Two-Building
For Sale
$625,000
540-546 Crest Circle Drive, San Marcos, TX 78666
Residential, San Marcos, TX
Property Size3,712 SF
Lot Size1.73 Acres
Price / SF$168.37
Days on Market47
Property Features for 540-546 Crest Circle Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Appliances
Range
Subdivision
Southridge Estates Ph #3
Lot features
One To Three Acres, Outside City Limits
Elementary school district
Navarro ISD
Middle school district
Navarro ISD
High school district
Navarro ISD
Directions
Take I-35 S and Center Point Rd to Pauls Dr, turn left on Crest Drive Circle.
Standard status
Active
APN
116092
Size
3,712 SF
Lot size
1.73 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SOUTHRIDGE ESTATES PH #3 LOT 3 1.73 AC
Tax Annual Amount
10270
Legal Description
SOUTHRIDGE ESTATES PH #3 LOT 3 1.73 AC
Utilities
Sewer type
Aerobic Septic
Building Details
Year built
2012
Floors in Building
1
Flooring type
Tile
Building materials
HardiplankType, Masonry
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Andrew Phillips, Broker
(830) 237-5356
Listed By:
Andrew Phillips · License #0672721
(512) 353-1776
Added: Aug 28
Changed: Sep 16
Last Checked: Oct 13 at 5:06PM
MLS# 623891
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 quadplex includes four residential units distributed across two buildings, with each unit configured as two bedrooms and two bathrooms. The property contains 3,712 square feet on 1.73 acres and was built in 2012. Hardiplank and masonry construction, tile flooring, composition shingle roofing, range appliances, and an aerobic septic system are documented. Existing tenants and management infrastructure are in place.
Located at 540-546 Crest Circle Drive in San Marcos, the property is positioned near the I-35 corridor. Texas State University, with enrollment exceeding 38,000, is identified as a major local institution. The site is in Guadalupe County and carries a 78666 ZIP Code.
Located at 540-546 Crest Circle Drive in San Marcos, the property is positioned near the I-35 corridor. Texas State University, with enrollment exceeding 38,000, is identified as a major local institution. The site is in Guadalupe County and carries a 78666 ZIP Code.
Key Highlights
- Four 2BR/2BA residential units across 2 buildings
- 3,712 square feet on 1.73 acres
- Built in 2012 with Hardiplank and masonry construction
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
Multifamily LT 5
$889.2K
$778.1K – $1.04M
NOI $62,245 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$812.9K
$711.3K – $948.4K
NOI $56,902 @ 7.0% cap · market cap 9.10%
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
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
20
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four matching residential units offer a straightforward configuration for ongoing rental operations.
Where is this quadplex 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: Four 2BR/2BA residential units across 2 buildings; 3,712 square feet on 1.73 acres; Built in 2012 with Hardiplank and masonry construction
