920 SHADY LN, Austin TX 78702
MLS #245988275 · Allure Real Estate · Monica Poss
About this home
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 details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1937
- Full baths
- 3
- Lot size
- 0.7184
- Subdivision
- Shady Lane Add
- MLS area
- 5
- MLS #
- 245988275
Features
Interior features
- 2 Primary Baths
- 2 Primary Suites
- Bookcases
- Built-in Features
- Ceiling Fan(s)
- Tile Counters
- Eat-in Kitchen
- Multiple Dining Areas
- Multiple Living Areas
- Pantry
- Primary Bedroom on Main
Exterior features
- See Remarks
Additional details
- Parking
- Driveway, Outside
- Garage spaces
- 0
- Roof
- Metal, Shingle
- Foundation
- Pillar/Post/Pier
- Annual tax
- $14,574
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Austin ISD
- Elementary
- Govalle
- Middle
- Kealing
- High
- Eastside Early College
Comparable homes near 920 SHADY LN
Similar homes currently for sale nearby, ranked by distance.
Getting around
- Downtown Austin
- 3 mi
- Austin-Bergstrom Airport
- 4.5 mi
Straight-line distance, not drive time.
Market insights
Compared with 384 active homes in ZIP 78702 · HomeLocating listings
At $875,000, this home is priced 31% above the $667,450 median across 384 active homes in ZIP 78702.
Estimated monthly payment
Home price
$875,000
Down payment
20% ($175,000)
Loan details
30-yr fixed, 6.50%
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Listing courtesy of Allure Real Estate · Monica Poss
Listing data last updated Oct 2, 2026, 11:46 PM
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