beds

baths

3,142

square ft

2511 San Gabriel St

Austin, Texas 78705

Closed / MLS #3242804 / Single Family / Austin

Listing information updated 10/15/2026 at 6:27pm

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.

Full Features

Exterior Type:

Frame,Stucco

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Central

Appliances:

Disposal, Dryer, Oven, Range, Washer/Dryer

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

89 Years

Roof Type:

Composition

Parking Type:

Off Street

Parking Spaces:

Water Front:

Water Features:

None

Square Feet:

3,142

Lot Size:

0.159 Acres

Acreage:

0.159

Internal Features:

Breakfast Bar, Ceiling Fan(s), Quartz Counters, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s), Wood Frames

External Features:

Private Yard, Covered

Room Information

Kitchen:

Main

Primary Bedroom:

Main

Primary Bathroom:

Main

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2023

Location

Zip Code:

78705

City:

Austin

County:

Travis

Schools

School District(s):

Austin ISD

Elementary School:

Bryker Woods

Middle School:

O Henry

High School:

Austin

Exterior Type:

Frame,Stucco

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Central

Appliances:

Disposal, Dryer, Oven, Range, Washer/Dryer

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

89 Years

Roof Type:

Composition

Parking Type:

Off Street

Parking Spaces:

Water Front:

Water Features:

None

Square Feet:

3,142

Lot Size:

0.159 Acres

Acreage:

0.159

Internal Features:

Breakfast Bar, Ceiling Fan(s), Quartz Counters, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s), Wood Frames

External Features:

Private Yard, Covered

Kitchen:

Main

Primary Bedroom:

Main

Primary Bathroom:

Main

Tax Amount:

N/A

Tax Year:

2023

Zip Code:

78705

City:

Austin

County:

Travis

School District(s):

Austin ISD

Elementary School:

Bryker Woods

Middle School:

O Henry

High School:

Austin

Listing Office: Resavvy LLC

Agent Contact Information: (512) 762-8669

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Unlock MLS as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/15/2026 at 6:27pm. 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.