Active Listing  ·  24 days on market

500 Lockwood St

San Marcos, TX 78666
$305,000
3 Bed 2 Bath 1,528 sqft $200/sqft Built 1975 0.24 acres 1-Car Garage Pool Sunset Acres

Charming, fully updated single-family home on a premium corner lot in San Marcos! This beautifully remodeled 3-bedroom, 2-bathroom residence sits prominently on a massive 0.24-acre corner parcel at the intersection of Lockwood St and Broadway St. Inside, the home offers 1,528 square feet of bright, open living space featuring extensive updates, modern flooring, fresh paint, and contemporary fixtures throughout. The kitchen is fully equipped with high-efficiency stainless steel appliances, a gas range, and ample cabinetry. The exterior boasts a spacious, tree-shaded yard perfect for entertaining, a 1-car attached garage, and a dedicated storage shed. With no HOA constraints and a highly desirable corner positioning that provides extra privacy and curb appeal, this property is perfectly located just minutes from downtown San Marcos, Texas State University, and local parks. It is an ideal choice for primary homeowners or savvy investors alike.

At $200/sqft, this home is 13% 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

500 Lockwood St, San Marcos, TX 78666

Property Details

Price $305,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,528 sqft
Lot Size 0.24 acres (10,301.94 sqft)
Year Built 1975
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sunset Acres
County Hays
Zip Code 78666
$/sqft $200/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,331.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240694709
List Date July 21, 2026
Elementary School Mendez
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.

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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
206 Sherwood St
Feltner Add
$299,000 $177 4 bd / 2 ba 1,688 sqft , 2026-05-22
1104 Hilltop Dr
Hills Of Hays Ph 1
$315,000 $178 3 bd / 3 ba 1,770 sqft , 2026-06-19
307 Ellis St
Guerrero
$349,999 $194 4 bd / 3 ba 1,800 sqft , 2026-08-03
309 Ellis St
Guerrero
$259,500 $186 3 bd / 2 ba 1,396 sqft , 2026-07-09
1100 Mira Loma Ln
Hills Of Hays Ph 1
$235,000 $191 3 bd / 2 ba 1,230 sqft , 2026-08-01

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
$1,464/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
$61,000
20% conventional investment loan

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

Estimated Gross Rent+$1,464
Principal + Interest−$1,665
Property Tax (~2.1% TX avg)−$534
Insurance (~0.5%)−$127
Est. Monthly Cash Flow $-862

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 July 29, 2026.

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