727 Royal Street 709,711,717,719,725 & 727, Salado, TX 76571
Howerton Add · Bell County
Key Facts
Description
Rare opportunity to acquire a fully occupied package of three duplexes in the heart of Salado. Offering six total units located at 727/725 Royal Street, 719/717 Royal Street, and 711/709 Royal Street, this investment provides consistent rental history with an average estimated 8% cap rate. Each duplex consists of two approximately 1,088 SF units (approximately 2,176 SF per building), with every unit featuring 2 bedrooms, 2 full bathrooms, a spacious living area with fireplace, breakfast area, covered patio, and functional floor plan designed for long-term tenant appeal. Perfectly positioned on one of Salado's most sought-after streets, tenants enjoy walkability to charming downtown Salado, local restaurants, shopping, parks, and the community's unique small-town atmosphere. All three duplexes are currently tenant occupied and are being offered as a package sale only. The properties have demonstrated strong occupancy and provide an outstanding opportunity for investors seeking immediate cash flow in one of Central Texas' most desirable rental markets. Contact the listing agent for current rent roll, lease information, and additional financial details.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Style
Traditional
Year Built
1983
Living Area
6,528 sq ft
Lot Size
0.75 acres
Days on Market
7
MLS® Listing#
618739
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Fireplace
Pool
Laundry
Fencing
Lot Features
Construction
Foundation
Roof
Other Structures
Community
Utilities
Sewer
Schools
- Elementary:
- Thomas Arnold Elementary
- Middle:
- Salado Junior High
- High:
- Salado High School
Financial Details
HOA
None
Parcel Number
208282
Directions
From I-35, take Exit 284 toward Salado. Head east on Royal Street. Continue through downtown Salado, and the properties will be on the left. Package includes 727/725 Royal Street, 719/717 Royal Street, and 711/709 Royal Street.
Affordability Calculator
$220,000
Estimated monthly payment
$5,855/mo
Principal $880,000 · Est. interest $1,227,678 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salado, TX
- $597,619
- Median Listing Price
- 78
- Median Days on Market
- 2,602
- Median Sq Ft
- $237
- Median Price / Sq Ft
- 232
- Active Listings
- This home’s price is 84% above the area median.
- Its price per sq ft is 29% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salado, TX.
Location
Points of Interest in Salado, TX
Showing the Salado area map.
Nearby Schools
Salado Independent School District
School · 0.8 mi away
Salado Independent School District
Secondary · 1.0 mi away
Salado High School
Secondary · 1.1 mi away
Salado Middle School
Secondary · 1.5 mi away
Salado H S
Secondary · 1.9 mi away
Salado Montessori
Elementary · 2.2 mi away
Belton Isd Maintenance Department
Elementary · 7.4 mi away
Chisholm Trail Elementary
Elementary · 8.2 mi away
Holland Isd
School · 8.2 mi away
Holland Independent School District
School · 8.2 mi away
Holland Elementary School
Elementary · 8.2 mi away
Holland H S
Secondary · 8.2 mi away
Holland High School School
Secondary · 8.2 mi away
Holland Middle
Secondary · 8.3 mi away
Bisd - Miller Heights Elementary
Elementary · 8.3 mi away
South Belton Middle School
Secondary · 8.4 mi away
Southwest Elementary School
Elementary · 8.4 mi away
Nolan Creek School
Elementary · 8.8 mi away
Jarrell Middle School
Secondary · 9.0 mi away
Jarrell Int
Elementary · 9.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2203 Salado Center DR, Salado, TX | $774,671 | — | — | — |
| 301 Rodeo Road, Salado, TX | $779,000 | 4 | 3 | 2,813 |
| 306 Rodeo Road, Salado, TX | $779,000 | 4 | 4 | 3,467 |
| 301 Rodeo RD, Salado, TX | $779,000 | 4 | 3 | 2,813 |
| 6756 Kings Mill Drive, Salado, TX | $781,207 | 4 | 3 | 3,342 |
| 6756 Kings Mill DR, Salado, TX | $781,207 | 4 | 3 | 3,342 |
Moving Cost Estimate
EXIT Agents in Salado
Listing Courtesy: Magnolia Realty - 254-218-5940