2511 San Gabriel St, Austin, TX 78705
Local realty services provided by:CENTURY 21 Judge Fite Company
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 sale to a high-rise developer at premium dirt value....
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Home facts
- Year built:1937
- Subdivision & Development:Wooten Goodall
- Listing ID #:3242804
- Updated:September 16, 2026 at 03:46 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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