About This Home

Property leased through 7/31/2026 at $1810/month. This spacious 2 bedroom 2 bathroom condo is ideally located in the heart of West Campus, offering a comfortable and functional layout with generous living areas and abundant natural light. The unit features a washer and dryer, two included parking spaces, and a well maintained interior, making it an excellent investment opportunity or future residence in a highly desirable area just moments from UT.

At $400/sqft, this home is priced 2% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2216 San Gabriel St #105, Austin, TX 78705

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Property Details

Price $324,900

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 813 sqft

Lot Size 0.03 acres (1,258.88 sqft)

Year Built 1982

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Somerset Condo

County Travis

Zip Code 78705

$/sqft $400/sqft

Days on Market ,

HOA $280/Monthly

Annual Tax Est. $6,289.46

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT223777214

List Date April 2, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

3115 Helms St #212
Sunchase Condominiums Amended $324,900 $399 2 bd / 2 ba 815 sqft , 2026-02-05

8801 Little Walnut Dr
Dean Terrace $324,900 $297 3 bd / 2 ba 1,094 sqft , 2026-03-13

2802 Nueces St #101
Wedgewood Condo $324,900 $368 2 bd / 2 ba 882 sqft , 2026-04-16

712 W 21st St #303
Palladian Condo $324,900 $359 2 bd / 2 ba 906 sqft , 2026-04-17

8114 Leroi Dr
Ep Residential Condos $324,990 $296 2 bd / 3 ba 1,098 sqft , 2026-07-10

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$1,560/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$64,980

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,560

Principal + Interest−$1,773

Property Tax (~2.1% TX avg)−$569

Insurance (~0.5%)−$135

Est. Monthly Cash Flow $-917

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

2216 San Gabriel St #105

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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