About This Home

Located just blocks from the historic square in downtown Kyle, Texas (Hays County), 209 W South St is a central urban land parcel situated within walking distance of local civic amenities, dining, and shops along Center Street and Burleson Street. Positioned within the heart of the downtown core, the property offers direct access to local thoroughfares with convenient proximity to Interstate 35. Its prime location makes it an exceptional candidate for downtown commercial, mixed-use, or residential infill development.

Location

209 W South St, Kyle, TX 78640

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Property Details

Price $1,000,000

Status Active Listing

Beds ,

Full Baths ,

Half Baths ,

Living Area ,

Lot Size 0.19 acres (8,324.32 sqft)

Year Built ,

Garage ,

Stories ,

Type Land · Multiple Lots (Adjacent)

Subdivision Original Town Of Kyle

County Hays

Zip Code 78640

$/sqft ,

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,328.14

Pool ,

Waterfront ,

New Construction ,

MLS # ACT249623780

List Date October 12, 2026

Elementary School Kyle

Middle School Laura B Wallace

High School Jack C Hays

School District ,

Have Questions About This Property?

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

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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

$4,800/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

$200,000

20% conventional investment loan

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

Estimated Gross Rent+$4,800

Principal + Interest−$5,457

Property Tax (~2.1% TX avg)−$1,750

Insurance (~0.5%)−$417

Est. Monthly Cash Flow $-2,824

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 Kyle, TX

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

Hays County job center 5-10 min

Tesla Gigafactory 30 min N

Downtown Austin 35 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 October 21, 2026.

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

209 W South St

Location

Property Details

Rental Income Potential

Major Employers Near Kyle, TX

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