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$550,000

511 Franklin Dr, San Marcos, TX, 78666

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths1,952 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$281.76 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
Garage AvailableGarage Available

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APNR144539
Lot Number6
SubdivisionOak Heights
Land UseResidential
Legal DescriptionOAK HEIGHTS, BLOCK 1, LOT 6 TAX CODES:SSM,WEU,WUS
Census Tract010601
Assessed Land Value$126,570
Assessed Improvement Value$388,815
Assessment Year2025

About this property

Gorgeous 3-bedroom, 2-bath home offering 1,952 sq. ft. in the main house, plus a 572 sq. ft. detached garage apartment—perfect for guests, a home office, or rental income. The main home features an open-concept floor plan with a spacious living area and a beautifully appointed kitchen complete with granite countertops, ample cabinetry, and plenty of room for entertaining. Located on Franklin Street in one of the area's most established and sought-after neighborhoods, this home is just minutes from Crockett Elementary, Wake the Dead Coffee House, and downtown, providing easy access to dining, entertainment, and local attractions. The detached garage apartment offers its own private entrance, an open living space, a convenient kitchenette, and a full bathroom, making it ideal for long-term tenants, short-term guests, or multigenerational living. Live comfortably in the main house while generating additional income from the apartment. Don't miss this rare opportunity to own a versatile property in a prime location that combines charm, convenience, and excellent income potential.

Investor Tools

$0Estimated Mortgage Balance
$515,385Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

Interested in this property?

Crystal Benavides

Century 21 Randall Morris

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,110/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,746
$515,385
2025
$126,570
$388,815
$515,385
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,746
$515,385

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$515,385
100%
0%
$0/mo

City: San Marcos

511 Franklin Dr | Property Details | No Agent List