Active Listing  ·  42 days on market

217 N Bishop St

San Marcos, TX 78666
$469,900
3 Bed 2 Bath 1,386 sqft $339/sqft Built 1930 0.26 acres Pool West End

Established Airbnb. Minutes from Texas State University. Fully furnished and ready for its next chapter. This 1930s San Marcos home has operated as a successful short-term rental for approximately 10 years under the name "Hidden Gem Near Historic Downtown," with a history of bookings throughout every season of the year. Offering nearly 1,300 square feet, 3 bedrooms, 2 full baths and multiple dining areas, the home sits on approximately a quarter-acre shaded by mature trees. Fresh interior and exterior paint, a durable metal roof, new stove, approximately 3-year-old kitchen appliances and five new double-pane windows across the front add to its appeal. The wide covered front porch offers plenty of room for tables and chairs, while the deep covered back porch provides another inviting space for guests to relax. Outside, you'll also find covered carport parking, a fenced dog area and a spacious storage shed with electricity. The home is being offered fully furnished, including the washer, dryer and guest grill, making the transition especially convenient for an investor. Location is a standout - approximately 5 minutes to Texas State University or about a 15-minute walk, with local favorites including Palmer's, North Street and Zelick's also within walking distance. Continue its use as a short-term rental, transition to a long-term rental, or make it your own San Marcos home. This property offers options from day one. Want a closer look? Check out the video tour with aerial views, or reach out for a link to the virtual walkthrough.

At $339/sqft, this home is priced 50% 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

217 N Bishop St, San Marcos, TX 78666

Property Details

Price $469,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,386 sqft
Lot Size 0.26 acres (11,177.5 sqft)
Year Built 1930
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision West End
County Hays
Zip Code 78666
$/sqft $339/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $2,768.62
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243159662
List Date August 12, 2026
Elementary School Crockett
Middle School Miller
High School San Marcos
School District ,

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.

Schedule a Call →

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
102 Pitt None
J H Combs Add Sec 1
$450,000 $307 2 bd / 1 ba 1,468 sqft , 2026-08-06
1104 Gravel St
Document No. 26009442
$450,000 $305 3 bd / 2 ba 1,476 sqft , 2026-09-22
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
1022 W Martin Luther King Dr #D
J M Stone Add
$565,000 $324 4 bd / 2 ba 1,746 sqft , 2026-09-10

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
$2,256/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
$93,980
20% conventional investment loan

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

Estimated Gross Rent+$2,256
Principal + Interest−$2,564
Property Tax (~2.1% TX avg)−$822
Insurance (~0.5%)−$196
Est. Monthly Cash Flow $-1,326

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

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 13, 2026.

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