About This Home

Fully remodeled condo with new kitchen, fixtures, flooring, appliances, paint! This huge end unit is located in the heart of West Campus, within walking distance of The University of Texas, restaurants, entertainment, and more. This condo features wood laminated flooring, cathedral ceilings in the bedrooms, and a fireplace in the living room. W/D and two reserved parking spaces included. Currently leased until July 31, 2026.

At $275/sqft, this home is 30% 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

2401 Leon St #206, Austin, TX 78705

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Property Details

Price $349,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,273 sqft

Lot Size ,

Year Built 1981

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision WATERFORD CONDOMINIUMS THE A

County Travis

Zip Code 78705

$/sqft $275/sqft

Days on Market ,

HOA $322/Monthly

Annual Tax Est. $6,880.47

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237980396

List Date June 29, 2026

Elementary School Bryker Woods

Middle School Kealing

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

803 Kavanagh Dr
Buckingham Estates Ph 3 Sec 5 $349,900 $343 3 bd / 2 ba 1,021 sqft , 2026-03-19

2502 Leon St #304
Texan Shoal Creek $349,900 $375 2 bd / 2 ba 932 sqft , 2026-04-07

6501 Brush Country Rd #137
Westcreek Landing Condo $349,900 $329 2 bd / 2 ba 1,062 sqft , 2026-02-28

8401 Orizzonte St
Easton Park Ph 2 Sec 2B $349,900 $224 3 bd / 3 ba 1,563 sqft , 2026-03-15

1803 Arborside Dr
Pioneer Hill Sec 1 $349,900 $267 3 bd / 2 ba 1,310 sqft , 2026-05-04

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

$1,680/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

$69,980

20% conventional investment loan

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

Estimated Gross Rent+$1,680

Principal + Interest−$1,910

Property Tax (~2.1% TX avg)−$612

Insurance (~0.5%)−$146

Est. Monthly Cash Flow $-988

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

2401 Leon St #206

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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