717 Royal St #717 & 719, Salado, TX, 76571
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1983
Materials
- Foundation: Slab
- Roof: Composition,Shingle
- Construction materials: Brick,Masonry
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Duplex,Multi Family,Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Microwave,Some Electric Appliances,Range
- Laundry features: Laundry in Utility Room,Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Ceiling Fan(s),Multiple Closets,Vanity
- Flooring: Laminate,Tile,Wood
- Number of fireplaces: 1
- Fireplace features: Family Room,Living Room,Masonry,Wood Burning
- Fireplace: Yes
- Attic: None
Heating & Cooling
- Heating features: Central,Multiple Heating Units
- Cooling features: Central Air,1 Unit,2 Units
Interior Area
- Total interior livable area: 2,176 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 208282
- Attached to another structure: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Exterior features: Rain Gutters
- Fencing: None,Partial
- Has view: Yes
- View description: None
- Waterbody name: None
Lot
- Lot size: 10,236 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Inland Flooding
- Tornado
- Winter Weather
- Cold Wave
- Heat Wave
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,896 | $22,752 |
| Home Insurance * | $204 | $2,448 |
| Property Taxes | $378 | $4,536 |
| Electricity | $238 | $2,867 |
| Total | $2,716 | $32,592 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-12 | Contingent | $375,000 |
| 2026-07-30 | Listed for sale | $375,000 |
View on Zillow