2511 San Gabriel St,Austin, TX 78705
Austin, TX 78705
Description
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.
Details
| MLS # | 3242804 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1937 |
| Days On Site | 101 |
| Listing Provided By | Resavvy LLC | Tony Lazarov |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,142 |
| Story(s) | 1 |
| Acreage | 0.16 |
| Water Front | Yes |
| Property View | None |
Interior
| Interior Features | Breakfast Bar, Ceiling Fan(s), Quartz Counters, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s) |
|---|---|
| Cooling | Central Air |
| Heating | Central |
| Appliances | Disposal, Dryer, Oven, Range, Washer/Dryer |
| Fireplace Features | Living Room |
| Fireplaces Total | 1 |
| Window Features | Wood Frames |
| Flooring | Laminate |
Exterior
| Exterior Features | Private Yard |
|---|---|
| Roof | Composition |
| Foundation Details | Pillar/Post/Pier |
| Lot Features | Alley, Back Yard, Trees-Large (Over 40 Ft) |
| Patio And Porch Features | Covered |
| Fencing | Front Yard, Privacy |
| Construction Materials | Frame, Stucco |
Parking
| Parking Features | Off Street |
|---|---|
| Garage Spaces | 0 |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78705 |
| Area | UT |
| Community Name | Wooten Goodall |
| School District | Austin ISD |
| Elementary School | Bryker Woods |
| High School | Austin |
| Listing VS Median (in Wooten Goodall) | |
Price: $1,995,000 low | high Med: $997,925 sqft: 3,142 low | high Med: 1,821 $ / sqft: $635 low | high Med: $318 On site: 101 low | high Med: 74 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 23, 2026 at 3:27:43 AM PDT 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.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78705 |
| Area | UT |
| Community Name | Wooten Goodall |
| School District | Austin ISD |
| Elementary School | Bryker Woods |
| High School | Austin |
| Listing VS Median (in Wooten Goodall) | |
Price: $1,995,000 low | high Med: $997,925 sqft: 3,142 low | high Med: 1,821 $ / sqft: $635 low | high Med: $318 On site: 101 low | high Med: 74 | |
