature pecan trees, creating a serene retreat steps from Dan's Hamburgers and Hi Sign Brewing. Original hardwood floors, built-in shelving, and abundant natural light define the primary structure, which features dual primary suites—one already plumbed for kitchen conversion to unlock additional rental revenue. The generous lot accommodates ten parking spaces and multiple porches, while thoughtful layout separates living and dining areas for both family functionality and investment flexibility.

Built in 1937, this frame and wood siding home sits on a pillar foundation with metal and shingle roofing, supported by central heating and cooling plus supplemental wall units. Central location on Shady Ln positions residents within Austin ISD's Govalle Elementary and Kealing Middle School boundaries, with direct access to downtown via multiple routes. At $351 per square foot, this property represents compelling value for Austin TX buyers seeking either a large single-family home or a foothold in East Austin's rapidly appreciating real estate market.

Vox Real Estate Insight

The multi-bedroom configuration and existing infrastructure for subdivision make this Shady Ln estate uniquely positioned for owner-occupants or investors targeting the East Austin revitalization wave. The Vox Real Estate team recognizes that properties of this scale and location flexibility on the market for just one day signal strong buyer interest in the Govalle corridor.

Agent Description

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 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.

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