223 N Bishop St has been holding history in its bones for 125 years - and it wears every decade beautifully. This three-unit Victorian era compound sits in one of San Marcos's most beloved walkable neighborhoods: fantastic tacos wait across the street, great restaurants are a short stroll or bike ride away, as is Texas State University, the spring-fed San Marcos River, the most charming downtown, HEB, Prospect Park, and the Purgatory Creek greenbelt. This is the kind of address San Martians wait years to land. The craftsmanship stops you first: wood floors, Saltillo tile, and hard-surface finishes throughout - not a square inch of carpet in sight. Wide porches made for slow mornings. Oversized windows, skylights, and transom windows that nod to another era entirely. The woodwork is meticulous - crown molding, door casings, and built-in detailing. Eclectic renovations that layer in personality and chandeliers that feel like they were chosen, not purchased. Every corner has a point of view. Unit A is the anchor - 1,281 sq ft, two bedrooms, one bath, with high ceilings, beautiful woodwork, skylights, and generous proportions. Unit B offers a beautifully scaled one-bedroom, one-bath open floorplan at 831 sq ft. And then there's Unit C: a fully detached bungalow at 996 sq ft, two bedrooms, one bath, with beamed ceilings, its own private fenced yard, and the feel of a standalone cottage with real architectural soul. All three units have large living areas, high ceilings, spacious bathrooms, and their own private porches and fenced yards. All three units are leased month-to-month. Purchase as the perfect investment in the best college town. Live in one and let the others help carry the note. Create a family compound. Or purchase with friends to finally achieve affordable housing. A property like this doesn't come available often in the 78666.