2511 San Gabriel Street, Austin, TX

$1,995,000

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9

Beds

4

Baths

3,142

Square feet

0.16

Acres

About 2511 San Gabriel Street

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.

Features of 2511 San Gabriel Street

MLS® # 3242804
Price $1,995,000
Bedrooms 9
Bathrooms 4.00
Full Baths 4
Square Footage 3,142
Acres 0.16
Year Built 1937
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 2511 San Gabriel Street
Area UT
Subdivision Wooten Goodall
City Austin
County Travis
State TX
Zip Code 78705

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Features None
Parking Off Street
View None
Is Waterfront No
Waterfront None
Has Pool No

Interior

Interior Laminate
Interior Features Ceiling Fan(s), Main Level Primary, Open Floorplan, Walk-In Closet(s), Breakfast Bar, No Interior Steps, Quartz Counters
Appliances Disposal, Dryer, Oven, Range, Washer
Heating Central
Fireplace Yes
# of Fireplaces 1
Fireplaces Living Room
# of Stories 1
Stories One

Exterior

Exterior Features Private Yard
Lot Description Alley, Back Yard, Trees Large Size
Roof Composition
Construction Frame, Stucco
Foundation Pillar/Post/Pier

School Information

District Austin ISD
Elementary Bryker Woods
Middle O Henry
High Austin

Additional Information

Date Listed May 14th, 2026
Days on Market 50
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeResavvy LLC
Contact Info(512) 762-8669

Listing Map

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