2201 Leon ST,Austin,Travis,Residential Income

2201 Leon ST

MLS# 698965551 days on marketUpdated October 17, 2026 8:39 pm

$ 678 / sqft

$ 1,550,500

Overview

UpdatedOctober 17, 2026 8:39 pm
MLS #6989655
Bedrooms0
Size2,288 ft²
Year Built1956

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.

Address

Interior

  • AppliancesBuilt-In Gas Range,Cooktop,Dishwasher,Free-Standing Gas Range,Free-Standing Refrigerator,Gas Cooktop,Gas Range,Microwave,Refrigerator,Range Hood,See Remarks,Stainless Steel Appliance(s)
  • Bathrooms Total Integer0
  • Bedrooms Total0
  • CoolingYes
  • Fireplaces Total0
  • FlooringTile,Vinyl
  • HeatingElectric,See Remarks
  • Interior FeaturesBreakfast Bar,Open Floorplan,See Remarks
  • Laundry FeaturesIn Unit,Washer Hookup,Dryer Hookup,Stacked
  • LevelsOne
  • Living Area2,288
  • Living Area SourcePublic Records
  • Room TypeBedroom

Exterior

  • Covered Spaces0
  • Direction FacesWest
  • Exterior FeaturesPrivate Yard
  • FencingFenced,See Remarks,Wood
  • Garage Spaces0
  • Lot FeaturesAlley,Back Yard,Front Yard,Landscaped,Native Plants,See Remarks
  • Lot Size Acres0
  • Lot Size Area0
  • Parking FeaturesSee Remarks
  • RoofAsbestos Shingle

Structure

  • Building FeaturesSee Remarks
  • Construction MaterialsHardiPlank Type,See Remarks,Vinyl Siding,Wood Siding
  • Foundation DetailsSlab
  • Number Of Units Total4
  • Property ConditionResale
  • Stories1
  • Year Built1956
  • Year Built SourcePublic Records

Utilities

  • SewerPublic Sewer
  • UtilitiesElectricity Available,Electricity Connected,Fiber Optic Available,Natural Gas Connected,Sewer Connected,See Remarks,Water Connected
  • Water SourcePublic

Financial

  • Association NameNA
  • Owner PaysExterior Maintenance,Gas,Grounds Care,HVAC Maintenance,Insurance,Pest Control,Repairs,Roof Maintenance,Sewer,Trash Collection
  • Parcel Number01130008190000
  • Pets AllowedCats OK,Dogs OK,Size Limit
  • Tax Annual Amount21,187
  • Tax Assessed Value1,034,468
  • Tax Legal DescriptionLOT 9 OLT 31 DIV D PETERSON SUBD
  • Tax Lot9
  • Tax Year2026
  • Total Actual Rent7,750

Schools

  • Elementary SchoolBryker Woods
  • Elementary School DistrictAustin ISD
  • High SchoolAustin
  • High School DistrictAustin ISD
  • Middle Or Junior SchoolO Henry
  • Middle Or Junior School DistrictAustin ISD

Location

  • CountryUnited States
  • County Or ParishTravis
  • DirectionsFrom Guadalupe Street, head west on W. 22nd Street, turn left on Leon Street, and continue to 2201 Leon Street. Property is on the right.
  • Latitude30
  • Longitude-98
  • MLS Area MajorUT
  • Postal Code78705
  • Street NameLeon
  • Street Number2201
  • Street Number Numeric2,201
  • Street SuffixStreet
  • Subdivision NamePeterson
  • Unparsed Address2201 Leon ST

Listing Info

  • Attribution Contact(512) 222-3364
  • Back on Market DateOctober 17, 2026
  • Contract Status Change DateJuly 22, 2026
  • Cumulative Days On Market51
  • Days On Market51
  • DisclosuresLead Based Paint Disclosure,Seller Disclosure,See Remarks
  • Documents AvailableLease,See Remarks,Survey
  • Documents Change TimestampAugust 18, 2026
  • Documents Count5
  • Internet Automated Valuation DisplayYes
  • List AORAustin Board of Realtors
  • List Agent DesignationGraduate, REALTOR Institute / GRI
  • List Agent Direct Phone(512) 921-4373
  • List Agent First NameRobert
  • List Agent Full NameRobert Lemon
  • List Agent Key18421384
  • List Agent Last NameLemon
  • List Agent Middle NameD
  • List Agent MLS ID752619
  • List Agent National Association ID785053316
  • List Office Emailbryan@denpg.com
  • List Office Key988444
  • List Office MLS ID5906
  • List Office NameDEN Property Group
  • List Office National Association ID785030793
  • List Office Phone(512) 222-3364
  • List Office URLdenpg.com
  • List Price1,550,500
  • Listing AgreementExclusive Right To Sell
  • Listing Contract DateJuly 22, 2026
  • Listing ID6989655
  • Listing Key1177876345
  • Listing ServiceFull Service
  • Listing TermsCash,Conventional
  • Major Change TimestampOctober 17, 2026
  • MLS StatusActive
  • Modification TimestampOctober 17, 2026
  • Occupant TypeTenant
  • On Market DateJuly 22, 2026
  • Original Entry TimestampJuly 22, 2026
  • Originating System Key240750229
  • Originating System NameACTRIS
  • Photos Change TimestampJuly 23, 2026
  • Photos Count30
  • Price Change TimestampOctober 17, 2026
  • Source System Key1177876345
  • Special Listing ConditionsSee Remarks
  • Status Change TimestampOctober 17, 2026
  • Syndicate ToApartments.com,AustinHomeSearch.com,HAR.com,ListHub,Realtor.com
  • Syndication RemarksRare 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.
  • Universal Property IDUS-48453-N-01130008190000-R-N

Features & Amenities

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Meet your agent

RL

Robert Lemon

Listing Agent · DEN Property Group

BrokerageDEN Property Group
Agent MLS ID752619
Office MLS ID5906

Get in touch

(512) 921-3417Send a message

Office · (512) 222-3364

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Listing courtesy of DEN Property Group

MLS# 6989655 · Listing agent Robert Lemon · Data last updated October 17, 2026 8:39 pm

RLRobert Lemon
HPHeather Powell Residential GroupContact

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