2511 San Gabriel St, Austin, TX, 78705 - MLS# 3242804

$1,995,000

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Beds 9
Baths 4
Sqft 3,142
Acres 0.16
Property Type Home
Heating Central
Parking Off Street
Year Built 1937
Stories 1
Cooling Central Air
Days on Market 71
Garages 0.00

About 2511 San Gabriel St

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.

Location

Legal Description LOT 3 OLT 53 DIV D WOOTEN GOODALL SUBD
Address 2511 San Gabriel St
County Travis
City Austin
Zip Code 78705
Subdivision Wooten Goodall
School District Austin ISD
MLS Area UT

Size and Restrictions

Acres 0.16
Lot Description Alley, Back Yard, Trees Large Size
Horses Allowed No
$/Acre $12,547,170

Improvements

Parking Off Street
Garage Spaces 0.00
Fence Front Yard, Privacy
Exterior Features Private Yard

Features

View None
Water Access None

Utilities

Water Public
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Amenities

Area Amenities None

Beds and Baths

Bedrooms 9
Main Level Beds 9
Bathrooms 4 full
Primary on Main Yes

Other Rooms

Kitchen Appliances Dryer, Disposal, Oven, Range, Washer
Laundry Facilities Main Level, Laundry Room, Electric Dryer Hookup, Gas Dryer Hookup

Heating and Cooling

Heating Central
Air Conditioning Central Air
Fireplaces Living Room

Interior Features

Flooring Laminate
Features Breakfast Bar, Ceiling Fan(s), Main Level Primary, No Interior Steps, Open Floorplan, Quartz Counters, Walk-In Closet(s)
Disability None

Building Information

Square Feet 3,142
Year Built 1937
# of Stories 1
Building Faces Northeast
Construction Frame, Stucco
Foundation Pillar/Post/Pier
Roof Composition

Property Features

Exterior Features Private Yard

Garage and Parking

Garage No
Parking Off Street

Financial

$/Sq Ft $635
$/Acre $12,547,170
Special Conditions NoRestrictions
Documents Available Survey, Rent Rolls
Disclosures Seller Disclosure

Property Taxes

Appraisal District Travis
Tax ID 02140101120000
Tax Year 2023

Homeowner Association

Has HOA No

Listing Details

OfficeResavvy LLC
Contact Info(512) 762-8669

Listing Map

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