Active Listing  ·  46 days on market

2505 San Gabriel St #308

Austin, TX 78705
$349,900
2 Bed 2 Bath 879 sqft $398/sqft Built 2005 0.01 acres 2-Car Garage Pool Texan Tower Condo Amd

Welcome to Unit 308 at Texan Tower, ideally located in Austin’s West Campus area near The University of Texas. This 2-bedroom, 2-bath condo offers 879 sq. ft. of efficient living space plus something especially hard to find this close to campus—TWO reserved spaces in the gated, secured garage. The open living area flows to a private balcony with city views, while the kitchen features granite countertops and stainless steel appliances. Both bedrooms offer convenient access to full baths, making the floor plan flexible for a variety of living arrangements. Texan Tower offers elevator access and a rooftop swimming pool, creating an easy lock-and-leave lifestyle in the heart of Central Austin. Enjoy quick access to UT Austin, West Campus, Downtown, restaurants, coffee shops, shopping and major Austin destinations. Tenant occupied; 24-hour notice required for showings. A great opportunity to own in one of Austin’s most established campus-area condo communities.

At $398/sqft, this home is priced 2% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2505 San Gabriel St #308, Austin, TX 78705

Property Details

Price $349,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 879 sqft
Lot Size 0.01 acres (217.8 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Texan Tower Condo Amd
County Travis
Zip Code 78705
$/sqft $398/sqft
Days on Market ,
HOA $396/Monthly
Annual Tax Est. $6,032.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242675478
List Date August 7, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
School District ,

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
711 W 21st St #304
Wynn Wood Condo
$349,900 $470 2 bd / 1 ba 744 sqft , 2026-04-02
3016 Guadalupe St #217
Guadalupe 31 Condo
$349,900 $318 2 bd / 2 ba 1,100 sqft , 2026-07-14
2502 Leon St #304
Texan Shoal Creek
$349,900 $375 2 bd / 2 ba 932 sqft , 2026-09-01
806 W 24th St #202
Croix Condo Amd
$345,000 $382 2 bd / 2 ba 904 sqft , 2026-05-26
2802 Nueces St #312
Wedgewood Condo
$344,900 $391 2 bd / 2 ba 882 sqft , 2026-04-02

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
$1,680/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
$69,980
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-988

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 · 30 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. This page was last updated on August 8, 2026.

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