About This Home

Property leased through 7/31/2027 at $1975/month. Spacious 2 bedroom 2 bathroom condo in the highly desirable Texan Tower, ideally located in the heart of West Campus. This beautifully updated unit features an open layout with modern finishes throughout, offering both comfort and style. Enjoy the convenience of an in-unit washer and dryer, along with access to a secured gated garage parking area. Residents can take advantage of the rooftop pool with stunning views, all just steps away from campus, dining, and entertainment.

At $347/sqft, this home is 11% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2505 San Gabriel St #405, Austin, TX 78705

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Property Details

Price $384,900

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,110 sqft

Lot Size 0.01 acres (304.92 sqft)

Year Built 2005

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Texan Tower Condos

County Travis

Zip Code 78705

$/sqft $347/sqft

Days on Market ,

HOA $338/Monthly

Annual Tax Est. $7,497.44

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT223904269

List Date April 2, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

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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

2205 N Lamar Blvd #113
Caswell Lofts Condo $385,000 $466 1 bd / 1 ba 826 sqft , 2026-02-17

3001 Cedar St #A-211
Benchmark Condo Amd $385,000 $359 2 bd / 2 ba 1,072 sqft , 2026-07-25

2529 Rio Grande St #78
Orange Tree Condominiums $380,000 $360 2 bd / 2 ba 1,055 sqft , 2026-07-22

501 W 26th St #306
Centennial Condo Rev 1997 $375,000 $361 2 bd / 2 ba 1,040 sqft , 2026-06-15

1801 Lavaca St #14-F
Cambridge Condo Amd $375,000 $290 1 bd / 2 ba 1,294 sqft , 2026-09-17

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

$1,848/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

$76,980

20% conventional investment loan

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

Estimated Gross Rent+$1,848

Principal + Interest−$2,101

Property Tax (~2.1% TX avg)−$674

Insurance (~0.5%)−$160

Est. Monthly Cash Flow $-1,087

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

About the Author

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 April 3, 2026.

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

2505 San Gabriel St #405

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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