Two-Story Garden Apartment
For Sale
Contact for pricing
Pending
1640 Aquarena Springs Dr, San Marcos, TX 78666
Two-story garden apartment community with 162 units on 7.88 acres and more than $1 million in recent capital improvements.
Property SizeContact for details
Lot Size7.88 Acres
Days on Market126
Property Features for 1640 Aquarena Springs Dr
General Information
Standard status
Pending
Lot size
7.88 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
162
Building Details
Stories
2
Listing Agency:
Walker & Dunlop, Inc.
Listed By:
Spencer Roy · License #TX 738683
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 13 at 8:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Walker & Dunlop, Inc.
Investment Insights
Based on property information with market context.
Aqua 16 is a two-story, 162-unit garden apartment community offered as fee simple. The property is situated on 7.88 acres and includes recent capital improvements totaling more than $1 million, focused on common areas, landscaping, and unit interiors. New ownership has opportunities to build on the existing upgrade program, including the proven “Designer” unit upgrade that has generated monthly rent premiums of $200.
The community has frontage on the west side of Interstate Highway 35 (I-35) and is located less than one mile from Texas State University, which enrolls 39,000 students. San Marcos sits between Austin and San Antonio.
Additional income enhancement options referenced for Aqua 16 include expanding the all-in-one washer dryers and adding more private fenced-in yards.
The community has frontage on the west side of Interstate Highway 35 (I-35) and is located less than one mile from Texas State University, which enrolls 39,000 students. San Marcos sits between Austin and San Antonio.
Additional income enhancement options referenced for Aqua 16 include expanding the all-in-one washer dryers and adding more private fenced-in yards.
Key Highlights
- Two‑story 162‑unit garden apartment community in San Marcos, TX
- Located on 7.88 acres with frontage on the west side of I‑35
- Less than 1 mile from Texas State University (39,000 students)
Property Analytics
Current Use
Lease Details
162
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,686
Businesses Nearby
Explore this area
Business Placement
Demographics for 78666, TX
86,584
Population
36,354
Households
2.4
Avg Household Size
27
Median Age
35%
College-Educated
89%
High-School Grad
192.4 sq mi
ZIP Area
450
Density / Sq Mi
$55,478
Median Household Income
$25,890
Median Earnings
$1,294
Median Rent
$271,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story garden apartment community with 162 units on 7.88 acres and more than $1 million in recent capital improvements.
Where is this apartment building located?
The property is located at 1640 Aquarena Springs Dr San Marcos, TX.
What are key features of this property?
This property features: Two‑story 162‑unit garden apartment community in San Marcos, TX; Located on 7.88 acres with frontage on the west side of I‑35; Less than 1 mile from Texas State University (39,000 students)
