2201 Leon ST, Austin TX 78705

Austin, TX 78705 | Peterson

0 Beds
Baths
2,288 Sq Ft
0.155 Acres
1956 Built

About This Property

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.

Features

  • See Remarks
  • Breakfast Bar
  • Open Floorplan
  • Stackable W/D Connections

Location

Schools

School District Austin ISD
Elementary Bryker Woods
Middle School O Henry
High School Austin

Property Details

Property Type Residential Income
Construction See Remarks, HardiPlank Type, Vinyl Siding, Wood Siding
Roof Asbestos Shingle
Foundation Slab
Levels One
Flooring Tile, Vinyl
Cooling Wall/Window Unit(s)
Heating See Remarks, Electric
Exterior Private Yard
County Travis
MLS # 6989655
Parking 4 spaces
Windows Blinds, Double Pane Windows, Screens
Security Security Lights

Lot, Outdoor & Utilities

Lot Features Alley Access, Back Yard, Front Yard, Landscaped, Native Plants
Patio & Porch Awning(s), Patio
Fencing Fenced, Wood
Other Structures Outbuilding, Second Residence, Storage
Water Public
Sewer Public Sewer
Utilities Electricity Connected, Internet-Fiber, Natural Gas Connected, Sewer Connected, Water Connected

HOA & Community

HOA Name NA
Community Features None

Tax Information

Annual Taxes (MLS) $21,187 (2026)
Assessed Value $1,034,468
Exemptions None

Listing History

MLS# 6989655 51 days
Oct 8, 2026 Off Market
Jul 22, 2026 Listed $1,750,000

Frequently Asked Questions About 2201 Leon ST, Austin TX 78705

When was 2201 Leon ST, Austin TX 78705 built?

2201 Leon ST, Austin TX 78705 was built in 1956. It is see remarks, hardiplank type, vinyl siding, wood siding construction with 2,288 square feet on a 0.155 acre lot.

How much does 2201 Leon ST, Austin TX 78705 cost?

2201 Leon ST, Austin TX 78705 is currently off market.

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