Historic Colonial 8-Unit
For Sale
$2,000,000
527 W San Antonio St, San Marcos, TX 78666
Unique investment opportunity: historic 8-unit mansion in San Marcos.
Property Size7,396 SF
Price / SF$270.42
Days on Market230
Property Features for 527 W San Antonio St
General Information
Standard status
Active
Size
7,396 SF
Building Details
Year Built
1940
Listing Agency:
Vance J. Elliott
Listed By:
Cari Patterson · License #0416464
(512) 423-0698
Source:
Texasrealtygroup
Added: Mar 10
Changed: Oct 1
Last Checked: Oct 24 at 9:59PM
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 Vance J. Elliott
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Investment Insights
Based on property information with market context.
This historic, multi-family property is an 8-unit mansion located in the city’s historic district. Each unit features its own kitchen, bedroom, and bathroom. The property showcases architectural charm with wrap-around porches. Tenant parking is available in a private lot located at the rear of the property, along with an on-site laundry room. Situated within walking distance to the downtown square, the property provides access to dining, shopping, and entertainment options. The property is 100% leased through Summer 2026 and benefits from a rental history, making it an income-producing investment. The actual date of construction is unknown but is believed to be prior to 1940.
Key Highlights
- 100% Leased through Summer 2026, providing immediate and stable income
- Historic 8‑Unit Colonial Mansion - a unique and rare investment opportunity
- Multi‑Family Zoned allows for continued rental income potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,374
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,267,480
$2.3M
Cap Rate 7%
$1,619,629
$1.6M
Cap Rate 9%
$1,259,711
$1.3M
Market Conditions
NOI Build-Up for 7,396 SF
Gross rent
$217.4K $29.40/SF
− Vacancy
−$11.3K −$1.53/SF
EGI
$206.1K $27.87/SF
− OpEx
−$92.8K −$12.54/SF
NOI
$113.4K $15.33/SF
Area
Hays County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,267,480
Cap Rate 7%
$1,619,629
Cap Rate 9%
$1,259,711
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,374 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,420 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Unique investment opportunity: historic 8-unit mansion in San Marcos.
Where is this apartment building located?
The property is located at 527 W San Antonio St San Marcos, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 100% Leased through Summer 2026, providing immediate and stable income; Historic 8‑Unit Colonial Mansion - a unique and rare investment opportunity; Multi‑Family Zoned allows for continued rental income potential
