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2511 San Gabriel Street

Austin, TX 78705
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Bed 9

Bed

Bath 4

Bath

SqFt3,142

Sqft

Acres0.16

Acre(Lot)

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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Detail Ic Property Details

Property Type : Residential

Price : $1,995,000

AD Id : 88043454

MLS Id : 3242804

Beds : 9

Lot Size : 0.16 Acre

Living Area Size : 3,142

Year Built : 1937

County : Travis

Subdivision: Wooten Goodall

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Roofing Information

    Composition

    Flooring Information

    Laminate
  • Interior Features

    BreakfastBar, CeilingFans, MainLevelPrimary, NoInteriorSteps, OpenFloorplan, QuartzCounters, WalkInClosets
    Roof: Composition
    Appliances: Dryer, Disposal, Oven, Range, Washer
    Laundry Features: MainLevel, LaundryRoom, ElectricDryerHookup, GasDryerHookup
  • Heating & Cooling

    Heating: Central Has Cooling: Yes

  • Building Information

    Year Built: 1937
    Construction Materials: Frame, Stucco
    Stories: 1
    Pool Features: None
    Private Pool: No
    Water front Features: None
    View: None
  • Exterior Features

    Exterior Features: PrivateYard

  • Lot Information

    Lot Dimensions: 128x54 Main Square Feet: 0.159 Lot Size Acres: 0.159 Lot Description: Alley,BackYard,TreesLargeSize

    Property Information

    Subdivision: Wooten Goodall Source Property Type: Residential Property SubType: Single Family Residence Direction Faces: Northeast Levels: One Property Age: 89

  • Listing Price Information

    Listing Price: $1995000
    Cash, Conventional, Exchange1031

  • Tax Information

    Parcel Number: 02140101120000 Tax Lot: c Tax Year: 2023 Tax Legal Desc: LOT 3 OLT 53 DIV D WOOTEN GOODALL SUBD

  • School Information

    Elementary School: Bryker Woods Junior High School: O Henry Senior High School: Austin
  • Utility Information

    ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: east of Lamar, west of Guadalupe north of 24th street WaterSource: Public
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ByOwner last updated this listing 09/01/2026 @ 15:55

MLS: 3242804 LISTED BY: Tony Lazarov, Resavvy LLC 512-762-8669 SOURCE: ACTRIS

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