San Marcos Multifamily Investment
540-566 Crest Circle Drive, San Marcos, TX 78666
MULTI_FAMILY - Other - 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
- Residential Multi Family
- Property subtype
- Other
- Appliances
- WaterHeater
- 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
- Architectural style
- Other
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# 605135
Listing URL
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: acquire 12 units in a single transaction in a high‑demand Central Texas market.
- Units feature a 2BR/2BA configuration, simplifying management.
- Located in San Marcos, at the nexus of the I‑35 corridor between Austin and San Antonio.
- Proven income growth since 2022, with significant rental upside.
- Priced below replacement cost at $150,000 per door.
- Twelve contiguous units across three parcels allow for operational efficiencies.
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 immediate scale, operational efficiency, 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 a growing region with over 4 million residents. Hays County has consistently ranked among the fastest-growing counties in the nation for over a decade. Texas State University, with an enrollment of over 38,000, provides consistent renter demand, while the nearby tech economy of Austin and the healthcare and military sectors of San Antonio add further economic depth. Constructed 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 exceptional leverage through consolidated management, vendors, insurance, and accounting, improving net cash flow. The property's gross rental income has grown every year since 2022 and is projected to increase to $161,511 in 2025. The property size is 11,136 square feet on a 5.19-acre lot.
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
- -97.958916
- Latitude
- 29.78871
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Portfolio of 12 units in high-demand Texas market.
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: acquire 12 units in a single transaction in a high‑demand Central Texas market.; Units feature a 2BR/2BA configuration, simplifying management.; Located in San Marcos, at the nexus of the I‑35 corridor between Austin and San Antonio.
