A rare opportunity near Texas State University! Whether you're an investor looking to expand your portfolio or a buyer who wants to live on one side while generating rental income from the other, this San Marcos duplex offers flexibility, convenience, and great potential in an incredible location. Each side offers approximately 1,000 sq. ft. with 2 bedrooms and 2 baths, no carpet, vaulted living room ceilings, a wood-burning fireplace, generous closets, ample storage, a private patio area, and a stackable washer and dryer included. Side A is currently vacant and ready for its next occupant. Updates include an updated tub/shower combination, while the kitchen features a gas stove. The unit is comfortable as-is with an opportunity for a new owner to add personal touches. Side B offers the same functional layout with additional updates, including granite countertops, all-black appliances, updated ceiling fans and light fixtures, and all-electric utilities. The AC and water heater are both less than five years old. Side B is currently leased for $1,200 per month through July 2028, providing established rental income. A new roof is scheduled to be installed, adding another valuable improvement. The location truly sets this property apart! Approximately half a mile from IH-35, within walking distance of Texas State University's football stadium, and along the Texas State bus route. Mill Street Market is directly across the street, a city park is just one block away, and restaurants and a convenience store are within walking distance. Live in one side while rental income from the other helps offset housing expenses, or lease both units as an investment. With approximately 2,000 combined sq. ft., one unit vacant, one producing income through July 2028, a new roof on the way, and outstanding proximity to Texas State, this is a San Marcos opportunity worth seeing!