2201 Leon Street, Austin, Texas image 1
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2201 Leon Street

Austin, TX 78705
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$1,750,000 $7,378/Mo
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Bed 4

Bed

Bath 5

Bath

SqFt2,288

Sqft

Acres0.16

Acre(Lot)

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-da y 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,750,000

AD Id : 89672007

MLS Id : 6989655

Beds : 4

Lot Size : 0.16 Acre

Living Area Size : 2,288

Year Built : 1956

County : Travis

Subdivision: Peterson

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Feature Features

  • Interior Features

    BreakfastBar, OpenFloorplan, SeeRemarks
    Roof: AsbestosShingle
    Appliances: BuiltInGasRange, Cooktop, Dishwasher, FreeStandingGasRange, FreeStandingRefrigerator, GasCooktop, GasRange, Microwave, Refrigerator, RangeHood, SeeRemarks, StainlessSteelAppliances
    Laundry Features: InUnit, WasherHookup, DryerHookup, Stacked

  • Heating & Cooling

    Heating: Electric, SeeRemarks Has Cooling: Yes

  • Building Information

    Year Built: 1956
    Construction Materials: HardiplankType, SeeRemarks, VinylSiding, WoodSiding
    Stories: 1
    Pool Features: None
    Private Pool: No
    Water front Features: None
    View: None

  • Exterior Features

    Exterior Features: PrivateYard

  • Lot Information

    Main Square Feet: 0.155 Lot Size Acres: 0.155 Lot Description: Alley,BackYard,FrontYard,Landscaped,NativePlants,SeeRemarks

    Property Information

    Subdivision: Peterson Source Property Type: ResidentialIncome Property SubType: Quadruplex Direction Faces: West Levels: One Property Age: 70

  • Listing Price Information

    Listing Price: $1750000
    Cash, Conventional

  • Tax Information

    Parcel Number: 01130008190000 Tax Lot: 9 Tax Year: 2026 Annual Tax: $21187.42 Tax Legal Desc: LOT 9 OLT 31 DIV D PETERSON SUBD

  • School Information

    Elementary School: Bryker Woods Junior High School: O Henry Senior High School: Austin

  • Utility Information

    ElectricityAvailable, ElectricityConnected, FiberOpticAvailable, NaturalGasConnected, SewerConnected, SeeRemarks, WaterConnected

  • Location Information

    Direction: From Guadalupe Street, head west on W. 22nd Street, turn left on Leon Street, and continue to 2201 Leon Street. Property is on the right. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3407 Hampton Road #A AN.., Austin, TX, 78705 $750,000 2 2 1,056 0.15 Acre

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/01/2026 @ 15:51

MLS: 6989655 LISTED BY: Robert Lemon, DEN Property Group 512-222-3364 SOURCE: ACTRIS

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