Renovated Mixed-Use
For Sale
$369,000
1606 S 31st Street, Temple, TX 76504
SINGLE_FAMILY - Temple, TX
Property Size1,144 SF
Lot Size0.24 Acres
Price / SF$322.55
Days on Market13
Property Features for 1606 S 31st Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
GR
Parking features
Garage, Driveway
Subdivision
Dubose Add Blks 1-7
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Temple ISD
Middle school district
Temple ISD
High school district
Temple ISD
Directions
From Austin take exit 300 in Temple toward 57th St./Ave H. Merge onto S. Gen Bruce Dr. Turn onto S. 57th. At the first light turn left onto W. Ave M. Turn right at the Valero onto S. 31st St., 1606 S. 31st will be on your right.
Standard status
Active
APN
94099
Size
1,144 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
DUBOSE ADDITION (BLKS 1-7), BLOCK 001, LOT PT 3, (3, LESS 60' X 0.9' STRIP), CUSTOM ORTHOTICS
Tax Annual Amount
4825
Legal Description
DUBOSE ADDITION (BLKS 1-7), BLOCK 001, LOT PT 3, (3, LESS 60' X 0.9' STRIP), CUSTOM ORTHOTICS
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Hardwood
Building materials
Masonry
Roof type
Composition, Shingle
Listing Agency:
Ashby Real Estate Group
(254) 228-0032
Listed By:
Jimmy Morales · License #0737684
(254) 773-0246
Added: Jul 24
Changed: Aug 5
Last Checked: Aug 5 at 5:06PM
MLS# 620643
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 1,144-square-foot mixed-use property includes a three-bedroom, one-bath layout with hardwood flooring and masonry construction. Built in 1952, the building has undergone substantial updates, including a modernized bathroom and a new Lennox HVAC system. The kitchen is equipped with a stove featuring a double oven, a new refrigerator, dishwasher, and washer and dryer. Garage and driveway parking are included.
The property occupies 0.2352 acres at 1606 S 31st Street in Temple, directly across from the Baylor Scott White Medical complex. It is situated within the Temple medical and educational district and near local businesses, shops, restaurants, and daily conveniences. Public water and sewer serve the property, with composition and shingle roofing. GR zoning and the stated residential and general retail uses provide a flexible framework for the property’s current positioning.
The property occupies 0.2352 acres at 1606 S 31st Street in Temple, directly across from the Baylor Scott White Medical complex. It is situated within the Temple medical and educational district and near local businesses, shops, restaurants, and daily conveniences. Public water and sewer serve the property, with composition and shingle roofing. GR zoning and the stated residential and general retail uses provide a flexible framework for the property’s current positioning.
Key Highlights
- 1,144‑square‑foot mixed‑use property on 0.2352 acres
- GR zoning with residential and general retail use identified
- Directly across from the Baylor Scott White Medical complex
Financial Insights For Office B
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 | $35.1k | $30.72 |
| − Vacancy | −$9.6k | −$8.42 |
| EGI | $25.5k | $22.30 |
| − OpEx | −$6.4k | −$5.58 |
| NOI | $19.1k | $16.73 |
1,144 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Apartment 5plus
$11.70M
$10.24M – $13.65M
NOI $819,249 @ 7.0% cap · market cap 222.02%
Second Best
Office B
$273.4K
$239.2K – $318.9K
NOI $19,136 @ 7.0% cap · market cap 5.19%
Theoretical Best
Multifamily LT 5
$12.77M
$11.17M – $14.90M
NOI $893,981 @ 7.0% cap · market cap 242.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 76504, TX
24,682
Population
11,068
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
801
Density / Sq Mi
$50,420
Median Household Income
$35,753
Median Earnings
$1,106
Median Rent
$162,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - GR-zoned property combining residential space with identified general retail use near Temple’s medical and educational district.
Where is this mixed-use property located?
The property is located at 1606 S 31st Street Temple, TX.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 1,144‑square‑foot mixed‑use property on 0.2352 acres; GR zoning with residential and general retail use identified; Directly across from the Baylor Scott White Medical complex
