San Marcos Multifamily Investment
For Sale
$1,800,000
540-566 Crest Circle Dr, San Marcos, TX 78666
Rare 12-unit portfolio in high-demand Texas market.
Property SizeContact for details
Days on Market103
Property Features for 540-566 Crest Circle Dr
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2012
Listing Agency:
Andrew Phillips, Broker
(830) 237-5356
Listed By:
Andrew Phillips · License #0672721
(830) 237-5356
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 3 at 10:05AM
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
Investment Insights
Based on property information with market context.
This rare portfolio acquisition opportunity features 12 units in the high-demand Central Texas market, offering immediate scale and a diversified income stream. All units feature a 2BR/2BA configuration, which simplifies management and capital planning. Located in San Marcos, at the nexus of the I-35 corridor between Austin and San Antonio, the property benefits from its proximity to a growing population. Hays County has ranked among the fastest-growing counties in the nation for over a decade. Texas State University, with an enrollment of over 38,000, drives consistent renter demand, while nearby Austin's tech economy and San Antonio's healthcare and military sectors add further depth. Gross rental income has grown every year since 2022, with projected income in 2025. Current rents are below market comparables, representing upside as leases renew. Built in 2012, the property has a strong remaining useful life on all major systems. The twelve contiguous units across three adjacent parcels create exceptional leverage with one property manager, consolidated vendors, portfolio insurance, and unified accounting.
Key Highlights
- Rare opportunity to acquire 12 units, providing immediate scale and operational efficiency.
- Proven income with consistent rental income growth since 2022.
- Units are priced below replacement cost compared to new construction.
Property Analytics
Property Profile
Current Use
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
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 - Rare 12-unit portfolio in high-demand Texas market.
Where is this apartment building located?
The property is located at 540-566 Crest Circle Dr San Marcos, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Rare opportunity to acquire 12 units, providing immediate scale and operational efficiency.; Proven income with consistent rental income growth since 2022.; Units are priced below replacement cost compared to new construction.
