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$1,350,000

5101 Leralynn St, Austin, TX, 78751

On MarketInfo
Just AddedInfo
Baths2 Bath
Baths1,968 Sq Ft
DuplexDuplex
price_per_sqft$685.98 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Range, Refrigerator, Range Hood, Stainless Steel Appliances
FlooringTile, Vinyl, Wood

Exterior

Exterior FeaturesNone
Lot Size7,993 sqft

Building Information

Year Built1948
Stories1
Roof Type105

Land Information

APN02230802010000
Lot Number2
SubdivisionKoenig Place Annex
Land UseResidential
Legal DescriptionLOT 2 KOENIG PLACE ANNEX
Census Tract000305
Assessed Land Value$439,828
Assessed Improvement Value$215,213
Assessment Year2025

About this property

Rare dual-lot portfolio sale. Exceptional opportunity to acquire 218 W 51st St and 5101 Leralynn St, Austin, TX 78751 together as a single package. These properties are being sold as one with the other, and the list price reflects both parcels. The 51st St property includes a vacant 1,968 sq ft duplex featuring original wood floors and a sprawling backyard. Positioned in prime Koenig Place Annex right across from neighborhood tennis courts, this package is perfect for a premium multi-unit redevelopment or a high-yield rental portfolio.

Investor Tools

$0Estimated Mortgage Balance
$840,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,100 /month
Positive
Cash Flow Estimate:
$2,700 /month

Interested in this property?

Scott Hayes

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,513/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,951
$655,041
2025
$439,828
$215,213
$655,041
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,951
$655,041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$655,041
100%
0%
$0/mo

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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5101 Leralynn St | Property Details | No Agent List