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$485,000
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4 bed, 2 bath, 1,600 sqft on 0.27 acres in Greenwood Heights. Austin, TX 78721. $485,000. Austin ISD.
Welcome to an ultra-rare opportunity in East Austin: two homes on one lot, optimized for house hacking, investment, or multigenerational living. Imagine your mortgage being partially paid by the front unit while you live in—or lease out—the back.
Front Home • 2 bedrooms, 1 bath • Fully operational short-term rental with proven income track record • Thoughtfully maintained, turnkey ready
Rear Home • 2 bedrooms, 1.5 baths • Spacious, private, and comfortable—ideal for long-term occupancy • Room for customization or upgrades
Property Highlights • Prime East Austin location, walkable to coffee shops, tacos, parks & nightlife • Over 0.27 acres (approx.) in size — generous outdoor space for entertaining, gardens, or expansion • Covered front porch, backyard storage, mature trees offering privacy and shade • No HOA (freedom to make your vision a reality) • Proven investment upside: existing income stream plus upside potential Hot tub hook ups ready to go (the square pea gravel in the backyard)
This isn’t just a single-family home; it’s a strategic real estate play. Whether you want passive income, partial mortgage relief, or flexible multi-unit living, 1401 Greenwood delivers. Compounds like this rarely hit the market in East Austin.
Verified property facts
1401 Greenwood Ave Unit #1 & 2 is listed at $485,000 with 4 bedrooms, 2 full, 1 half bathrooms, 1,600 square feet, 0.27-acre lot. This places it above the ZIP 78721 single-family closed-sale median price of $437,500 (ZIP 78721 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 25, 2026).
1401 Greenwood Ave Unit #1 & 2 is zoned for Austin ISD with assigned schools: Sims (elementary), Garcia (middle), Northeast Early College (6/10) (high). School assignments should be verified directly with the district.
1401 Greenwood Ave Unit #1 & 2 is a Residential built in 1959 featuring 4 bedrooms, 2 full, 1 half bathrooms, 1,600 square feet, 0.27-acre lot.
1401 Greenwood Ave Unit #1 & 2 is listed by Open House Austin Group LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Apr 25, 2026.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
1 record on file
Every recorded listing, sale, and lease at 1401 Greenwood Ave Unit #1 & 2, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-11.6% | — | $382,470 | — | — |
2024-6.1% | — | $432,699 | $275,000 | $110,672 |
2023+66.9% | — | $460,868 | $330,000 | $102,699 |
2022 | — | $276,064 | $330,000 | $130,868 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($97K)
Adjustable assumption - not a lending recommendation.
$485,000
Luxury property intelligence
A sourced read on Greenwood Heights pricing, timing, and property scale. No automated valuation claim.
List price
$485,000
Price per sqft
$303/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$485K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
1401 Greenwood Ave Unit #1 & 2 is priced at $303 per square foot across 1,600 sqft.
The most recent annual property tax for 1401 Greenwood Ave Unit #1 & 2 is $7,643. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
This page does not assume a mortgage rate or publish a monthly payment for 1401 Greenwood Ave Unit #1 & 2. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Apr 25, 2026, 1401 Greenwood Ave Unit #1 & 2 is offered at $485,000. The current MLS snapshot shows 61 active listings in 78721. Keenan Group has completed 5 verified transactions in 78721 within its 1,000+ completed transactions and $1B+ career volume across Austin.
1401 Greenwood Ave Unit #1 & 2 was built in 1959 (67 years ago). Buyers should budget for potential updates to major systems.
The MLS listing marks 1401 Greenwood Ave Unit #1 & 2 as waterfront. The reported waterfront feature is Creek. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
9 events on record
Current Price
$485,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-11.6% | — | $382,470 | — | — |
2024-6.1% | — | $432,699 | $275,000 | $110,672 |
2023+66.9% | — | $460,868 | $330,000 | $102,699 |
2022 | — | $276,064 | $330,000 | $130,868 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Sold Price |
|---|---|
| 1708 Perez ST Unit #B | $515K |
| 1111 Estes Ave Unit #B | $350K |
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