Active Listing  ·  105 days on market

2409 Leon St #201

Austin, TX 78705
$279,000
2 Bed 2 Bath 761 sqft $367/sqft Built 1985 0.02 acres 2-Car Garage Pool Stoneleigh Condo

Rare opportunity to own a well-located 2-bedroom, 2-bath condo in one of Austin’s most consistently high-demand rental markets. The functional roommate floor plan appeals to student and young professional tenants, while the property’s walkable location near UT, restaurants, Greek houses, and a nearby UT shuttle stop supports strong leasing demand. This unit stands out with a private, shaded patio—an uncommon feature in the complex that adds tenant appeal and livability. Residents enjoy secure access with a gated garage offering two reserved parking spaces, coded pedestrian entry, and elevator access from the garage for added convenience. Everyday amenities are close by, including Orange Market just one block away, while nearby Shoal Creek Greenbelt and Pease Park provide attractive outdoor recreation options that further enhance the property's rental desirability.

At $367/sqft, this home is 7% 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

2409 Leon St #201, Austin, TX 78705

Property Details

Price $279,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 761 sqft
Lot Size 0.02 acres (757.94 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Stoneleigh Condo
County Travis
Zip Code 78705
$/sqft $367/sqft
Days on Market ,
HOA $350/Monthly
Annual Tax Est. $4,897.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235749498
List Date June 10, 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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 10, 2026 $299,000
Current ask $279,000
Reduced $20,000 (-6.7%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
3815 Guadalupe None #207
Avenel At Hyde Park Condo
$279,900 $335 2 bd / 1 ba 836 sqft , 2025-02-04
2901 San Jacinto Blvd #306
Oakview Condo
$279,900 $444 1 bd / 1 ba 630 sqft , 2026-06-18
3009 Speedway None #2
Allison Laura L Resub
$275,000 $399 2 bd / 1 ba 689 sqft , 2026-06-30
3111 Tom Green St #111
Heritage Condo Amd
$275,000 $355 2 bd / 2 ba 774 sqft , 2026-08-03
2815 Rio Grande St #204
Gazebo Condo
$285,000 $560 2 bd / 1 ba 509 sqft , 2026-05-13

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
$1,339/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
$55,800
20% conventional investment loan

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

Estimated Gross Rent+$1,339
Principal + Interest−$1,523
Property Tax (~2.1% TX avg)−$488
Insurance (~0.5%)−$116
Est. Monthly Cash Flow $-788

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

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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 August 26, 2026.

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