Active Listing  ·  182 days on market

2409 Leon St #307

Austin, TX 78705
$285,000
2 Bed 2 Bath 761 sqft $375/sqft Built 1985 0.02 acres 2-Car Garage Pool Stoneleigh Condo

Discover this turn-key 2-bedroom, 2-bathroom condo at 2409 Leon St, Austin, TX 78705 in the desirable Stoneleigh Condominiums. Perfectly positioned in the vibrant West Campus neighborhood, this unit offers unbeatable walkability to The University of Texas at Austin campus, The Drag (Guadalupe Street) with endless dining, coffee shops, and entertainment, plus quick access to downtown Austin. Recently renovated for modern living, the condo features a fresh updated kitchen with contemporary finishes and both bathrooms refreshed for a clean, stylish feel. The open layout includes a stackable washer/dryer that conveys with the sale, along with the refrigerator, making it move-in ready for future owners or seamless for continued rental income. Spacious roommate-friendly design with private en-suite bathrooms in each bedroom

Two reserved garage parking spaces – a rare and valuable perk in this high-demand area

Gated community access for added security and peace of mind. Currently leased until July 31, 2026 at $1,795/month, this property delivers immediate cash flow and strong rental history potential in one of Austin's most sought-after student/professional zip codes (78705). Ideal for investors seeking hands-off income or buyers planning ahead post-lease. Embrace the best of Austin living – walk to UT games, classes, nightlife, and more, all while enjoying the convenience of a fully updated, parking-included condo. Don't miss this rare opportunity in Stoneleigh Condominiums!

At $375/sqft, this home is 4% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2409 Leon St #307, Austin, TX 78705

Property Details

Price $285,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 761 sqft
Lot Size 0.02 acres (875.56 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Stoneleigh Condo
County Travis
Zip Code 78705
$/sqft $375/sqft
Days on Market ,
HOA $350/Monthly
Annual Tax Est. $5,526
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219368607
List Date February 13, 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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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
5332 Balcones Dr #B
Highland Park West Condo Amd
$285,000 $286 2 bd / 2 ba 995 sqft , 2026-04-19
7104 Villita Avenida St
Frontier At Montana Amd
$285,000 $302 2 bd / 1 ba 944 sqft , 2026-04-29
2815 Rio Grande St #204
Gazebo Condo
$285,000 $560 2 bd / 1 ba 509 sqft , 2026-05-13
201 W 31st St #B
Fruth Add
$285,000 $296 3 bd / 1 ba 964 sqft , 2026-06-30
4510 Terry O Ln #112
The Station at St. Elmo
$285,000 $379 1 bd / 1 ba 752 sqft , 2026-08-06

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
$1,368/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
$57,000
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (~2.1% TX avg)−$499
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-805

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 June 13, 2026.

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