Active Listing  ·  11 days on market

2502 Leon St #315

Austin, TX 78705
$339,000
2 Bed 2 Bath 925 sqft $366/sqft Built 2007 0.00 acres 1-Car Garage Pool Texan Shoal Creek

PRICED TO SELL – CENTRAL AUSTIN / UT CAMPUS INVESTMENT OPPORTUNITY!

Don’t miss this opportunity to own a 2-bedroom, 2-bath condominium in the highly desirable UT Campus area of Central Austin! Located in an exclusive gated community, this second-floor residence enjoys a relaxing courtyard and pool view along with the rare convenience of TWO gated garage parking spaces.

Inside, you’ll find wood flooring, a functional roommate-friendly 2/2 floor plan, and an in-unit washer and dryer included.

The location is hard to beat—just minutes from The University of Texas, Downtown Austin, and an abundance of shopping, dining, entertainment, and everyday conveniences.

INVESTOR BONUS: A tenant is already in place through July 31, 2027, at $1,895/month, providing immediate rental income from day one.

At $366/sqft, this home is 7% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2502 Leon St #315, Austin, TX 78705

Property Details

Price $339,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 925 sqft
Lot Size 0.00 acres (87.12 sqft)
Year Built 2007
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Texan Shoal Creek
County Travis
Zip Code 78705
$/sqft $366/sqft
Days on Market ,
HOA $669.19/Monthly
Annual Tax Est. $6,718
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242300211
List Date August 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.

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
915 W 23rd St #208
Lenox Condo Amd
$339,000 $359 2 bd / 2 ba 945 sqft , 2026-01-19
106 E 30th St #203
Windtree Condo Amd
$339,000 $417 2 bd / 2 ba 813 sqft , 2026-06-02
912 W 22nd St #208
Vanderbilt Condo Amd
$339,500 $428 2 bd / 2 ba 793 sqft , 2026-05-29
912 W 22nd St #305
Vanderbilt Condo Amd
$339,900 $448 2 bd / 2 ba 758 sqft , 2026-03-19
807 W 25th St #102
St Thomas Condo Amd
$335,000 $362 2 bd / 2 ba 925 sqft , 2025-06-16

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
$1,627/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
$67,800
20% conventional investment loan

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

Estimated Gross Rent+$1,627
Principal + Interest−$1,850
Property Tax (~2.1% TX avg)−$593
Insurance (~0.5%)−$141
Est. Monthly Cash Flow $-957

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 14, 2026.

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