Active Listing  ·  22 days on market

302 Blanco St

Kyle, TX 78640
$1,000,000
0.13 acres Original Town Of Kyle
302 Blanco St, photo 1
302 Blanco St, photo 2
302 Blanco St, photo 3
302 Blanco St, photo 4
302 Blanco St, photo 5

About This Home

302 & 304 Blanco St., Kyle, TX 78640

This real estate analysis evaluates two adjacent properties located in the heart of historic downtown Kyle, Hays County, Texas. Because these parcels represent Lot 1 and Lot 2 of Block 13 within the original city grid, holding both properties presents a prime opportunity for either individual residential/commercial use or unified, high-density redevelopment under Kyle's downtown zoning framework.

Location

302 Blanco 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 0.13 acres (5,797.84 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. $2,813.67
Pool ,
Waterfront ,
New Construction ,
MLS # ACT250455272
List Date October 21, 2026
Elementary School Kyle
Middle School Laura B Wallace
High School Lehman
School District HaysCONSISD

School District

HaysCONSISD

Kyle · Laura B Wallace · Lehman

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 (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$4,800
Principal + Interest−$5,457
Property Tax (assumed ~2.1%)−$1,750
Insurance (assumed ~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

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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 · 41 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. The written content was last updated on October 21, 2026.

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

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