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8-Unit Apartment Property

501 Avenue J # 204, Marble Falls, TX 78654

For Lease
New
$995/Mo

Residential Income, Marble Falls, TX

Space SizeContact for details
Lot Size0.38 Acres
Days on Market2

Property Features for 501 Avenue J # 204

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 1
Appliances Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Water Heater
Elementary school district Marble Falls
Middle school district Marble Falls
High school district Marble Falls
Directions Hwy 281 to 5th Street, west on 5th Street. Apartments are at the corner of 5th street and Avenue J
Standard status Active
APN 028567
Size 770 SF
Lot size 0.38 Acres

Taxes and HOA fees

Tax Description Marble FallsCity Lot 17, 18, 19, 20, Block 32
Legal Description Marble FallsCity Lot 17, 18, 19, 20, Block 32

Utilities

Heating system Central
Cooling system Central Air

Amenities

bonus room
walk-in closet
washer & dryer
assigned covered parking

Building Details

Year built 2003
Number of units 1
Flooring type Concrete, Laminate
Building materials Wood Siding, HardiPlank Type
Listing Agency: TJM Realty Group
Listed By: Aide Ochoa · License TX #0745766
Added: Nov 11 Changed: Nov 12 Last Checked: Nov 12 at 8:06PM
MLS# 179885

Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 2003, this eight-apartment property sits on a 0.38-acre parcel. Each residence provides 770 square feet with one bedroom, one bathroom, and an additional room that can serve as office or media space. Interior features include a walk-in bedroom closet and a kitchen with an electric range, dishwasher, and cabinetry. A washer and dryer are provided in each apartment, and covered parking is assigned.

The property is a short walk from downtown Marble Falls restaurants, clubs, and shops, as well as Johnson Park and Lake Marble Falls. Central heating and air conditioning serve the apartments. Flooring includes concrete and laminate, and the exterior uses wood siding and HardiPlank-type materials.

Key Highlights

  • Eight apartments, each with 1 bedroom and 1 bathroom
  • 770‑square‑foot units include an additional room and walk‑in bedroom closet
  • In‑unit washer and dryer; kitchen includes an electric range and dishwasher

Property Analytics

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Lease Details

8
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,068
Businesses Nearby

Demographics for 78654, TX

19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Residences offer a bonus room, in-unit laundry, and assigned covered parking.
Where is this multifamily property located?
The property is located at 501 Avenue J # 204 Marble Falls, TX.
What is the lease rate?
The lease rate is $995/Mo.
What are key features of this property?
This property features: Eight apartments, each with 1 bedroom and 1 bathroom; 770‑square‑foot units include an additional room and walk‑in bedroom closet; In‑unit washer and dryer; kitchen includes an electric range and dishwasher
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