Active Listing  ·  193 days on market

103 E Willis St

Leander, TX 78641
$740,000
3 Bed 1 Bath 1,547 sqft $478/sqft Built 1930 1.54 acres 2-Car Garage Pool Leander

Seller Offering 1% Buy Down Incentive! Take advantage of a limited-time buy down through the preferred lender and enjoy savings of hundreds per month during your first year of homeownership! Excellent location with accessibility and high visibility from HWY 183 in Old Town Leander’s master plan revitalization project. 3br/ 1 bath 1547 sq ft pier and beam structure built in the 1930s with large lot and mature trees. 103 E Willis is the perfect opportunity for income generation or occupancy during buy and hold. Ready to renovate into a thriving small business, restaurant or shop. 103 E Willis with structure, storage containers, and adjacent .86 acre lot making 1.54 acres total, included in the sale price. Accessible from both E Broade and E Willis with 300+ feet of 183 frontage at the rail line. Small outdoor storage shed conveys, other two shipping container storage units currently generating income are negotiable. Walkable to East old town emerging entertainment district, 5th element brewery, coffee and food trucks. Located across Hero Way to the South of the new Northline Leander Development. Great trees along the border of the property and in the fenced back yard, great visibility and access in back. Imagine the possibilities!

At $478/sqft, this home is priced 100% above the Leander active market average of $239/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

103 E Willis St, Leander, TX 78641

Property Details

Price $740,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,547 sqft
Lot Size 1.54 acres (67,082.4 sqft)
Year Built 1930
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Leander
County Williamson
Zip Code 78641
$/sqft $478/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,062.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219168580
List Date February 12, 2026
Elementary School Camacho
Middle School Leander Middle
High School Leander High
School District ,

Luke Allen (TREC #788149) has deep knowledge of Leander and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Leander

Comparable Listings Right Now

Homes currently for sale in Leander with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
408 Hazelwood St #116
Hazelwood Village
$485,000 $236 3 bd / 3 ba 2,054 sqft , 2026-04-08

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,552/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$148,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,552
Principal + Interest−$4,038
Property Tax (~2.1% TX avg)−$1,295
Insurance (~0.5%)−$308
Est. Monthly Cash Flow $-2,089

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Leander, TX

Leander sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 25 min SE
Dell Technologies HQ 20 min SE
Samsung Austin Semiconductor 30 min SE

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on March 21, 2026.

📞 (254) 718-2567 [email protected] More about Luke →