$1,995,000
9 bd · 4 ba · 3,142 sqft
2511 San Gabriel St, Austin, TX 78705
2511 San Gabriel St, Austin, TX 78705 is a 9-bedroom, 4-bathroom single family residence listed at $1,995,000 ($635/sqft). 3,142 sqft. Built in 1937. Located in West Campus, Austin TX. Priced 62% above the West Campus median of $393/sqft. MLS #3242804. Listed by Resavvy LLC.
Property Overview
San Gabriel Street in West Campus presents a rare investment canvas with nine bedrooms and four bathrooms spanning 3,142 square feet on a substantial 6,926-square-foot lot, positioned directly adjacent to the University of Texas campus and The Drag's bustling commercial corridor. Built in 1937 and comprehensively remodeled, this property sits within the UNO overlay district—a designation that unlocks significant income-generating potential in one of Austin's most dynamic neighborhoods. The configuration speaks to the area's evolution as both a residential community and an investor destination, where modern student housing and condominiums represent the wave of neighborhood transformation.
The location captures unmatched proximity to UT's academic core, student foot traffic, and the vibrant nightlife that defines West Campus. With substantial square footage on an oversized lot, the property accommodates multiple revenue streams and adaptive use scenarios that appeal to institutional and private investors alike. The comprehensive renovation foundation positions this as a strategic entry point for those seeking exposure to Austin's education-anchored real estate market without requiring major capital improvements.
Vox Real Estate Insight
This property commands 64 percent above area median pricing, a premium justified by its rare size, lot dimensions, and UNO zoning status—factors that create genuine scarcity in West Campus. Vox Residential recognizes that successful positioning here requires emphasizing the institutional-grade investment fundamentals rather than competing on single-family residential metrics.
Agent 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.
Neighborhood: West Campus
This property is located in West Campus, Austin, TX. The area is known for UT Campus Adjacent, The Drag Shopping, Student Housing, Modern Condos, Vibrant Nightlife.
At $635/sqft, this listing is priced 62% above the West Campus median of $393/sqft.
Property Details
| Property Type | Single Family Residence |
| Year Built | 1937 |
| Bedrooms | 9 |
| Bathrooms | 4 |
| Living Area | 3,142 sqft |
| Lot Size | 6,926 sqft |
| Price / Sqft | $635 |
| Stories | One |
| Condition | Updated/Remodeled |
| Subdivision | Wooten Goodall |
| County | Travis |
| MLS Area | UT |
| Listed | May 14, 2026 |
| MLS # | 3242804 |
| Listed By | Resavvy LLC |
Interior
| Flooring | Laminate |
| Appliances | Disposal, Dryer, Oven, Range, Washer/Dryer |
| Interior Features | Breakfast Bar, Ceiling Fan(s), Quartz Counters, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s) |
| Windows | Wood Frames |
| Fireplaces | 1 (Living Room) |
| Laundry | Laundry Room, Main Level |
| Main-Level Bedrooms | 9 |
Systems & Utilities
| Cooling | Central Air |
| Heating | Central |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Frame, Stucco |
| Roof | Composition |
| Foundation | Pillar/Post/Pier |
| Exterior Features | Private Yard |
| Patio & Porch | Covered |
| Fencing | Front Yard, Privacy |
| Lot Features | Alley, Back Yard, Trees-Large (Over 40 Ft) |
| Faces | Northeast |
Parking
| Parking Spaces | 7 |
| Parking Features | Off Street |
Community & HOA
| HOA | No |
Assigned Schools
| Elementary | Bryker Woods |
| Middle | O Henry |
| High | Austin |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2023 |
| Assessed Value | $1,061,567 |
| Parcel # | 02140101120000 |
| Legal Description | LOT 3 OLT 53 DIV D WOOTEN GOODALL SUBD |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Rental Records Available, Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 2511 San Gabriel St, Austin, TX 78705?
This property is listed at $1,995,000, which is $635 per square foot. That is 62% above the West Campus area median of $393/sqft.
How many bedrooms and bathrooms does 2511 San Gabriel St, Austin, TX 78705 have?
This home has 9 bedrooms and 4 bathrooms, with 3,142 square feet of living space.
When was 2511 San Gabriel St, Austin, TX 78705 built?
This property was built in 1937, making it 89 years old.
What neighborhood is 2511 San Gabriel St, Austin, TX 78705 in?
This property is in West Campus, Austin, TX. The area is known for ut campus adjacent, the drag shopping, student housing.
How long has 2511 San Gabriel St, Austin, TX 78705 been on the market?
This listing has been on the market for 90 days.
What type of property is 2511 San Gabriel St, Austin, TX 78705?
This is a Single Family Residence on a 6,926.04 sqft lot.