Primary on Main
Address
2511 San Gabriel St, Austin, TX
Price
$ 1,995,000
Property Attributes
- MLS#3242804
- TypeSingle Family
- Listing Status Active
- CountyTRAVIS
- CityAustin
- AreaUT
- NeighborhoodWooten Goodall
- Zip78705
- StyleSingle Family Residence
- Year Built1937
- Taxes$ 19206
- Price$ 1,995,000
- Bedrooms9
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3142
- Lot Size0.159 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Bryker Woods Elementary School | O Henry Middle School | Austin High School |
| Price History | |
|---|---|
| 5/15/2026 | Listed $2,195,000 |
| 7/14/2026 | 10$1,995,000 |
General Features
| Living Area | 3142 |
|---|---|
| Sewer | Public Sewer |
| Heating | Central |
| Cooling | Central Air |
| Utilities | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| Roof | Composition |
| Appliances | Disposal,Dryer,Oven,Range,Washer/Dryer |
| Patio/Porch Features | Covered |
| Pool Features | None |
| Construction Materials | Frame,Stucco |
| Year Built | 1937 |
| View | None |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2023 |
| Waterfront Features | None |
| Community Features | None |
| Accessibility | None |
| County | Travis |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Energy Efficient | None |
| Subdivision Name | Wooten Goodall |
| Facing Direction | Northeast |
| Green Sustainability | None |
| Other Structures | None |
| Full Baths | 4 |
| Status | Active |
| Directions | east of Lamar,west of Guadalupe north of 24th street |
| High School | Austin |
| City | Austin |
| Disclosures | Rental Records Available,Seller Disclosure |
| MLS Area | UT |
| Lot Size Square Feet | 6926.04 |
| Spa Features | None |
| Elementary School | Bryker Woods |
| Middle/Junior High School | O Henry |
| Property Condition | Updated/Remodeled |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1061567 |
Interior Features
| Interior Amenities | Breakfast Bar,Ceiling Fan(s),Quartz Counters,No Interior Steps,Open Floorplan,Primary Bedroom on Main,Walk-In Closet(s) |
|---|---|
| Flooring | Laminate |
| Total Fireplaces | 1 |
| Fireplace Features | Living Room |
| Window Features | Wood Frames |
| Total Bedrooms | 9 |
| Main Level Bedrooms | 9 |
| LivingAreaSource | Public Records |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | Private Yard |
|---|---|
| Fencing | Front Yard,Privacy |
| Parking Features | Off Street |
| Lot Features | Alley,Back Yard,Trees-Large (Over 40 Ft) |
| Water Source | Public |
| Total Parking | 7 |
| Foundation Details | Pillar/Post/Pier |
| Lot Dimensions | 128x54 |
| Lot Size Acres | 0.159 |
| Waterfront Y/N | No |
| Horse Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78705
Price
Taxes
Year Built
Visits
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