Triplex with
For Sale
$1,450,000
3424 S Old Bastrop Highway, San Marcos, TX 78666
Three separate homes and a two-room workshop occupy a rural property with covered patios and garage space.
Property Size7,065 SF
Price / SF$205.24
Days on Market152
Property Features for 3424 S Old Bastrop Highway
General Information
Standard status
Active
Size
7,065 SF
Property subtype
Triplex
Units
Unit Mix
2 x 3BR/2BA, 1 x 3BR/3.5BA
Multifamily Units
3
Additional Details
Furnished
No
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$23,622
Amenities
workshop
covered patio
Building Details
Building Size
7,065 SF
Year Built
2001
Listing Agency:
eXp Realty
Listed By:
Joshua Calvo
(210) 624-1990
Source:
Friedmanrealtors
Added: Jun 2
Changed: Oct 27
Last Checked: Oct 27 at 4:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
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Investment Insights
Based on property information with market context.
Three residences and a two-room workshop make up this 7,065-square-foot triplex property on 10+ acres. Each home has three bedrooms. The main residence includes two living areas, formal dining, a breakfast nook, a sunroom, an office or flex space, and a three-car garage. House C has a large living area, shared kitchen and dining space, a laundry area, and two bathrooms. House D features a foyer, central living room, dining area, laundry room, and a two-car garage, along with three full bathrooms and one half bath. Covered patios serve each residence, and the workshop has its own patio.
The property has public water, panoramic and rural views, and a separate fiber internet line for each home. The back 8 acres are under AG exemption. An asphalt slab has water, power, and septic connections intended to support 2 RVs. Water, heating, and air conditioning are electric.
The property has public water, panoramic and rural views, and a separate fiber internet line for each home. The back 8 acres are under AG exemption. An asphalt slab has water, power, and septic connections intended to support 2 RVs. Water, heating, and air conditioning are electric.
Key Highlights
- Three residences, each with three bedrooms, on 10+ acres
- 7,065 square feet of property area
- Main home includes two living areas, a sunroom, office/flex space, and three‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,470
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,369,400
$2.4M
Cap Rate 7%
$1,692,429
$1.7M
Cap Rate 9%
$1,316,333
$1.3M
Market Conditions
NOI Build-Up for 7,065 SF
Gross rent
$178.0K $25.20/SF
− Vacancy
−$8.8K −$1.24/SF
EGI
$169.2K $23.96/SF
− OpEx
−$50.8K −$7.19/SF
NOI
$118.5K $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%
$2,369,400
Cap Rate 7%
$1,692,429
Cap Rate 9%
$1,316,333
Alternative Uses
Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,470 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$1.55M
$1.35M – $1.81M
NOI $108,301 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$2.95M
$2.58M – $3.45M
NOI $206,734 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
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?
Triplex - Three separate homes and a two-room workshop occupy a rural property with covered patios and garage space.
Where is this triplex located?
The property is located at 3424 S Old Bastrop Highway San Marcos, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Three residences, each with three bedrooms, on 10+ acres; 7,065 square feet of property area; Main home includes two living areas, a sunroom, office/flex space, and three‑car garage
