Residential Income Quadplex with
1000 Advance Street San Marcos, TX 78666
1000 Advance Street, San Marcos, TX, 78666
$964,000
For Sale
$964,000
MULTI_FAMILY - Other - San Marcos, TX
Property Size5,548 SF
Lot Size1.21 Acres
Price / SF$173.76
Days on Market468
Property Features for 1000 Advance Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 9
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 6, Bedroom 8, Bathroom 2, Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 9, Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 2
- Patio and Porch features
- Patio, Deck
- Pool private
- 1
- Interior features
- BeamedCeilings, CeilingFans, PrimaryDownstairs, MainLevelPrimary, SeparateShower, TubShower, BreakfastArea, KitchenIsland, KitchenFamilyRoomCombo, KitchenDiningCombo
- Exterior features
- CoveredPatio, Deck
- Fireplace
- 1
- Appliances
- Dishwasher, ExhaustFan, ElectricWaterHeater, Disposal, Microwave, SomeElectricAppliances
- Standard status
- Active
- APN
- R47752
- Size
- 5,548 SF
- Lot size
- 1.21 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 15027
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Tile, Wood
- Building materials
- HardiplankType, StoneVeneer, WoodSiding
- Roof type
- Metal, Composition, Shingle
- Architectural style
- Other
Listing agency
Keller Williams Realty- Hays C
(512) 312-1626
Listed by
Adrianne Craft · License #0598981
(512) 300-7647
Added: Apr 11, 2025 Updated: Jul 18 at 9:34AM Checked: Jul 22 at 11:06PM
MLS# 576249
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.
Investment Insights
Based on property information with market context.
This four-lot residential income property includes three homes plus an efficiency apartment. The main home features a 3-bedroom, 2-bath layout along with multiple storage and flex areas, and a front deck. An in-ground pool is on-site and needs some TLC. The three secondary units have refreshed finishes and are all leased.
The property is currently zoned SF6 (single family), with the opportunity to request rezoning. All units are leased, including an efficiency apartment on month-to-month terms. Reported lease details include the efficiency unit at $895–$1,009, the unit at 1,850–$1,009 through 6/2026, the unit at $2,200 through 6/2026, and the main home through 12/2025 at $1,900.
Located at 1000 Advance Street in San Marcos, Texas 78666, this property also has a cleared fourth lot.
The property is currently zoned SF6 (single family), with the opportunity to request rezoning. All units are leased, including an efficiency apartment on month-to-month terms. Reported lease details include the efficiency unit at $895–$1,009, the unit at 1,850–$1,009 through 6/2026, the unit at $2,200 through 6/2026, and the main home through 12/2025 at $1,900.
Located at 1000 Advance Street in San Marcos, Texas 78666, this property also has a cleared fourth lot.
Key Highlights
- 4 lots with 3 homes plus an efficiency apartment
- All units currently leased, including month‑to‑month efficiency at $895–$1,009 and 3 leased main/secondary units
- Efficiency apartment is leased through 6/2026 and main/secondary units are leased through 12/2025–6/2026 with listed rent ranges
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.1k | $29.40 |
| − Vacancy | −$8.5k | −$1.53 |
| EGI | $154.6k | $27.87 |
| − OpEx | −$69.6k | −$12.54 |
| NOI | $85.0k | $15.33 |
5,548 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $93,032 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,046 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,344 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nameless Ashram
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-lot residential income property with three leased homes plus an efficiency apartment and an in-ground pool needing TLC.
Where is this quadplex located?
The property is located at 1000 Advance Street San Marcos, TX.
What is the asking price?
The asking price for this property is $964,000.
What are key features of this property?
This property features: 4 lots with 3 homes plus an efficiency apartment; All units currently leased, including month‑to‑month efficiency at $895–$1,009 and 3 leased main/secondary units; Efficiency apartment is leased through 6/2026 and main/secondary units are leased through 12/2025–6/2026 with listed rent ranges
