Property Evaluation

San Marcos, TX 78666 324 Craddock

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Presented By: Sarah Mcdaniel with Greenbelt Realty; (979) 308-1385
  • MLS# 1860690
  • 04/23/2025
  • Request Tour
  • Request Info
  • Baths • 1
  • SQFT • 2,428

Home Details

Fully Leased Duplex | 10.5 Cap Rate | $3,850/Month in Rental Income Located directly across from the Texas State bus route and just minutes from downtown and campus, this property is ideally positioned for strong, consistent rental demand. Unit A (3 bed + office / 2 bath): Currently leased at $2,400/month through next Summer. Unit B (2 bed / 1 bath): Recently leased at $1,450/month, also through next Summer. With updated interiors and a well-maintained exterior, there's nothing left to do-just collect rent and enjoy immediate returns. No HOA. Strong rental history. High occupancy area. Perfect for investors looking to expand their portfolio with a cash-flowing asset in a prime university market.
Presented By: Sarah Mcdaniel with Greenbelt Realty; (979) 308-1385

Interior Features for 324 Craddock

Bathrooms

U1 Half Baths0
U2 Full Baths1
U2 Half Baths

Other Interior Features

FlooringCarpeting, Ceramic Tile
Heating FuelElectric

General for 324 Craddock

Annual Operating Expense10000
Area3100
BuilderUnknown
ClassMulti-Family (2-8 Units)
CoolingTwo Central
Elementary SchoolCrockett
HOA MandatoryNone
HeatingCentral
High SchoolSan Marcos
Legal DescriptionHUGHSON HEIGHTS I, BLOCK B, LOT 25
Middle SchoolOwen Goodnight
Proposed TermsConventional, FHA, VA, TX Vet, Cash, USDA
School DistrictSan Marcos
StatusActive
SubdivisionHUGHSON HEIGHTS
Taxes$6,548
TypeOne Story
U1 #Parking Spaces2
U1 Bdrm3
U1 Fulls Baths2
U1 Handicap AccessNo
U1 Park TypeAttached, Carport, Street
U1 Rent2400
U2 #Parking Spaces2
U2 Bdrm2
U2 Handicap AccessNo
U2 Park TypeAttached, Carport, Street
U2 Rent1450
Year Built1969

Exterior for 324 Craddock

ExteriorBrick, 4 Sides Masonry
Exterior FeaturesCovered Patio, Mature Trees (ext feat)
FoundationSlab
Lot Size0.3405
METERSSeparate Water, Common Electric
RoofingComposition
Water/SewerCity

Additional Details

Price History

Schools

High School San Marcos High School
Middle School Owen Goodnight Middle School
Elementary School Crockett Elementary School

Traci Frasier

Broker Associate | Director of Luxury and Residential Sales
Price $439,000
MLS#1860690
List Date 04/23/2025
Property Type Multi-Family
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Hill Country Dream Team is independently owned and operated and fully supports the principles of the Fair Housing Act and is an Equal Opportunity Employer. All listing information is from sources deemed reliable. However, no representation is made as to the accuracy or completeness thereof and should be independently verified.
Hill Country Dream Team is independently owned and operated and fully supports the principles of the Fair Housing Act and is an Equal Opportunity Employer. All listing information is from sources deemed reliable. However, no representation is made as to the accuracy or completeness thereof and should be independently verified.
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