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717 Royal Street #717 & 719, 
Salado, TX 76571

$375,000


Bed


Bath


2,176

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Mandi Weller

Micki Matocha

Magnolia Realty

Last updated:

August 31, 2026, 02:33 PM

MLS#

621135

Source:

TX FRAR

About This Home

717 Royal Street #717 & 719

Rare opportunity to acquire a one or three duplexes in the heart of Salado. This listing is for doors 719/717 Royal Street, but currently you can buy one or all 3 buildings. Doors 727/725 Royal Street, and 711/709 Royal Street are also available, this investment as a large package provides consistent rental history with an average estimated 8% cap rate. See other MLS listing - 618739 for full package or other individual ones: 621123 (727&725); 621139 (711&709) 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. Many of the units are currently tenant occupied. 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.

Home Facts

Multi-Family

Built in 1983

Subdivision & Development:

Howerton Add

Price Summary

375,000

$172 per Sq. Ft.

MLS #:

621135

Last Updated:

August 31, 2026, 02:33 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

2,176 Sq. Ft.


Structure

Structure

Building Area:

2,176 Sq. Ft.

Year Built:

1983


Lot

Lot Size (Sq. Ft):

10,236


Finances & Disclosures

Finances

Price:

$375,000

Price per Sq. Ft:

$172 per Sq. Ft.

Source:TX FRAR
Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site comes in part from the FHAAR IDX INFO SHARE PROGRAM. Real estate listings held by brokerage firms other than Coldwell Banker Realty include the name of the listing agent. Copyright 2026 FHAAR IDX INFO SHARE PROGRAM. Last Updated August 31, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.