Active Listing  ·  224 days on market

2216 San Gabriel St #105

Austin, TX 78705
$324,900
2 Bed 2 Bath 813 sqft $400/sqft Built 1982 0.03 acres Pool Somerset Condo

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 3% above the Austin active market average of $390/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

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 Austin ISD

Austin ISD

Bryker Woods · O Henry · Austin

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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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
910 W 25th St #209
Galileo At 25 Condo
$329,000 $457 1 bd / 1 ba 720 sqft , 2026-06-05
3115 Helms St #314
Sunchase Condo Amd
$320,000 $361 2 bd / 2 ba 887 sqft , 2026-06-25
3115 Helms St #212
Sunchase Condominiums Amended
$319,900 $393 2 bd / 2 ba 815 sqft , 2026-02-05
908 Nueces St #14
Celias Court Condominiums
$334,900 $389 1 bd / 1 ba 862 sqft , 2026-04-17
807 W 25th St #102
St Thomas Condo Amd
$335,000 $362 2 bd / 2 ba 925 sqft , 2025-06-16

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 (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$1,560
Principal + Interest−$1,773
Property Tax (assumed ~2.1%)−$569
Insurance (assumed ~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

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on October 5, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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