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Three-Unit Garage Apartment Property
For Sale
$219,900

408 Live Oak Street, Marlin, TX 76661

All three apartments are leased and currently generate rental income.

Property Size2,800 SF
Lot Size0.43 Acres
Price / SF$78.54
Days on Market90

Property Features for 408 Live Oak Street

General Information

Standard status Active
Size 2,800 SF
Total Parking Spaces 5
Lot size 0.43 Acres
Property subtype Multi-Family / Multiple Single Units

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $4,682

Amenities

Central Air, Electric, Window Unit(s)
Central, Electric
Carpet, Ceramic Tile
Open Floorplan, Other
No
Metal
One
1
Slab
Public Records
3
Aluminum Siding, Metal Siding

Building Details

Year Built 9999
Buildings 1
Listing Agency: Agents Of Texas, LLC
Listed By: Mercedes Lane · License #746855
Source: Compass
Added: Jun 2 Changed: Aug 30 Last Checked: Aug 30 at 8:25AM

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 Agents Of Texas, LLC

Investment Insights

Based on property information with market context.

This triplex includes three garage apartment units, each approximately 420 SF. The apartments feature central air, electric service, a mix of carpet and ceramic tile flooring, and open floorplans. Exterior construction includes metal and aluminum siding, with slab foundations.

Located at 408 Live Oak Street in Marlin, Texas, the property occupies a 0.43-acre tract. The site is identified as having room for two additional units, along with future development that could include more rental units or a commercial building. All three existing apartments are leased and generating rental income.

Key Highlights

  • Three garage apartment units, each approximately 420 SF
  • All three units are currently leased and generating rental income
  • 0.43‑acre tract with room for two additional units

Property Analytics

Current Use

The Chill Spot Shaved ... Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Storage Facility Plumbing Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

372
Businesses Nearby

Demographics for 76661, TX

7,982
Population
3,159
Households
2.5
Avg Household Size
39
Median Age
9%
College-Educated
78%
High-School Grad
165.6 sq mi
ZIP Area
48
Density / Sq Mi
$40,379
Median Household Income
$32,736
Median Earnings
$716
Median Rent
$52,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - All three apartments are leased and currently generate rental income.
Where is this triplex located?
The property is located at 408 Live Oak Street Marlin, TX.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Three garage apartment units, each approximately 420 SF; All three units are currently leased and generating rental income; 0.43‑acre tract with room for two additional units
More about this property
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