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$990,000

405 N Austin St, Marfa, TX, 79843

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,769 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$262.67 / sqft
Year BuiltBuilt in 1885

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3.5Bathrooms 3.5

Exterior

Lot Size33,759 sqft

Building Information

Year Built1885

Land Information

APN131000000480006000000
Lot Number6-10
SubdivisionMarfa
Land UseResidential
Legal Description48, MARFA LOTS 6-10
Assessed Land Value$250,590
Assessed Improvement Value$826,950
Assessment Year2025

About this property

405 North Austin Street is situated in the heart of Marfa and is a a private, 3,769 square foot 3/3.5 hacienda-style home a block from the Courthouse. The main home was built in 1885 and was once owned by Donald Judd. 2 casitas flank the courtyard. The entire compound has been meticulously updated, adding contemporary amenities while preserving the best of the historical elements. The sprawling lot covers an entire half-City block, and is surrounded on all sides by streets or alleyways.

Investor Tools

Property Icon
$1,077,540
Estimated Property Value
$0Estimated Mortgage Balance
$1,077,540Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,465 /month
Positive
Cash Flow Estimate:
$2,155 /month

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Odessa Board Of Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,204/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,059
$1,077,540
2025
$250,590
$826,950
$1,077,540
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$21,059
$1,077,540

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,077,540
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Marfa

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405 N Austin St | Property Details | No Agent List