Duplex Investment
New
For Sale
$375,000
717 Royal Street, Salado, TX 76571
MULTI_FAMILY - Other - Salado, TX
Property Size2,176 SF
Lot Size0.24 Acres
Price / SF$172.33
Days on Market2
Property Features for 717 Royal Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Interior features
CeilingFans, MultipleClosets, Vanity
Exterior features
RainGutters
Fireplace
1
Appliances
Dishwasher, ElectricRange, Microwave, SomeElectricAppliances, Range
Subdivision
Howerton Add
Lot features
City Lot, Level, Mature Trees, Less Than Quarter Acre
Elementary school
Thomas Arnold Elementary
Middle school
Salado Junior High
High school
Salado High School
Elementary school district
Salado ISD
Middle school district
Salado ISD
High school district
Salado ISD
Directions
From I-35, take Exit 284 toward Salado. Head east on Royal Street. Continue through downtown Salado, and the properties will be on the left.
Standard status
Active
APN
208282
Size
2,176 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOWERTON ADDITION, BLOCK 001, LOT 0003
Legal Description
HOWERTON ADDITION, BLOCK 001, LOT 0003
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1983
Floors in Building
1
Number of units
1
Flooring type
Laminate, Wood, Tile
Building materials
Brick, Masonry
Roof type
Shingle, Composition
Architectural style
Other
Additional Structures
Pergola
Listing Agency:
Magnolia Realty
(512) 402-5111
Listed By:
Mandi Weller · License #0640656
(512) 751-0540
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 4:06PM
MLS# 621135
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 listing offers a one- or three-duplex package in Salado, Texas, with the current availability focused on doors 719/717 Royal Street. Additional duplex buildings at 727/725 Royal Street and 711/709 Royal Street are also available for purchase together.
Each duplex includes two approximately 1,088-square-foot units, for an approximate 2,176-square-foot building total. Every unit features 2 bedrooms and 2 full bathrooms, along with a spacious living area with fireplace, a breakfast area, and a covered patio. Many of the units are currently tenant occupied, supporting demonstrated occupancy.
The properties are positioned on one of Salado’s most sought-after streets, with tenants able to walk to downtown Salado, local restaurants, shopping, parks, and the community’s small-town atmosphere. The offering is described as part of a large package with an average estimated 8% cap rate, and interested parties should request current rent roll, lease information, and additional financial details from the listing agent.
Each duplex includes two approximately 1,088-square-foot units, for an approximate 2,176-square-foot building total. Every unit features 2 bedrooms and 2 full bathrooms, along with a spacious living area with fireplace, a breakfast area, and a covered patio. Many of the units are currently tenant occupied, supporting demonstrated occupancy.
The properties are positioned on one of Salado’s most sought-after streets, with tenants able to walk to downtown Salado, local restaurants, shopping, parks, and the community’s small-town atmosphere. The offering is described as part of a large package with an average estimated 8% cap rate, and interested parties should request current rent roll, lease information, and additional financial details from the listing agent.
Key Highlights
- 1983‑built brick/masonry duplexes with central heat and central air
- Each unit has 2 bedrooms and 2 full bathrooms with a living area that includes a fireplace
- Kitchen appliances include dishwasher, electric range, and microwave (range also noted)
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 76571, TX
8,937
Population
3,742
Households
2.4
Avg Household Size
45
Median Age
41%
College-Educated
94%
High-School Grad
125.0 sq mi
ZIP Area
71
Density / Sq Mi
$103,341
Median Household Income
$55,545
Median Earnings
$1,172
Median Rent
$395,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit rental property on Royal Street with 2-bedroom, 2-bath units featuring living rooms with fireplaces and covered patios.
Where is this duplex located?
The property is located at 717 Royal Street Salado, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1983‑built brick/masonry duplexes with central heat and central air; Each unit has 2 bedrooms and 2 full bathrooms with a living area that includes a fireplace; Kitchen appliances include dishwasher, electric range, and microwave (range also noted)
