Active Listing  ·  51 days on market

605 W South St #33

Leander, TX 78641
$530,000
6 Bed 6 Bath 3,034 sqft $175/sqft Built 2021 0.05 acres 4-Car Garage Pool SOUTH STREET VILLAS

Rare opportunity to own a well-maintained duplex in the heart of Leander, offering exceptional flexibility for homeowners, investors, and multigenerational living. Live in one unit and offset your mortgage with rental income from the other, or add a turnkey investment property to your portfolio in one of Central Texas' fastest-growing communities. Each unit features 3 bedrooms, 2.5 bathrooms, a 2-car garage, granite countertops, white cabinetry, stainless steel appliances, refrigerator, spacious closets, fresh interior paint, abundant natural light, and an open-concept floor plan. Durable luxury vinyl plank flooring downstairs and comfortable carpet upstairs provide both style and functionality. The location is hard to beat. Conveniently situated near Hwy 183, 183A Toll Road, and Hero Way, the property offers easy access throughout the Austin metro area. Enjoy being just minutes from Historic Downtown Leander, H-E-B, shopping, dining, entertainment, medical facilities, and the Leander MetroRail station for a convenient commute into Austin. Zoned to highly regarded Leander ISD schools, many within walking distance, with additional nearby charter and private school options, including BASIS. Nearby healthcare providers include St. David's Emergency Center, Baylor Scott & White, and Cedar Park Regional Medical Center. Whether you're seeking a house-hacking opportunity, a dual-living arrangement, or a cash-flowing investment, this duplex offers strong long-term potential in a high-demand location.

At $175/sqft, this home is 27% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

605 W South St #33, Leander, TX 78641

Property Details

Price $530,000
Status Active Listing
Beds 6
Full Baths 4
Half Baths 2
Living Area 3,034 sqft
Lot Size 0.05 acres (2,025.54 sqft)
Year Built 2021
Garage 4 spaces
Stories ,
Type Residential · Townhouse
Subdivision SOUTH STREET VILLAS
County Williamson
Zip Code 78641
$/sqft $175/sqft
Days on Market ,
HOA $166.67/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237614565
List Date June 26, 2026
Elementary School Camacho
Middle School Leander Middle
High School Leander High
School District ,

Luke Allen (TREC #788149) has deep knowledge of Leander 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 Leander

Comparable Listings Right Now

Homes currently for sale in Leander 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
2009 Crooked Creek St
ROSENBUSCH RANCH
$529,740 $179 5 bd / 3 ba 2,957 sqft , 2026-08-13
548 Prairie Wind Dr
ROSENBUSCH RANCH
$536,540 $178 5 bd / 4 ba 3,008 sqft , 2026-07-14
544 Prairie Wind Dr
Rosenbusch Ranch
$521,490 $181 5 bd / 3 ba 2,885 sqft , 2026-08-10
1316 South Brook Dr
South Brook
$544,950 $192 5 bd / 4 ba 2,837 sqft , 2026-02-23
417 Eagle Canyon Dr
ROSENBUSCH RANCH
$551,990 $162 5 bd / 3 ba 3,403 sqft , 2026-03-16

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
$2,544/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
$106,000
20% conventional investment loan

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

Estimated Gross Rent+$2,544
Principal + Interest−$2,892
Property Tax (~2.1% TX avg)−$928
Insurance (~0.5%)−$221
Est. Monthly Cash Flow $-1,497

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 Leander, TX

Leander sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 25 min SE
Dell Technologies HQ 20 min SE
Samsung Austin Semiconductor 30 min SE

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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 July 11, 2026.

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