Named after Franz Michael Gunold, a timber merchant and village judge of Nußdorf.
The street was named by 1874 at the latest after Franz Michael Gunold, a timber merchant and from 1837 to 1845 the Ortsrichter (village judge) of Nußdorf. He gave the land for the street to the municipality of Nußdorf. At first it was also called Gunoldgasse.