$875,000

Property Overview

This historic East Austin compound on Shady Ln presents a rare multi-generational living opportunity in one of Austin's most vibrant neighborhoods. The 0.72-acre property anchors itself with substantial mature pecan trees and welcomes you through a front porch into the main residence, a 1937-built home offering six bedrooms and three bathrooms across 2,774 square feet. The layout spans multiple living and dining areas with original hardwood flooring, built-in cabinetry, and natural light flooding through windows framed by the property's lush tree canopy. Two primary suites with en-suite baths provide flexibility for extended family arrangements or guest quarters, while an eat-in kitchen and formal pantry serve the home's generous footprint.

The property's value extends beyond the main residence to its income-generating potential, with thoughtful infrastructure already in place that allows creative configurations for multi-unit living. Central heating and cooling, metal and shingle roofing, and partial wood fencing delineate the spacious grounds where ten parking spaces accommodate multiple vehicles. Located in the Govalle area within walking distance of Dan's Hamburgers and Hi Sign Brewing, 920 Shady Ln sits minutes from Downtown Austin while maintaining the authentic character and community roots that define East Austin. The Shady Lane Addition location keeps you connected to Austin ISD schools including Eastside Early College High School while preserving neighborhood integrity without HOA restrictions.

Vox Real Estate Insight

At $315 per square foot, this estate offering represents compelling value for East Austin's trajectory, particularly given the multi-unit potential and land footprint that savvy investors recognize. The Vox Real Estate team sees significant upside in properties like this where existing infrastructure supports adaptive reuse strategies that align with Austin's housing evolution.

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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