San Marcos Multifamily Investment
540-566 Crest Circle Drive, San Marcos, TX 78666
COMMERCIAL - San Marcos, TX
Property size:
11,136 SFLot size:
5.19 AcresPrice / SF:
$161/SF- Added:
- Feb 20, 2026
- Days on Market:
- 85
- Last Refresh:
- May 16 at 7:06 pm
Property Features for 540-566 Crest Circle Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage
- Standard status
- Active
- APN
- 116092
- Size
- 11,136 SF
- Lot size
- 5.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SOUTHRIDGE ESTATES PH #3 LOT 3 1.73 AC, SOUTHRIDGE ESTATES PH #3 LOT 2 1.73, AC, SOUTHRIDGE ESTATES PH #3 LOT 1 1.73 AC
- Tax Annual Amount
- 34322
Utilities
- Sewer type
- Aerobic Septic
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 2012
- Floors in Building
- 1
- Building materials
- Brick, HardiplankType
- Roof type
- Shingle, Composition
Listing agent Andrew Phillips License #0672721 (830) 237-5356
Listing office Andrew Phillips, Broker 109 Bowie St, MARTINDALE, TX (830) 237-5356
Listing date Feb 20, 2026
MLS# 605362
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Rare opportunity to acquire 12 units, providing immediate scale and operational efficiency.
- Located in San Marcos, a high‑demand Central Texas market experiencing rapid growth.
- Proven income with consistent rental income growth since 2022.
- Significant rental upside potential with current rents below market comparables.
- Priced below replacement cost at $150,000 per door.
- Twelve contiguous units allow for streamlined management and reduced operational costs.
Overview
This offering presents a rare opportunity to acquire a scaled portfolio of 12 units in the high-demand Central Texas market. The units, all featuring a 2BR/2BA configuration, offer simplified management and a diversified income stream. Located in San Marcos, at the nexus of the I-35 corridor between Austin and San Antonio, the property benefits from its proximity to Texas State University, with over 38,000 students, and the economies of both Austin and San Antonio. Hays County has been among the fastest-growing counties in the nation for over a decade. Built in 2012, the property has a strong remaining useful life on all major systems. The twelve contiguous units are situated across three adjacent parcels, creating leverage through consolidated vendors, portfolio insurance, and unified accounting. Gross rental income has grown every year since 2022, with projected income of $161,511 in 2025. Current rents remain below market comparables, representing upside as leases renew. The property is being offered at below replacement cost.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Marcos
- County
- Hays
- State
- Texas
- Longitude
- -97.9584191
- Latitude
- 29.7879579
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Rare 12-unit portfolio in high-demand Texas market near universities.
Where is this apartment building located?
The property is located at 540-566 Crest Circle Drive San Marcos, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Rare opportunity to acquire 12 units, providing immediate scale and operational efficiency.; Located in San Marcos, a high‑demand Central Texas market experiencing rapid growth.; Proven income with consistent rental income growth since 2022.
