Active Listing  ·  88 days on market

711 N Bishop St

San Marcos, TX 78666
$170,000
2 Bed 1 Bath 963 sqft $177/sqft Built 1939 0.18 acres Pool Westover

Investor and handyman special on a large corner lot with incredible potential! This 2 bedroom, 1 bathroom home is being sold AS IS, and no repairs will be made. According to the City of San Marcos, the property may have the potential to be rezoned for multifamily or commercial use, with the buyer responsible for pursuing the rezoning process after closing. Don't miss this rare opportunity to own a unique property located less than 2 miles from Texas State University. Built in 1939, this charming home is filled with character and is ready for your personal vision and updates. The location is exceptional, situated less than three blocks from Wonder World Cave and within walking distance of the Prospect Park Trailhead and Purgatory Creek Trail, offering the perfect blend of convenience and outdoor recreation.

The oversized corner lot provides endless possibilities. Create your dream backyard, add a pool, start a garden, expand the home, or design the ultimate outdoor entertaining space. Whether you're an investor, developer, or buyer looking for your next project, this property offers a rare chance to unlock tremendous value in one of San Marcos' most desirable locations. Schedule your showing today and explore the possibilities!

At $177/sqft, this home is 22% below the San Marcos active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

711 N Bishop St, San Marcos, TX 78666

Property Details

Price $170,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 963 sqft
Lot Size 0.18 acres (7,880 sqft)
Year Built 1939
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Westover
County Hays
Zip Code 78666
$/sqft $177/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,049.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237558765
List Date June 26, 2026
Elementary School Bowie
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 · June 26, 2026 $175,000
Current ask $170,000
Reduced $5,000 (-2.9%) 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
421 W San Antonio St #A2
Pecan Creek Condo
$169,999 $216 2 bd / 1 ba 786 sqft , 2026-04-23
203 S Mitchell St St #4
Mitchell Street Condo
$149,000 $156 3 bd / 2 ba 955 sqft , 2025-09-29
1221 W Hopkins St #2
West End Condos
$199,000 $214 2 bd / 2 ba 928 sqft , 2026-07-30
506 W San Antonio St #205
The Crossing Condos
$219,000 $206 2 bd / 2 ba 1,063 sqft , 2026-06-14
421 W San Antonio St #i 2
Pecan Creek Condo
$219,500 $228 2 bd / 2 ba 961 sqft , 2026-06-27

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
$816/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
$34,000
20% conventional investment loan

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

Estimated Gross Rent+$816
Principal + Interest−$928
Property Tax (~2.1% TX avg)−$298
Insurance (~0.5%)−$71
Est. Monthly Cash Flow $-481

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 27, 2026.

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