2511 San Gabriel ST, Austin TX 78705
MLS #244817282 · Resavvy LLC · Tony Lazarov
About this home
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.
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1937
- Full baths
- 4
- Lot size
- 128x54
- Subdivision
- Wooten Goodall
- MLS area
- UT
- MLS #
- 244817282
Features
Interior features
- Breakfast Bar
- Ceiling Fan(s)
- Quartz Counters
- Electric Dryer Hookup
- Gas Dryer Hookup
- No Interior Steps
- Open Floorplan
- Primary Bedroom on Main
- Walk-In Closet(s)
Exterior features
- Private Yard
Additional details
- Parking
- Off Street
- Garage spaces
- 0
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Austin ISD
- Elementary
- Bryker Woods
- Middle
- O Henry
- High
- Austin
Comparable homes near 2511 San Gabriel ST
Similar homes currently for sale nearby, ranked by distance.
Getting around
- Downtown Austin
- 1.6 mi
- Austin-Bergstrom Airport
- 8 mi
Straight-line distance, not drive time.
Market insights
Compared with 271 active homes in ZIP 78705 · HomeLocating listings
At $1,995,000, this home is priced 538% above the $312,900 median across 271 active homes in ZIP 78705.
Estimated monthly payment
Home price
$1,995,000
Down payment
20% ($399,000)
Loan details
30-yr fixed, 6.50%
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Listing courtesy of Resavvy LLC · Tony Lazarov
Listing data last updated Oct 2, 2026, 11:46 PM
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