Active Listing  ·  35 days on market

309 Ellis St

San Marcos, TX 78666
$259,500
3 Bed 2 Bath 1,396 sqft $186/sqft Built 2007 0.13 acres Pool Guerrero

Located in the highly desirable Historic San Marcos neighborhood, this charming home blends comfort, convenience, and unbeatable access to everything the city has to offer. The bright, functional kitchen includes all essential appliances—refrigerator included—making move-in day a breeze. Well-sized rooms throughout the home provide comfortable living arrangements for everyone, while the primary bathroom features a shower/tub combo and a double vanity for added everyday ease. Step outside to a privately fenced backyard, perfect for unwinding, hosting friends, or enjoying quiet evenings outdoors. Just minutes from downtown San Marcos, Texas State University, the river, multiple city parks, walking trails, and with quick access to IH-35, this home puts you right where you want to be—whether you're commuting to Austin or San Antonio or embracing the vibrant local lifestyle. A wonderful opportunity to own in one of San Marcos’ most historic and convenient locations.

At $186/sqft, this home is 19% below the San Marcos active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

309 Ellis St, San Marcos, TX 78666

Property Details

Price $259,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,396 sqft
Lot Size 0.13 acres (5,501.63 sqft)
Year Built 2007
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Guerrero
County Hays
Zip Code 78666
$/sqft $186/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,438.08
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239326573
List Date July 9, 2026
Elementary School Hernandez
Middle School Goodnight
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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 9, 2026 $280,250
Current ask $259,500
Reduced $20,750 (-7.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
202 Mossycup Dr
Blanco Vista Tr E-2
$259,900 $149 3 bd / 3 ba 1,740 sqft , 2026-06-21
1115 Sycamore St
Rio Vista Terrace
$259,900 $226 3 bd / 1 ba 1,150 sqft , 2026-08-13
121 Cutleaf Cv
Cottonwood Creek
$259,990 $144 3 bd / 3 ba 1,805 sqft , 2026-06-22
360 Witchhazel Way
Blanco Vista Tr M-2
$259,000 $190 3 bd / 3 ba 1,364 sqft , 2026-06-01
151 Friendship Oak Dr
Blanco Vista Tr E-2
$259,000 $184 3 bd / 3 ba 1,410 sqft , 2026-06-26

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
$1,246/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
$51,900
20% conventional investment loan

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

Estimated Gross Rent+$1,246
Principal + Interest−$1,416
Property Tax (~2.1% TX avg)−$454
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-732

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 12, 2026.

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