2201 Leon St, Austin, TX 78705
- $1,750,000
- 2,288
- SqFt
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- 6989655
- Days on Market
- 35
- Living Area
- 2,288
- Lot Size
- 6,751
- Area
- Austin - Central
Property Description
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.
Additional Information
- Taxes
- $21,187
- Tax Year
- 2026
- HOA Name
- NA
- Year Built
- 1956
- Parking Spaces
- 4
- Exterior Features
- Private Yard
- Interior Features
- See Remarks, Breakfast Bar, Open Floorplan, Stackable W/D Connections
- Roof
- Asbestos Shingle
- Appliances
- See Remarks, Built-In Gas Range, Cooktop, Dishwasher, Gas Cooktop, Gas Range, Microwave, Free-Standing Gas Range, RNGHD, Refrigerator, Free-Standing Refrigerator, Stainless Steel Appliance(s)
- Construction
- See Remarks, HardiPlank Type, Vinyl Siding, Wood Siding
- Region
- Austin - Central
- View
- No View
- School District
- Austin ISD
- Elementary School
- Bryker Woods
- High School
- Austin
- Middle School
- O Henry
- Sewer
- Public Sewer
- Stories
- 1
- Street Name
- Leon St
- Street Number
- 2201
- Neighborhood
- Peterson
- Water
- Public
- Acres
- 0.16
- County
- Travis
- Floor
- Tile, Vinyl
- Heating
- See Remarks, Electric
- Lot Description
- See Remarks, Alley, Back Yard, Front Yard, Landscaped, Native Plants
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Listing courtesy of DEN Property Group. Contact: (512) 222-3364
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