About This Home

Fantastic owner-occupied or investment condo opportunity just blocks away from the University of Texas campus. Perfect for out of state purchasers looking to establish residency for in-state tuition. This one-bedroom, one-bathroom condo is located just minutes from campus, public transit, dining, and entertainment. Recent upgrades include stainless steel appliances, granite countertops, new plumbing and lighting fixtures, vinyl flooring, and an in-unit stackable washer and dryer. One parking spot included with the unit. Currently renter occupied with a lease until May 31st, 2027.

At $363/sqft, this home is 7% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2207 Leon St #203, Austin, TX 78705

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Property Details

Price $199,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 550 sqft

Lot Size 0.34 acres (15,002.06 sqft)

Year Built 1985

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Leon Street Condominiums

County Travis

Zip Code 78705

$/sqft $363/sqft

Days on Market ,

HOA $171/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT250248734

List Date October 19, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

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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

1905 San Gabriel St #206
San Gabriel West $199,900 $393 2 bd / 1 ba 509 sqft , 2026-07-30

204 E 30th St #102
30th Street Condominiums $200,000 $500 1 bd / 1 ba 400 sqft , 2026-10-10

1800 Lavaca St #102
Greenwood Towers Amd $199,000 $327 1 bd / 1 ba 608 sqft , 2026-04-24

1800 Lavaca St #A613
Greenwood Towers Amd $197,770 $345 1 bd / 1 ba 573 sqft , 2026-06-23

1010 W 23rd St #5
Westwood Condo $195,000 $431 1 bd / 1 ba 452 sqft , 2026-10-09

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

$960/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

$39,980

20% conventional investment loan

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

Estimated Gross Rent+$960

Principal + Interest−$1,091

Property Tax (~2.1% TX avg)−$350

Insurance (~0.5%)−$83

Est. Monthly Cash Flow $-564

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 Austin, TX

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

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

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 October 20, 2026.

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

2207 Leon St #203

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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