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$312,000

513 N Austin St, Marfa, TX, 79843

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths826 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$381.36 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1

Exterior

Lot Size4,095 sqft

Building Information

Year Built1940

Land Information

APN131000000990002000000
Lot Number1,2
Land UseResidential
Legal Description99, MARFA S 38' OF LOTS 1 & 2
Census Tract950100
Assessed Land Value$54,170
Assessed Improvement Value$146,830
Assessment Year2025

About this property

This is a perfect Marfa gem box. Ideally located just a few blocks from Downtown, this well maintained 2 bedroom, 1 bath frame and stucco home has gorgeous wood floors, fresh interior paint, and ductless HVAC throughout. With its original millwork, wood windows and kitchen cabinetry, a fully fenced back yard, metal barn and a cast-concrete bomb shelter- this is a fantastic getaway, rental, or full-time residence. Side access from the alley would allow a garage or casita conversion of the barn.

Investor Tools

Property Icon
$312,000
Estimated Property Value
$180,000Estimated Mortgage Balance
$153,725Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$457/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,928
$201,000
2025
$54,170
$146,830
$201,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,928
$201,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$180,000
No
First
Mar 5, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,606
$153,394
49%
51%
$1,080/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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513 N Austin St | Property Details | No Agent List