29
Map
302 Avenue N
About This Property
Built in 1898, this remarkable home is one of Marble Falls' oldest residences and among the few structures to survive the 1920s fire. Once home to the eldest son of Marble Falls' first mayor and the grandson of Civil War hero General A.R. Johnson, it holds a special place in the city's history.
While the home has been updated over time, it still retains its original solid wood floors and historic character. With 4 bedrooms, 3 living areas, and 2.5 baths, the spacious layout offers plenty of room for transformation. Featuring 14-foot ceilings, a grand parlor, and multiple living spaces, the home is ready for a new owner to restore and customize it into something truly special.
Zoned Neighborhood Commercial, this property allows for residential or light commercial use, making it ideal for a home, office, or business. Sitting on .61 acres it provides ample space for parking or expansion. Nestled along Backbone Creek and just minutes from HEB and Historic Downtown Marble Falls, this is a rare opportunity to own and revitalize a piece of local history.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 3, 2025 | Delisted | - | |
| Delisted | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| May 31, 2025 | Price Decreased |
$299,000
↓ $76K
(20.3%) | |
| Price Decreased | |||
| Mar 27, 2025 | Price Decreased |
$375,000
↓ $50K
(11.8%) | |
| Price Decreased | |||
| Feb 26, 2025 | Listed by Horseshoe Bay Living 2, LLC | $425,000 | |
| Listed by Horseshoe Bay Living 2, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017