2201 Leon ST Austin, TX 78705
2,288 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,288 sqft
Price per Sqft $764
Subdivision Peterson
MLS Listing ID 6989655
HOA Y/N No
Year Built 1956
Annual Tax Amount $21,187
Tax Year 2026
Lot Size 6,751 Sqft
Acres 0.155
Property Sub-Type Quadruplex
Source actris
Property Description
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.
Location
State TX
County Travis
Interior
Interior Features See Remarks, Breakfast Bar, Open Floorplan, Stackable W/D Connections
Heating See Remarks, Electric
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance 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)
Exterior
Exterior Feature Private Yard
Fence See Remarks, Fenced, Wood
Pool None
Community Features None
Utilities Available See Remarks, Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description None
View None
Roof Type Asbestos Shingle
Porch Awning(s), Patio
Total Parking Spaces 4
Building
Lot Description See Remarks, Alley, Back Yard, Front Yard, Landscaped, Native Plants
Faces West
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type See Remarks,HardiPlank Type,Vinyl Siding,Wood Siding
New Construction No
Schools
Elementary Schools Bryker Woods
Middle Schools O Henry
High Schools Austin
School District Austin Isd
Others
Pets Allowed Cats OK, Dogs OK, Small (< 20 lbs), Medium (< 35 lbs)
Special Listing Condition See Remarks
Pets Allowed Cats OK, Dogs OK, Small (< 20 lbs), Medium (< 35 lbs)