2201 Leon St Austin, TX $ 1,750,000
2201 Leon St
$ 1,750,000
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2201 Leon St

Austin, TX, 78705
$ 1,750,000
Baths0.0 Sq 2,288

Monthly Estimate*

$ 11,050

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Studio

Multi-Family Home for sale in Austin, TX

for $1,750,000. This 2,288 square foot home was built in 1956 on a lot size of 0.155.

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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Multi-Family Active

Price

$ 1,750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 21,000

Style

Quadruplex

Lot Size

0.155

Year Built

1956

Town/City

Austin

County/Region

Travis

MLS | Web ID

6989655

Features
General
Living Area 2288
Sewer Public Sewer
Heating See Remarks Electric
Cooling Wall/Window Unit(s)
Utilities See Remarks Electricity Connected High Speed Internet Natural Gas Connected Sewer Connected Water Connected
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)
Garage Spaces 0
Patio/Porch Features Awning(s) Patio
Pool Features None
Security Features Security Lights
Construction Materials See Remarks HardiPlank Type Vinyl Siding Wood Siding
Pets Allowed Cats OK Dogs OK Small (< 20 lbs) Medium (< 35 lbs)
Year Built 1956
View None
Levels One
Property Subtype Quadruplex
Tax Year 2026
Waterfront Features None
Community Features None
Accessibility None
County Travis
New Construction N
Property Type Residential Income
HOA N
Energy Efficient None
Subdivision Name Peterson
Facing Direction West
Green Sustainability None
Other Structures Outbuilding Second Residence Storage
Status Active
Directions 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.
High School Austin
City Austin
Disclosures See Remarks Lead Base Paint Addendum Seller Disclosure
Association Name NA
MLS Area UT
Lot Size Square Feet 6751.8
Elementary School Bryker Woods
Tax Annual Amount 21187.42
Middle/Junior High School O Henry
Property Condition Resale
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 1034468
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Interior
Interior Amenities See Remarks Breakfast Bar Open Floorplan Stackable W/D Connections
Flooring Tile Vinyl
Total Fireplaces 0
Fireplace Features None
Window Features Blinds Double Pane Windows Screens
Total Bedrooms 0
Total Baths 0
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Exterior
Exterior Amenities Private Yard
Fencing See Remarks Fenced Wood
Parking Features See Remarks
Lot Features See Remarks Alley Back Yard Front Yard Landscaped Native Plants
Water Source Public
Total Parking 4
Foundation Details Slab
Lot Size Acres 0.155
Waterfront Y/N N
Covered Spaces 0
Other Equipment See Remarks
Horse Y/N N
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Internal Only
Street Number 1 2201
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* Excluded Features
List By
Robert Lemon

Listing Agent

Den Property Group

Broker

robert@denpg.com

Email

Affordability Calculator

$12,800
Per Month
86%
14%
0%
Monthly Principal & Interest
$11,050
Monthly Property Taxes
$1,750
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4360744 Elementary School
4360311 Middle School
Austin High School High School
Pricing History
Date Price Price Change Description
8/18/2026 $1,750,000 Listed Price

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2201 Leon St, Austin, TX, 78705 is a Multi-Family Home for sale at $1,750,000 with 2,288 sqft and a lot size of 0.155. 2201 Leon St is a studio with 0.0 baths and was built in 1956. The property's zip code is 78705 which is in Austin, TX