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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.

Overview

Property Status
For Sale
Lot Size
6,751.8 Sq.Ft.
MLS ID
6989655
Property Type
Multi-Family
Year Built
1956

Features & Amenities

Neighborhood
Austin
Water Frontage
None
View Description
None
Stories
1
Water Source
Public
Utilities
See Remarks, Electricity Connected, Internet-Fiber, Natural Gas Connected, Sewer Connected, Water Connected
Pool
None
Roof
Asbestos Shingle
Lot Features
See Remarks, Alley Access, Back Yard, Front Yard, Landscaped, Native Plants
Parking
See Remarks
Heat Type
See Remarks, Electric
Air Conditioning
Wall/Window Unit(s)
Fireplace
None
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)
Other Interior Features
See Remarks, Breakfast Bar, Open Floorplan, Stackable W/D Connections
Sewer
Public Sewer
Substructure
Slab
Disability Features
None
Other Exterior Features
Private Yard
Elementary School
Bryker Woods
Middle School
O Henry
High School
Austin
School District
Austin ISD
Sales Price
$1,750,000
Real Estate Tax
$21,187/yr

Downloads

2201 Leon ST

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We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 2201 Leon ST, Austin, TX 78705

2201 Leon ST
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2201 Leon ST

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    License #752619

    (512) 921-4373
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