2511 San Gabriel St, Austin, TX, 78705
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.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1937
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Disposal,Dryer,Oven,Range,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 9
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)
- Window features: Wood Frames
- Flooring: Laminate
- Number of fireplaces: 1
- Fireplace features: Living Room
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 3,142 sqft
Kitchen
- Features: Quartz Counters
- Level: Main
Primary Bathroom
- Features: Quartz Counters
- Level: Main
Primary Bedroom
- Features: Ceiling Fan(s)
- Level: Main
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 02140101120000
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Covered
- Exterior features: Private Yard
- Spa features: None
- Fencing: Front Yard, Privacy
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Lot size: 6,926 sqft
- Features: Alley Access,Back Yard,Trees-Large (Over 40 Ft)
- Lot size dimensions: 128 x 54
Parking
- Parking features: Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Hail
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,087 | $121,044 |
| Home Insurance * | $658 | $7,896 |
| Property Taxes | $3,355 | $40,260 |
| Electricity | $345 | $4,140 |
| Total | $14,445 | $173,340 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-18 | Listing removed | $9,000 |
| 2026-07-24 | Price change | $9,000 |
| 2026-07-17 | Price change | $5,000 |
| 2026-07-14 | Listed for sale | $1,995,000 |
| 2026-07-02 | Price change | $7,000 |
| 2026-06-27 | Price change | $5,995 |
| 2026-06-21 | Price change | $7,000 |
| 2026-05-27 | Price change | $7,500 |
| 2026-05-16 | Listing removed | $2,195,000 |
| 2026-05-15 | Listed for rent | $7,995 |
| 2026-05-14 | Listing removed | $7,995 |
| 2026-05-08 | Price change | $7,995 |
| 2026-04-02 | Price change | $16,000 |
| 2026-03-31 | Price change | $9,000 |
| 2026-03-07 | Price change | $10,000 |
| 2026-03-05 | Price change | $10,755 |
| 2026-02-25 | Price change | $10,995 |
| 2026-02-23 | Price change | $16,000 |
| 2026-01-14 | Price change | $13,495 |
| 2026-01-07 | Price change | $14,995 |
| 2025-12-02 | Price change | $13,950 |
| 2025-11-10 | Price change | $13,995 |
| 2025-10-13 | Price change | $14,995 |
| 2025-09-25 | Listed for rent | $15,995 |
View on Zillow