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.
Bedrooms
6
Bathrooms
3
Square Feet
2,774
Lot Size
0.7184 acres
Year Built
1937
Stories
1
Tax Assessed
$712,178 (2026)
Property Tax
$14,574.72/yr (2026)
Type
Single Family
Status
Active
Shapiro Group
Last checked 21m ago.
As assigned by the MLS listing; verify with the district.
920 SHADY Ln
Austin, TX 78702
Loan Term
Est. Monthly Payment
$6,388
Property tax is the county's 2026 bill of $14,575, not an estimate.
Estimates based on 6.5% rate. Actual payments may vary.
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