About this property

309 S 31st St, Temple TX — Zoned Multi-Family | Investment Opportunity Endless potential in a prime location near Baylor Scott & White Hospital. This property offers a rare opportunity in Temple: a current 1 bedroom, 1 bathroom home with a multi-family zoning designation and a second unit slab already poured and ready for construction. With the ability to add an additional dwelling unit on site, investors and buyers have multiple rental and value-add options, including house hacking or creating an income-producing second unit. The existing home features a large primary bedroom, a bonus flex space that could be converted into a second bedroom, a bright living room with oversized windows that provide excellent natural light, and a spacious kitchen with room to redesign. While the home will need updates, the potential return is significantly enhanced with the option to build a brand-new second unit on the existing slab. This property is located close to the Baylor Scott & White Medical District, the VA Hospital, downtown Temple, restaurants, and major employment hubs, making it an attractive location for short-term, mid-term, or long-term rental strategies. With strong equity upside and multiple exit strategies, this is an excellent opportunity for investors, builders, or buyers seeking a multi-unit investment property in a rapidly growing area.