4-Unit Multifamily
For Sale
$625,000
540-546 Crest Circle Drive, San Marcos, TX 78666
Two buildings provide a consistent two-bedroom, two-bathroom layout across the property.
Property Size3,712 SF
Price / SF$168.37
Days on Market10
Property Features for 540-546 Crest Circle Drive
General Information
Standard status
Active
Size
3,712 SF
Property subtype
Multi Family Home
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Building Details
Building Size
3,712 SF
Year Built
2012
Buildings
2
Listing Agency:
Andrew Phillips, Broker
(830) 237-5356
Listed By:
Andrew Phillips · License #0672721
(512) 353-1776
Source:
Bluebonnetrealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 26 at 3:34AM
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 Andrew Phillips, Broker
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Investment Insights
Based on property information with market context.
This San Marcos multifamily property includes 4 units across 2 buildings, totaling 3,712 square feet. Each residence has 2 bedrooms and 2 bathrooms. Built in 2012, the property has existing tenants and management infrastructure in place.
The property is at 540-546 Crest Circle Drive in San Marcos, Texas. Additional neighboring properties at 550-556 and 560-566 Crest Circle Drive are also available.
The property is at 540-546 Crest Circle Drive in San Marcos, Texas. Additional neighboring properties at 550-556 and 560-566 Crest Circle Drive are also available.
Key Highlights
- 4 units in 2 buildings
- Each unit has a 2‑bedroom, 2‑bathroom configuration
- 3,712 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,902
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,040
$1.1M
Cap Rate 7%
$812,886
$812.9K
Cap Rate 9%
$632,244
$632.2K
Market Conditions
NOI Build-Up for 3,712 SF
Gross rent
$109.1K $29.40/SF
− Vacancy
−$5.7K −$1.53/SF
EGI
$103.5K $27.87/SF
− OpEx
−$46.6K −$12.54/SF
NOI
$56.9K $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%
$1,138,040
Cap Rate 7%
$812,886
Cap Rate 9%
$632,244
Alternative Uses
Best Use
Apartment 5plus
$812.9K
$711.3K – $948.4K
NOI $56,902 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,620 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
20
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?
Multifamily property - Two buildings provide a consistent two-bedroom, two-bathroom layout across the property.
Where is this multifamily property located?
The property is located at 540-546 Crest Circle Drive San Marcos, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4 units in 2 buildings; Each unit has a 2‑bedroom, 2‑bathroom configuration; 3,712 square feet total
