920 Shady LnAustin, TX 78702

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1937

Living area

2,774 Sq Ft

Lot size

0.72 acres

Parking spaces

10

Ownership

Fee-Simple

Days on market

48

MLS^® Listing#

1765850

Property Features

Interior

Bookcases · Built-in Features · Ceiling Fan(s) · Tile Counters · Eat-in Kitchen · Pantry · Master Downstairs

Appliances

Dishwasher · Free-Standing Gas Range · Stainless Steel Appliance(s) · Water Heater

Cooling

Ceiling Fan(s) · Central Air · Wall/Window Unit(s)

Heating

Central

Flooring

Tile · Wood

Fireplace

None

Pool

None

Parking

Driveway · Outside

Laundry

Laundry Room

Patio

Front Porch · Porch · Rear Porch

Fencing

Partial · Wood

Lot features

Level · Many Trees

Construction

Frame · Wood Siding

Foundation

Pillar/Post/Pier

Roof

Metal · Shingle

Windows

Blinds

Other structures

Shed(s) · Workshop

Community

Sidewalks

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Rooms

Schools

Elementary

Govalle

Middle

Kealing

High

Eastside Early College

Financial Details

HOA

None

Annual taxes

$14,575Tax year 2026

Assessed value

$712,178

Parcel number

02041603040000

Directions

From I-35 N go right on 7th street. Right on N Pleasant Valley Rd. Left on E 5th St. Left on Shady Ln. Home is on the Left after crossing over Boggy Creek.