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14678127
14671796

2511 San Gabriel St, Austin, TX 78705 For Sale

TL
TX 9005423
REspace LLC
Listed by REspace LLC
$2,195,000
914 days on market
Updated 20 days ago

Turnkey trophy cashflow house in West Campus near UT Campus.

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Student Housing
Square Footage 3,124
Net Rentable (SqFt) 3,142
Units 1
Beds 9
Cap Rate 6.22%
NOI $136,500
Occupancy 100%
Pro-Forma Cap Rate 7.02%
Pro-Forma NOI $154,000
Price per SqFt $703
Class A
Year Built 1937
Year Renovated 2023
Buildings 1
Stories 1
Lot Size (SqFt) 6,912
Zoning MF-4-NP
Parking Spaces 4 spaces
Parking per 1,000 SqFt 1.28
Investment Type Core
Occupancy Date 01/01/2024
Ground Lease No
Ownership Fee Sample

2511 San Gabriel

Marketing description

Exceptional opportunity to own a trophy investment property in one of the most desirable locations in Austin. Located just a few short blocks from the University of Texas and less than a mile from Downtown Austin, this fully renovated property combines strong in-place cash flow with long-term redevelopment potential.

Originally remodeled in 2023, the home features updated HVAC, plumbing, electrical, appliances, and finishes throughout. As a rare single-story home in West Campus, it continues to see exceptionally strong tenant demand.

The property is currently leased through July 31, 2027 at $16,000 per month, providing immediate, stable cash flow. Based on the current asking price, the property offers an attractive cap rate with significant upside through future rental growth.

This is a true core investment opportunity with low operating expenses, durable tenant demand, and long-term appreciation potential.

Investment highlights

• Trophy investment in the heart of West Campus

• Currently leased through July 31, 2027 at $16,000 per month

• Strong cash flow with an attractive cap rate

• Low expense ratio of approximately 20%

• Minimal maintenance due to a single-family layout with only one set of major appliances and a xeriscaped yard

• Long-term leases reduce turnover and eliminate recurring lease commissions

• Easy to self-manage with no management fees required

• Located within the coveted UNO Overlay, providing future redevelopment flexibility

• Walking distance to the University of Texas with consistently strong tenant demand

• Extremely limited supply of comparable single-story homes, resulting in groups often seeking to pre-lease one to two years in advance

• Historically resilient investment supported by the University of Texas and Downtown Austin employment base

• Excellent long-term rental growth, appreciation, and redevelopment potential

Listing Contacts

TL
TX 9005423
REspace LLC
Listed by REspace LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$136,500.00
$11,375.00/mo

Valuation Metrics

0
DSCR
6.22%
Cap Rate
6.22%
ROI

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