2201 Leon ST
Austin, TX, 78705
$1,750,000
Beds
0 Baths
2,288 SqFt
0.16 Acres
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MLS #6989655 image #0
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.
Listing Provided Courtesy of DEN Property Group

Property Details

Price:
$1,750,000
MLS #:
6989655
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Peterson
Listed Date:
Jul 22, 2026
Finished Sq Ft:
2,288
Lot Size:
6,752 sqft / 0.16 acres (approx)
Year Built:
1956
OutbuildingPetersonAustin IsdBryker WoodsO HenryAustinNone

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Schools

School District:
Austin ISD
Elementary School:
Bryker Woods
Middle School:
O Henry
High School:
Austin

Interior

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)
Cooling
Wall/Window Unit(s)
Flooring
Tile, Vinyl
Heating
See Remarks, Electric
Interior Features
See Remarks, Breakfast Bar, Open Floorplan, Stackable W/D Connections
Levels
One

Exterior

Accessibility Features
None
Community Features
None
Direction Faces
West
Exterior Features
Private Yard
Fencing
See Remarks, Fenced, Wood
Lot Features
See Remarks, Alley Access, Back Yard, Front Yard, Landscaped, Native Plants
Other Structures
Outbuilding, Second Residence, Storage
Parking Features
See Remarks
Patio And Porch Features
Awning(s), Patio
Roof
Asbestos Shingle
View
None
Waterfront Features
None
Window Features
Blinds, Double Pane Windows, Screens

Financial

HOA Name
NA
Taxes
$21,187

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Multi Family in Austin as of Sep 19, 2026
206
Multi Family Listed
129
Avg DOM
309
Avg $ / SqFt
$701,827
Avg List Price

Property Summary

    Located in the Peterson subdivision, 2201 Leon ST Austin TX is a Multi Family for sale in Austin, TX, 78705. It is listed for $1,750,000 To schedule a showing of MLS#6989655 at 2201 Leon ST in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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