Avgunlu Madrasa, located in Mimar Sinan Park, together with the Gevher Nesibe Madrasa and Hospital, does not have an inscription and there is no written source about it, so the exact date of construction is unknown. However, it is estimated that it was built in the 13th century due to its similarities with the Gevher Nesibe Madrasa. The words "Avgun" or "Abgın" mean a water source around Kayseri. The madrasa took this name because the underground water, which used to be at a high level in Kayseri.
The building, which has an asymmetrical plan with a single storey, two iwans, and a courtyard with a colonnade, has been below the level of the madrasa, and the courtyard of the madrasa is entered by descending the stairs.