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$1,550,500 -$199,500 (-11.4%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • Updated 5 hours ago
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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.

Full Property Details for 2201 Leon St

General

  • Price: $1,550,500
  • Taxes: $21,187 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: Austin_MLS
  • MLS ID: 6989655
  • Updated: 10/17/2026
  • Added to Site: 87 day(s) ago

Interior

  • Interior Features: Breakfast Bar, Open Floorplan, See Remarks
  • Fireplace(s): None
  • Appliances: Built-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)
  • Flooring: Tile, Vinyl

Rooms

Other Rooms

  • Laundry: In Unit, Washer Hookup, Dryer Hookup, Stacked

Additional Information

  • Shared Amenities: None
  • Security/Safety: Security Lights

Exterior

  • Exterior Features: Private Yard
  • Porch/Patio/Deck: Awning(s), Patio

Parking

  • Total Spaces: 4
  • Parking Features: See Remarks

Location

  • Area: UT
  • County: Travis
  • Subdivision: Peterson
  • Driving 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.
  • Direction Faces: West

School Information

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

Community

  • Assoc. Name: NA

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Electric, See Remarks

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Electricity Connected, Fiber Optic Available, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected

Structural Information

  • Detached/Attached: Detached
  • Construction: HardiPlank Type, See Remarks, Vinyl Siding, Wood Siding
  • Roof: Asbestos Shingle
  • Windows: Blinds, Double Pane Windows, Screens
  • Stories/Levels: 1
  • Square Feet: 2,288
  • Sq. Ft. Source: Public Records
  • Living Area: 2,288 Sq. Ft.
  • Year Built: 1956
  • Year Built Source: Public Records
  • Property Condition: Resale

Additional Structures

  • Other Structures: Outbuilding, Second Residence, Storage

Lot Features

  • Lot Size (Acres): 0.155
  • Lot Size (Sq. Ft.): 6,751.8
  • Fence: Yes
  • Lot Features: Alley, Back Yard, Front Yard, Landscaped, Native Plants, See Remarks
  • Fencing (Description): Fenced, See Remarks, Wood

Financial Considerations

  • Assessment Amount: $1,034,468
  • Tax Amount: $21,187.42
  • Tax Year: 2026
  • Terms: Cash, Conventional
  • Owner Pays: Exterior Maintenance, Gas, Grounds Care, HVAC Maintenance, Insurance, Pest Control, Repairs, Roof Maintenance, Sewer, Trash Collection

Disclosures and Reports

  • Special Conditions: See Remarks
  • Documents Avail.: Lease, See Remarks, Survey
  • Legal Description: LOT 9 OLT 31 DIV D PETERSON SUBD
  • Disclosures/Reports: Lead Based Paint Disclosure, Seller Disclosure, See Remarks
  • Property ID: 1130008190000
  • Lot Number: 9

Listed by DEN Property Group

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Listing agent

— 2201 Leon St —

  • DEN Property Group

(512) 222-3364

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2201 Leon St

School District:Austin Independent School District
NameGradesDistance
Bryker Woods Elementary School
3309 Kerbey Lane, Austin, TX 78703
K-51.3 mi
O Henry Middle School
2610 West 10th Street, Austin, TX 78703
6-81.4 mi
Austin High School, Austin, TX
1715 West Cesar Chavez Street, Austin, TX 78703
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2201 Leon St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/17/2026
Price Reduced
$1,550,500
-11.4%
MLS
7/22/2026
Listed
$1,750,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2201 Leon St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,170
1%
$1,034,468
-2%
2024
$20,908
52%
$1,055,014
17%
2022
$13,782
—
$900,000
29%
2022
$13,782
-3%
$697,840
7%
2021
$14,194
-2%
$652,080
—
2020
$14,520
4%
$652,080
2%
2020
$13,986
44%
$640,640
45%
2018
$9,726
1%
$442,800
2%
2016
$9,656
—
$432,960
—
2017
$9,656
7%
$432,960
10%
2015
$9,037
29%
$393,600
33%
2014
$7,025
-3%
$295,200
—
2013
$7,271
—
$295,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by DEN Property Group

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2201 Leon Street, Austin, TX 78705 (MLS# 6989655) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 2201 Leon Street is currently listed for $1,550,500 and was received on July 22, 2026. Want to learn more about 2201 Leon Street? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

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