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$265,000

508 Franklin Drive, San Marcos, TX, 78666

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,262 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.98 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Water Heater, Some Electric Appliances, Microwave, Range
FlooringLuxury Vinyl Plank, Tile

Exterior

Exterior FeaturesPorch

Building Information

Year Built2015
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR36739
Lot Number5
SubdivisionOak Heights
Land UseResidential
Legal DescriptionOAK HEIGHTS, BLOCK 2, LOT 5 TAX CODES:SSM,WEU,WUS
Census Tract010601
Assessed Land Value$106,560
Assessed Improvement Value$202,199
Assessment Year2025

About this property

Charming and centrally located, this 3-bedroom, 2-bath home offers a rare opportunity just minutes from the heart of San Marcos. Built in 1965 and situated on an oversized .38-acre lot shaded by mature trees, this 1,262-square-foot home combines character, convenience, and investment potential. Enjoy an unbeatable location just three blocks from Texas State University and steps from the Texas State bus route, making commuting a breeze. Grab your morning coffee at a popular local coffee shop just one block away, or take advantage of the nearby shopping, dining, and entertainment options that make San Marcos such a desirable place to live. The spacious lot provides plenty of room for outdoor living, gardening, or future improvements, while the mature trees create a peaceful setting rarely found this close to campus. Whether you're looking for a primary residence, rental property, or investment opportunity, this home offers exceptional value in a prime location. Don't miss your chance to own a piece of San Marcos in one of the city's most convenient and established areas!

Investor Tools

$0Estimated Mortgage Balance
$308,759Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,853 /month
Positive
Cash Flow Estimate:
$618 /month

Interested in this property?

Kendra Werth

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$709/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,968
$308,759
2025
$106,560
$202,199
$308,759
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,968
$308,759

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$308,759
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
6.4%

City: San Marcos

508 Franklin Drive | Property Details | No Agent List