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$269,000

NAL Estimated Property Value

502 S Edinburg ST, Marfa, TX, 79843

$349,700 ARVInfo
Off MarketInfo
Beds5 Beds
Baths1 Bath
Baths2,080 Sq Ft
price_per_sqft$158.65 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 1Bathrooms 1
AppliancesSee Remarks
FlooringAdobe

Exterior

Exterior FeaturesSee Remarks
Lot Size11,021 sqft

Building Information

Year Built1950
Garage Spaces1

Land Information

APN233000000120001000000
Lot Number1,2
Land UseResidential
Legal Description12, WEST HEIGHTS LOTS 1-2
Census Tract950100
Assessed Land Value$122,800
Assessed Improvement Value$79,600
Assessment Year2025

About this property

This unique property, located on a prime corner lot in the center of Marfa, is zoned for commercial use and situated on two oversized lots. The charming adobe building features 9 rooms, offering ample space for various uses. Additionally, there’s a detached garage with storage, an extra room, and a carport. With an alley running behind the property and being directly across from the popular Waterstop and Bordo restaurants, this location is ideal for attracting foot traffic and exposure. It’s also next door to a winery, making it an attractive spot for tourism and local visitors. Property Highlights: Commercial Zoning with plenty of potential for mixed-use development 2 Oversized Lots offering plenty of space for expansion or outdoor areas Adobe Building with 9 rooms, providing flexibility for a variety of uses Detached Garage, Storage, Extra Room, and Carport offering convenient parking and additional workspace Prime Location across from Waterstop and Bordo restaurants and next to a winery, ensuring high visibility and foot traffic Versatile Use: Perfect for a vacation home, artist studio, gallery, retail space, or multi-use business Alley Access offering additional convenience for deliveries or parking This property is a rare find in Marfa, a town known for its thriving arts scene and unique cultural vibe. Whether you envision it as a creative space, a commercial venture, or a combination of both, the possibilities are endless.

Investor Tools

Property Icon
$269,000
Estimated Property Value
$0Estimated Mortgage Balance
$269,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$400,292
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,980 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$261/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,791
$202,400
2025
$122,800
$79,600
$202,400
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,791
$202,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$269,000
100%
0%
$0/mo

City: Marfa

502 S Edinburg ST | Property Details | No Agent List