32
Map
$280,000
●
Multifamily -
Off Market
200 Monterrey ST #AB
Elgin, TX 78621
6 Beds
2 Baths
1,748 Ft²
$1,849
Est. Monthly
About This Property
Located in the rapidly expanding community of Elgin, this duplex at
200 Monterrey offers a strong opportunity for both investors and
owner-occupants looking to offset their mortgage with rental
income. Both units are currently tenant-occupied on month to
month leases, providing immediate income from day one. Whether
you're looking to expand your portfolio or step into your first
investment property, this is a chance to secure a performing asset
in a high-growth area just outside of Austin.
Each unit offers a functional layout designed for comfortable living, with private entrances and dedicated living spaces that appeal to long-term tenants. Due to tenant occupancy, showings will be scheduled after an accepted offer, allowing for minimal disruption while still giving serious buyers full access during the option period. *Minutes from downtown Elgin, local dining, and commuter routes into Austin* *Positioned in a market seeing continued growth and demand for rentals* *Ideal for investors, house hackers, or long-term hold strategies* If you've been waiting for the right entry into an income-producing property-this is it.
Each unit offers a functional layout designed for comfortable living, with private entrances and dedicated living spaces that appeal to long-term tenants. Due to tenant occupancy, showings will be scheduled after an accepted offer, allowing for minimal disruption while still giving serious buyers full access during the option period. *Minutes from downtown Elgin, local dining, and commuter routes into Austin* *Positioned in a market seeing continued growth and demand for rentals* *Ideal for investors, house hackers, or long-term hold strategies* If you've been waiting for the right entry into an income-producing property-this is it.
Unit Size
1,748 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$160
Property Type
Multifamily
Property Taxes
$473
HOA Dues
-
Year Built
2001
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (Unlock MLS #ACT7867337)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| May 31, 2026 | Price Decreased |
$280,000
↓ $19K
(6.4%) | |
| Price Decreased | |||
| Apr 7, 2026 | Listed by eXp Realty, LLC | $299,000 | |
| Listed by eXp Realty, LLC | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: Concrete, Driveway, Oversized, Shared Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s)
Appliances: Microwave, Free-Standing Range, Refrigerator
Flooring Type: Vinyl
Exterior Details
Square Footage: 1748
Square Footage Source: $0
Green Sustainability
Property Condition: Updated/Remodeled, Good
Year Built Source: Public Records
Year Built: 1986
Waterfront Features: None
Levels: One
Other Structures: None
Window Features: None
Construction Materials: Brick Veneer, HardiPlank Type
Patio and Porch Features: None
Pool Features: None
Lot Features: Level
Lot Size Area: 6969.6
Lot Size Units: Square Feet
Lot Size Acres: 0.16
Lot Size Square Feet: 6969.6
Lot Size Dimensions: 60 X 104
Water Source: Public
Financial Details
Tax Map Number: 1
Tax Assessed Value: $229,418
Tax Annual Amount: $5,678
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/07/2026
|
6 Bed
|
2 Bath
|
1748 ft²
|
$299,000
6 Bed
2 Bath
1748 ft²
|
$280,000
-6.35%
04/07/2026
|
Rachael Felan
Compass RE Texas, LLC
|
Building Info
About Buena Vista West
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Listed by: Rachael Felan
Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2026-07-29 04:05:13
Data Source: Unlock MLS, MLS# ACT7867337
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2026-07-29 04:05:13
Data Source: Unlock MLS, MLS# ACT7867337
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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