About This Home

Great West Campus property on a quiet, student-friendly street just one block from the UT Shuttle. This remodeled unit features an open-concept layout with the kitchen overlooking the spacious living area — perfect for entertaining or studying.

• Hardwood flooring throughout

• Stainless steel appliances

• In-unit washer & dryer

• Spacious 1 bed / 1 bath layout (500 SF)

• Modern remodeled finishes

• Quiet community

• Walking distance to UT campus

Prime Austin location near campus, restaurants, shopping, and entertainment.

Available now — contact today to schedule a tour!

At $400/sqft, this home is priced 2% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2207 Leon St #202, Austin, TX 78705

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Property Details

Price $220,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 550 sqft

Lot Size 0.02 acres (1,045.44 sqft)

Year Built 1971

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Peterson

County Travis

Zip Code 78705

$/sqft $400/sqft

Days on Market ,

HOA $171.22/Monthly

Annual Tax Est. $4,084.15

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT229007744

List Date May 6, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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

900 S 1st St #320
900 S 1st St Condos $220,000 $442 1 bd / 1 ba 498 sqft , 2026-03-04

910 Duncan Ln #11
Pointe Condo Amd $220,000 $361 1 bd / 1 ba 609 sqft , 2026-05-04

2207 Leon St #104
Peterson $220,000 $440 1 bd / 1 ba 500 sqft , 2026-05-06

2714 Nueces St #108
Nueces Corner Condo Amd $220,000 $550 1 bd / 1 ba 400 sqft , 2026-06-01

2802 Nueces St #306
Wedgewood Condo $222,000 $597 1 bd / 1 ba 372 sqft , 2026-05-16

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

$1,056/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

$44,000

20% conventional investment loan

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

Estimated Gross Rent+$1,056

Principal + Interest−$1,201

Property Tax (~2.1% TX avg)−$385

Insurance (~0.5%)−$92

Est. Monthly Cash Flow $-622

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 →

2207 Leon St #202

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

2207 Leon St #202

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate