23505 Fulkes Ln,Leander, TX 78641
Leander, TX 78641
Description
Amazing family compound or income-producing property located at 23505 Fulkes Ln. This unique property includes four homes on one site, offering excellent potential for multigenerational living, rental income, or investment. The property consists of one main home at the front and three additional units at the back. The front home is a well-maintained 4-bedroom, 2-bath residence with its own separate water connection and septic system. The three homes at the rear of the property are currently tenant-occupied, with one structure divided into two separate units, bringing the total to four rental units in the back area. Current rental income in the rear units includes $1,300/month, $1,000/month, $1,300/month, and $1,700/month, providing strong income potential. The front home could potentially rent for approximately $2,000/month. There are three septic systems on the property (one permitted and two unpermitted). The front home has its own water meter, while the rear units are currently receiving water from a neighboring property. The sellers are working with the water company to install an additional meter so the rear units can operate under their own dedicated account. Great opportunity for an investor or buyer looking for multiple income streams or a large family compound with rental potential.
Details
| MLS # | 5700948 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 175 |
| Listing Provided By | Keller Williams - Lake Travis | Alice Duffy |
Features
| SQ Feet | 8,010 |
|---|---|
| Building(s) | 4 |
| Acreage | 2.07 |
Interior
| Cooling | Ceiling Fan(s), Wall/Window Unit(s) |
|---|---|
| Heating | Space Heater |
| Flooring | Tile |
Exterior
| Foundation Details | Slab |
|---|---|
| Construction Materials | See Remarks |
| Security Features | Fire Alarm |
Parking
| Parking Features | Gravel |
|---|
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Septic Tank |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 14535 |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Leander |
| Zip Code | 78641 |
| Area | LN |
| Community Name | Sandy Creek Ranches Ph 2 Sec |
| Listing VS Median (in Sandy Creek Ranches Ph 2 Sec) | |
Price: $699,999 low | high Med: $699,999 sqft: 8,010 low | high Med: 8,010 $ / sqft: $87 low | high Med: $87 On site: 175 low | high Med: 175 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 27, 2026 at 5:48:57 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Leander |
| Zip Code | 78641 |
| Area | LN |
| Community Name | Sandy Creek Ranches Ph 2 Sec |
| Listing VS Median (in Sandy Creek Ranches Ph 2 Sec) | |
Price: $699,999 low | high Med: $699,999 sqft: 8,010 low | high Med: 8,010 $ / sqft: $87 low | high Med: $87 On site: 175 low | high Med: 175 | |
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