2511 San Gabriel St, Austin, TX 78705

Austin
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: tony lazarov, noemy sanchez
Office: resavvy llc.
MLS#:3242804
Source:ACTRIS
2511 San Gabriel St,Austin, TX 78705
$1,995,000
  • 9 Beds
  • 4 Baths
  • 3,142 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$1,995,000
  • Price per sq. ft.:$634.95

About this home

Fully renovated 9-bed/4-bath trophy student rental two blocks from UT Austin, in the rare UNO high-rise overlay. Amazing investment opportunity. A 7%+ cap on actual rents in Class-A West Campus is structurally rare. This deal layers in forward leases, day-1 equity, and a redevelopment option for free. Signed pre-lease at $17.5K/mo through July 2028 - see the attached Offering Memorandum for the full details. 6–10 BD houses near UT are pre-leased years in advance. UNO zoning makes high-rises more profitable to build, so large houses are vanishing — not being added. Locked at $10K/mo through Jul '27. Pre-lease at $17,500/mo signed through Jul '28. Oct 2023 appraisal: $2,425,000 (sales-comparison + cost + income approaches all reconciled). Day-1 equity built into the basis. Taken to studs in 2023: HVAC, electrical, plumbing, roof, foundation, kitchen, baths. Permitted. C2 (no deferred maintenance). MF-4-NP inside UNO permits high-rise. The land alone is the long-tail option — eventual...

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Home facts

  • Year built:1937
  • Subdivision & Development:Wooten Goodall
  • Listing ID #:3242804
  • Updated:September 19, 2026 at 03:07 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Laminate
  • Kitchen Description:Disposal, Oven, Range
  • Living area:3,142 sq. ft.

Heating and cooling

  • Cooling:Central
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1937
  • Building area:3,142 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Alley, Back Yard, Trees-Large (Over 40 Ft)
  • Construction Materials:Frame, Stucco
  • Exterior Features:Private Yard
  • Foundation Description:Pillar/Post/Pier

Schools

  • High school:Austin
  • Elementary school:Bryker Woods

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,995,000
  • Price per sq. ft.:$634.95

Features and amenities

  • Appliances:Disposal, Dryer, Oven, Range, Washer/Dryer
  • Laundry features:Dryer, Washer/Dryer

Parking

  • Total parking spaces:7
  • Parking description:Off Street
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