About This Home

Situated in vibrant, downtown San Marcos, 102 Pitt St offers a great redevelopment opportunity to those looking for their next project. This location is close to downtown San Marcos, Texas State University, I-35, Medical Providers, Restaurants and so much more. The property is a combination of 2 residentially zoned lots with an existing home and outbuildings. This location would be ideal for many options. Due to the size of the lot, the possibility exists that it could be split into 3 equal-sized lots. The buyer for this property could even apply for a zoning change but currently, it is zoned Single Family. The structures on the property are grandfathered in but are not being given any value.

At $307/sqft, this home is priced 36% above the San Marcos active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

102 Pitt None, San Marcos, TX 78666

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Property Details

Price $450,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 1,468 sqft

Lot Size 0.50 acres (21,605.76 sqft)

Year Built 1945

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision J H Combs Add Sec 1

County Hays

Zip Code 78666

$/sqft $307/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT242510687

List Date August 6, 2026

Elementary School Crockett

Middle School Miller

High School San Marcos

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of San Marcos and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in San Marcos

Comparable Listings Right Now

Homes currently for sale in San Marcos with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

1104 Gravel St
Document No. 26009442 $450,000 $305 3 bd / 2 ba 1,476 sqft , 2026-09-22

217 N Bishop St
West End $469,900 $339 3 bd / 2 ba 1,386 sqft , 2026-08-12

1105 Delmar St
Westover $397,500 $230 3 bd / 2 ba 1,732 sqft , 2026-07-20

2212 Hunter Rd
N/A $375,000 $266 3 bd / 2 ba 1,408 sqft , 2026-09-08

2621 Deer Stand Loop
Hunters Hill Sub Sec 2 $330,000 $189 3 bd / 2 ba 1,744 sqft , 2026-06-19

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$2,160/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$90,000

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,160

Principal + Interest−$2,456

Property Tax (~2.1% TX avg)−$788

Insurance (~0.5%)−$188

Est. Monthly Cash Flow $-1,272

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near San Marcos, TX

San Marcos sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 7, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

102 Pitt None

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

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