2201 Leon StAustin, TX 78705

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.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1956

Living area

2,288 Sq Ft

Lot size

0.15 acres

Parking spaces

4

Days on market

88

MLS^® Listing#

6989655

Property Features

Interior

See Remarks · Breakfast Bar · Open Floorplan · High Speed Internet

Exterior

Private Yard

Appliances

Built-In Gas Range · Cooktop · Dishwasher · Gas Cooktop · Gas Range · Microwave · Free-Standing Gas Range · Refrigerator · Free-Standing Refrigerator · Stainless Steel Appliance(s)

Cooling

Wall/Window Unit(s)

Heating

See Remarks · Electric

Flooring

Tile · Vinyl

Fireplace

None

Pool

None

Parking

See Remarks

Laundry

In Unit

Patio

Awning(s) · Patio

Fencing

See Remarks · Fenced · Wood

Lot features

See Remarks · Back Yard · Front Yard · Landscaped · Native Plants

Construction

See Remarks · HardiPlank Type · Vinyl Siding · Wood Siding

Foundation

Slab

Roof

Asbestos Shingle

Windows

Blinds · Double Pane Windows · Screens

Security

Security Lights

Other structures

Outbuilding · Second Residence · Storage

Community

None

Utilities

See Remarks · Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Bryker Woods

Middle

O Henry

High

Austin

Financial Details

HOA

None

Annual taxes

$21,187Tax year 2026

Assessed value

$1,034,468

Parcel number

01130008190000

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.