Duplex Near Texas State
318 Craddock Avenue San Marcos, TX 78666
318 Craddock Avenue, San Marcos, TX, 78666
$399,000
For Sale
$399,000
MULTI_FAMILY - Other - San Marcos, TX
Property Size2,046 SF
Lot Size0.25 Acres
Price / SF$195.01
Days on Market143
Property Features for 318 Craddock Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2
- Parking features
- Garage
- Interior features
- AllBedroomsDown, CeilingFans, GraniteCounters, Storage, WalkInClosets, BreakfastArea, EatInKitchen, KitchenDiningCombo
- Appliances
- Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator, WaterHeater, SomeElectricAppliances, Range
- Standard status
- Active
- APN
- R32271
- Size
- 2,046 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HUGHSON HEIGHTS I LOT 8 BLK C GEO#329260752080
- Tax Annual Amount
- 6002
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Linoleum, Laminate, Tile, Granite
- Building materials
- Brick, Masonry
- Roof type
- Composition, Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
Coldwell Banker D'Ann Harper,
(830) 608-5400
532 S Seguin Avenue, NEW BRAUNFELS, TX
Listed by
Mary Evans · License #0430121
(512) 753-6311
Added: Feb 23 Checked: Jul 16 at 6:06 pm
MLS# 603199
Listing URL
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex is located near Texas State University. The property includes back patios and front porches. The backyard is fenced. Both units feature vinyl wood flooring, updated kitchens, and updated bathrooms. The property is situated in the Hughson Heights neighborhood, suitable for walking and biking. Both units have newer A/C units and a newer roof. The property size is 2,046 square feet and the lot size is 0.249 acres.
Key Highlights
- Duplex built in 1975 with central heating and central air
- Both units have updated kitchens and baths with granite counters and storage
- Kitchen includes appliances such as dishwasher, electric range, disposal, microwave, and refrigerator
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.6k | $25.20 |
| − Vacancy | −$2.5k | −$1.24 |
| EGI | $49.0k | $23.96 |
| − OpEx | −$14.7k | −$7.19 |
| NOI | $34.3k | $16.77 |
2,046 SF · lease $25.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$490.1K
$428.9K – $571.8K
NOI $34,309 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$448.0K
$392.0K – $522.7K
NOI $31,363 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$855.3K
$748.4K – $997.8K
NOI $59,870 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Updated duplex near Texas State University with fenced backyard.
Where is this duplex located?
The property is located at 318 Craddock Avenue San Marcos, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex built in 1975 with central heating and central air; Both units have updated kitchens and baths with granite counters and storage; Kitchen includes appliances such as dishwasher, electric range, disposal, microwave, and refrigerator
