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San Marcos Duplex Investment Opportunity

1026 Haynes Street San Marcos, TX 78666

Claim this Listing
For Sale
$324,900

MULTI_FAMILY - San Marcos, TX

Property size:
1,497 SF
Lot size:
0.21 Acres
Price / SF:
$217.03/SF
Added:
Apr 10, 2025
Days on Market:
461
Last Refresh:
Jul 14 at 10:06 am

Property Features for 1026 Haynes Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2
Interior features
CeilingFans, ShowerOnly, SeparateShower, TubShower, WindowTreatments, Pantry
Fencing
Fenced, Privacy
Appliances
Dishwasher, GasCooktop, Disposal, GasRange, MultipleWaterHeaters, Refrigerator, TanklessWaterHeater, SomeGasAppliances, Range
Standard status
Active
APN
R39259
Size
1,497 SF
Lot size
0.21 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
RIO VISTA TERRACE #2 57-199 LOT 7 BLK 9 QUINCY LEE ADDN GEO#339820746480
Tax Annual Amount
5751

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Window Unit(s)
Water source
Public

Building Details

Year built
1964
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Building materials
ShingleSiding
Roof type
Composition, Shingle

Listing agent Justin Herbelin License #0581963

Listing office Anders Pierce Realty, LLC 480 S Seguin Avenue, New Braunfels, TX

Listing date Apr 10, 2025

MLS# 576121 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 multifamily property in San Marcos, Texas, presents an opportunity for residential income and short-term rentals. The property, situated on a 0.2088-acre lot, features a 1497 square feet duplex. One unit is a 3-bedroom, 1-bathroom configuration on a month-to-month lease, while the other is a 2-bedroom, 1-bathroom unit leased through the end of July 2026. The duplex has been recently renovated and is centrally located near the San Marcos River, Vista Park, and the downtown playscape. The property includes large, fully-fenced backyards with a cross-fence separating the units, and mature trees provide shade. This property is positioned as an entry point to the Texas State University area rental market, with potential for increasing rents in a rapidly growing area.

Key Highlights

  • Proven short‑term and long‑term rental income potential.
  • Prime location near San Marcos River, Vista Park, and downtown.
  • Recently renovated duplex.

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 $37.7k $25.20
− Vacancy −$1.9k −$1.24
EGI $35.9k $23.96
− OpEx −$10.8k −$7.19
NOI $25.1k $16.77
1,497 SF · lease $25.20/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$358.6K
$313.8K – $418.4K (±1% cap)
NOI $25,103 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$327.8K
$286.9K – $382.5K (±1% cap)
NOI $22,948 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$625.8K
$547.6K – $730.1K (±1% cap)
NOI $43,805 @ 7.0% cap · market cap 13.48%
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 (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Acupuncture Daycare Center Florist Fish Market (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Short-term rental capable duplex near Texas State University.
Where is this duplex located?
The property is located at 1026 Haynes Street San Marcos, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Proven short‑term and long‑term rental income potential.; Prime location near San Marcos River, Vista Park, and downtown.; Recently renovated duplex.
Contact an agent
More about this property
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