Active Listing  ·  1 day on market

2220 Leon St #203

Austin, TX 78705
$300,000
2 Bed 2 Bath 862 sqft $348/sqft Built 1972 0.02 acres Pool 2220 Leon Condo Amd

Vacant and move-in ready! Freshly updated West Campus condo conveniently located just 8 blocks from UT, 2 blocks from the Shoal Creek Hike and Bike Trail, and approximately 5 minutes from Downtown Austin. Recent improvements include fresh paint throughout, including walls, trim, kitchen and bathroom cabinets, along with new carpet, new blinds, and a new dishwasher. The open floor plan offers plenty of natural light with a spacious living and dining area that flows into the kitchen. The second bedroom features its own exterior entrance, making it an ideal setup for roommates while providing additional privacy and independence. Washer, dryer, stove, microwave, refrigerator, and new dishwasher all convey. HVAC replaced in 2020. Two parking permits provided through the HOA. Minimum 60-day lease. A great opportunity to enjoy West Campus living with convenient access to UT, Downtown, trails, dining, shopping, and more.

At $348/sqft, this home is 11% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2220 Leon St #203, Austin, TX 78705

Property Details

Price $300,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 862 sqft
Lot Size 0.02 acres (1,001.88 sqft)
Year Built 1972
Garage ,
Stories ,
Type Residential · Condominium
Subdivision 2220 Leon Condo Amd
County Travis
Zip Code 78705
$/sqft $348/sqft
Days on Market ,
HOA $1,025/Quarterly
Annual Tax Est. $6,313
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247581175
List Date September 22, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
School District ,

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.

Schedule a Call →

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
3115 Helms St #210
SUNCHASE CONDOMINIUMS AMENDE
$299,500 $399 2 bd / 2 ba 750 sqft , 2026-05-28
1910 Robbins Pl #105
Robbins Place Condo Amd
$299,000 $298 2 bd / 2 ba 1,005 sqft , 2026-01-28
2401 Leon St #210
Waterford Condo Amd
$299,000 $312 2 bd / 2 ba 958 sqft , 2026-07-14
3309 Grooms St #208
Escala At 34th Condo
$295,000 $338 2 bd / 1 ba 873 sqft , 2026-05-21
806 W 24th St #300
Croix Condo Amd
$294,900 $412 2 bd / 1 ba 715 sqft , 2026-04-01

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
$1,440/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
$60,000
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 September 22, 2026.

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