Updated Duplex with Two
For Sale
$324,900
1103 Hillyer Street, San Marcos, TX 78666
Residential, San Marcos, TX
Property Size1,760 SF
Lot Size0.23 Acres
Price / SF$184.60
Days on Market101
Property Features for 1103 Hillyer Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Vegetation
Wooded
Interior features
CeilingFans, LaminateCounters, TubShower, GraniteCounters
Appliances
ElectricCooktop, ElectricWaterHeater, Oven, Refrigerator, SomeElectricAppliances
Subdivision
Westover
Lot features
City Lot, Sloped, Wooded, Less Than Quarter Acre
Elementary school district
San Marcos Cisd
Middle school district
San Marcos Cisd
High school district
San Marcos Cisd
Directions
From downtown San Marcos. Go west on Hopkins, Take right on Bishop, Take right on Prospect, Take left on Allan, and property on on the right. Look for sign and black mail box.
Standard status
Active
APN
R47741
Size
1,760 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WESTOVER, BLOCK 42, LOT 558 & SW 1/2 OF 559
Tax Annual Amount
4982
Legal Description
WESTOVER, BLOCK 42, LOT 558 & SW 1/2 OF 559
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Linoleum, Laminate
Building materials
Masonry, WoodSiding
Roof type
Shingle, Composition
Architectural style
Other
Buildings
1
Listing Agency:
Clark Real Estate Agency
Listed By:
Richard Clark · License #0558014
(512) 470-9955
Added: Jul 23
Changed: Oct 26
Last Checked: Oct 31 at 5:06AM
MLS# 620366
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.
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Investment Insights
Based on property information with market context.
This 1,760-square-foot duplex, built in 1996, contains two 2-bedroom, 1-bath residences. The property occupies 0.2326 acres and has received substantial recent improvements, including a roof replacement and exterior painting in 2025. Both units have hard-surface flooring rather than carpet. Unit B was remodeled in 2025 with granite kitchen counters, wood-look flooring, updated fixtures, and new interior paint. Unit A also includes refreshed interior paint, wood-look flooring, and a front deck.
Located at 1103 Hillyer Street in San Marcos, the property is reached by a private driveway and sits near Wonder World Park. Public water serves the property. Central electric heating and cooling, ceiling fans, electric appliances, masonry and wood siding, and a composition shingle roof support the existing residential configuration.
Located at 1103 Hillyer Street in San Marcos, the property is reached by a private driveway and sits near Wonder World Park. Public water serves the property. Central electric heating and cooling, ceiling fans, electric appliances, masonry and wood siding, and a composition shingle roof support the existing residential configuration.
Key Highlights
- Two‑unit duplex with two 2‑bedroom, 1‑bath residences
- 1,760 square feet on a 0.2326‑acre lot
- Roof replacement and exterior paint completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,513
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,260
$590.3K
Cap Rate 7%
$421,614
$421.6K
Cap Rate 9%
$327,922
$327.9K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$44.4K $25.20/SF
− Vacancy
−$2.2K −$1.24/SF
EGI
$42.2K $23.96/SF
− OpEx
−$12.6K −$7.19/SF
NOI
$29.5K $16.77/SF
Area
Hays County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,260
Cap Rate 7%
$421,614
Cap Rate 9%
$327,922
Alternative Uses
Best Use
Multifamily LT 5
$421.6K
$368.9K – $491.9K
NOI $29,513 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$385.4K
$337.2K – $449.7K
NOI $26,979 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$735.7K
$643.8K – $858.4K
NOI $51,501 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
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Business Placement
Demographics for 78666, TX
86,584
Population
36,354
Households
2.4
Avg Household Size
27
Median Age
35%
College-Educated
89%
High-School Grad
192.4 sq mi
ZIP Area
450
Density / Sq Mi
$55,478
Median Household Income
$25,890
Median Earnings
$1,294
Median Rent
$271,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences offer flexibility for rental income or owner occupancy in San Marcos.
Where is this duplex located?
The property is located at 1103 Hillyer 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: Two‑unit duplex with two 2‑bedroom, 1‑bath residences; 1,760 square feet on a 0.2326‑acre lot; Roof replacement and exterior paint completed in 2025
