San Angelo Investment Property
For Sale
$694,524
1316 Luna Street, San Angelo, TX 76905
Residential Income, San Angelo, TX
Property Size844 SF
Lot Size0.16 Acres
Price / SF$822.90
Days on Market98
Property Features for 1316 Luna Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential Lot
Bedrooms
14
Rooms
Bedroom 12, Bedroom 3, Bedroom 10, Bedroom 13, Bedroom 7, Bedroom 4, Bedroom 2, Bedroom 14, Bedroom 6, Bedroom 5, Bedroom 9, Bedroom 1, Bedroom 11, Bedroom 8
Elementary school
Belaire
Middle school
Glenn
High school
Central
Subdivision
H
Standard status
Active
APN
R000036608
Size
844 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Acres: 0.158 Lot: 13 & South 5 Feet Of Lot 14 Blk: 3 Subd: Ann Haven Terrace Addn
Legal Description
Acres: 0.158 Lot: 13 & South 5 Feet Of Lot 14 Blk: 3 Subd: Ann Haven Terrace Addn
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1949
Number of units
6
Listing Agency:
ERA Newlin & Company · ERA Real Estate
(325) 481-0500
Listed By:
Jeff Hameister · License #0594810
(325) 374-1737
Added: Jul 2
Changed: Sep 13
Last Checked: Oct 7 at 1:06PM
MLS# 200978
Copyright © 2026 San Angelo Association of Realtors. 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 residential investment portfolio in San Angelo, Texas, features six income-producing single-family homes. The properties have established rental history and strong occupancy demand. This package offers investors the opportunity to acquire stabilized assets with immediate income, while benefiting from long-term appreciation in one of West Texas's most resilient rental markets. The portfolio is located in San Angelo, Texas. The total property size is 844 square feet on a lot of approximately 0.16 acres.
Key Highlights
- Investment portfolio includes six income‑producing single‑family homes in San Angelo, Texas
- Homes have established rental history with strong occupancy demand
- Year built: 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,667
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,340
$833.3K
Cap Rate 7%
$595,243
$595.2K
Cap Rate 9%
$462,967
$463.0K
Market Conditions
NOI Build-Up for 844 SF
Gross rent
$86.1K $102.00/SF
− Vacancy
−$10.3K −$12.24/SF
EGI
$75.8K $89.76/SF
− OpEx
−$34.1K −$40.39/SF
NOI
$41.7K $49.37/SF
Area
Tom Green County, TX
Vacancy
12.00%
Lease Rate
$102.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,340
Cap Rate 7%
$595,243
Cap Rate 9%
$462,967
Alternative Uses
Best Use
Apartment 5plus
$595.2K
$520.8K – $694.5K
NOI $41,667 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$646.1K
$565.3K – $753.8K
NOI $45,226 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 76905, TX
13,635
Population
5,293
Households
2.6
Avg Household Size
34
Median Age
19%
College-Educated
86%
High-School Grad
183.5 sq mi
ZIP Area
74
Density / Sq Mi
$81,645
Median Household Income
$39,880
Median Earnings
$1,499
Median Rent
$146,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Six single-family homes with established rental history in San Angelo.
Where is this single family property located?
The property is located at 1316 Luna Street San Angelo, TX.
What is the asking price?
The asking price for this property is $694,524.
What are key features of this property?
This property features: Investment portfolio includes six income‑producing single‑family homes in San Angelo, Texas; Homes have established rental history with strong occupancy demand; Year built: 1949
