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Renovated Duplex Income Property

1005/1007 Haynes Street San Marcos, TX 78666

Claim this Listing
For Sale
$350,280

MULTI_FAMILY - Craftsman - San Marcos, TX

Property size:
1,273 SF
Lot size:
0.28 Acres
Price / SF:
$275.16/SF
Added:
May 18, 2025
Days on Market:
423
Last Refresh:
Jul 14 at 7:06 am

Property Features for 1005/1007 Haynes Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Interior features
CeilingFans, TubShower, GraniteCounters
Exterior features
PrivateYard, Lighting
Appliances
Dishwasher, ElectricRange, Refrigerator, RangeHood
Standard status
Active
APN
R39176
Size
1,273 SF
Lot size
0.28 Acres

Taxes and HOA fees

Tax Year
2023
Tax Description
RIO VISTA TERRACE 57-106 LOT 2 BLK 6 QUINCY LEE A GEO#339430746370
Tax Annual Amount
4201

Utilities

Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Floors in Building
1
Number of units
1
Flooring type
Vinyl, Wood
Roof type
Composition, Shingle
Architectural style
Craftsman

Listing agent Katie Molina License #0765560

Listing office Monica & Company Real Estate 1920 Corporate Dr, Suite B201, San Marcos, TX

Listing date May 18, 2025

MLS# 578451 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 offering consists of four duplexes, totaling eight residential units. The duplex units have been recently renovated, with updates that include interior and exterior paint, countertops, floors, and fixtures. Each unit features a large fenced back yard and off-street parking, providing tenants with outdoor space and convenient vehicle access.

Located at 1005/1007 Haynes Street in San Marcos, the property is described as centrally located and within about a half-mile walk of the spring-fed San Marcos River. The remarks also note walking distance to Rio Vista Park, the Square, local eateries, and San Marcos’s evening activity.

For buyers seeking a multi-unit residential income setup, the configuration provides multiple leases within the same small community. The seller notes that most units are leased through 2025, which may help an operator plan around existing occupancy timelines. A portion of the opportunity may also be suitable for an owner-occupant approach—details can be confirmed with the listing agent during inquiry.

Key Highlights

  • Duplex package of 4 for sale with 8 total units in San Marcos
  • Recently renovated units with updated interior/exterior paint, countertops, floors, and fixtures
  • Each unit features a large fenced back yard and off‑street parking

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 $32.1k $25.20
− Vacancy −$1.6k −$1.24
EGI $30.5k $23.96
− OpEx −$9.1k −$7.19
NOI $21.3k $16.77
1,273 SF · lease $25.20/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$304.9K
$266.8K – $355.8K (±1% cap)
NOI $21,346 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$278.8K
$243.9K – $325.2K (±1% cap)
NOI $19,514 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$532.1K
$465.6K – $620.8K (±1% cap)
NOI $37,250 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Fish Market Acupuncture Daycare Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Buffet

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Renovated duplex income property with fenced back yards and off-street parking, offering multiple units for lease through 2025.
Where is this duplex located?
The property is located at 1005/1007 Haynes Street San Marcos, TX.
What is the asking price?
The asking price for this property is $350,280.
What are key features of this property?
This property features: Duplex package of 4 for sale with 8 total units in San Marcos; Recently renovated units with updated interior/exterior paint, countertops, floors, and fixtures; Each unit features a large fenced back yard and off‑street parking
Contact an agent
More about this property
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