2201 Leon St, Austin, TX 78705
Local realty services provided by:ERA Brokers Consolidated
Listed by: robert lemon
Office: den property group
MLS#:6989655
Source:ACTRIS
2201 Leon St,Austin, TX 78705
$1,750,000
- - Beds
- - Baths
- 2,288 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,750,000
- Price per sq. ft.:$764.86
About this home
Rare opportunity to acquire a stabilized, income-producing multifamily property in the heart of West Campus, one of Austin's most dynamic and redevelopment-focused neighborhoods. Just minutes from The University of Texas, downtown Austin, Texas Capitol Building, and major medical centers, this unique investment features five furnished income-producing studio residences with multiple rental strategies, including mid-term, long-term, and short-term rental potential.
The heavy lifting has already been done. Units A through D are fully furnished. Unit A is leased through the end of 2026, Units B and C are secured under a new two-year lease with an experienced furnished rental operator, and Unit G is leased to the property's on-site cleaner, providing immediate cash flow with minimal day-to-day management. The owner currently manages only one active Airbnb, while preserving significant future operational flexibility.
Each studio offers private exterior access, modern finishes, updated kitchens and baths, mini-split HVAC systems, in-unit laundry, and private fenced patios. Four off-street parking spaces add significant value in one of Austin's most supply-constrained rental markets.
Beyond today's income, the property offers exceptional long-term potential. West Campus has been the focus of Austin's planning efforts for more than two decades, with the City encouraging high-density, pedestrian-oriented redevelopment around the University of Texas through the University Neighborhood Overlay (UNO) and its ongoing updates. The area continues to be one of Austin's highest priorities for urban growth and increased housing capacity, making this an attractive long-term hold with future redevelopment and assemblage potential. Buyers may continue the current stabilized leasing strategy, expand furnished rental operations as leases expire (subject to applicable regulations), or position the property for future redevelopment as the neighborhood continues to evolve....
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Home facts
- Year built:1956
- Subdivision & Development:Peterson
- Listing ID #:6989655
- Updated:October 08, 2026 at 04:05 PM
Rooms and interior
- Flooring:Tile, Vinyl
- Kitchen Description:Built-In Gas Range, Cooktop, Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Cooktop, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s)
- Living area:2,288 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Electric
Structure and exterior
- Roof:Asbestos Shingle
- Year built:1956
- Building area:2,288 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Alley, Back Yard, Front Yard, Landscaped, Native Plants
- Construction Materials:HardiPlank Type, Vinyl Siding, Wood Siding
- Exterior Features:Private Yard
- Foundation Description:Slab
Schools
- High school:Austin
- Elementary school:Bryker Woods
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,750,000
- Price per sq. ft.:$764.86
- Tax amount:$21,187 (2026)
Features and amenities
- Appliances:Built-In Gas Range, Cooktop, Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Cooktop, Gas Range, Microwave, RNGHD, Refrigerator, See Remarks, Stainless Steel Appliance(s)
Parking
- Total parking spaces:4
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