San Marcos Multifamily
540–566 Crest Circle Dr San Marcos, TX 78666
For Sale
Contact for pricing
Twelve-unit residential portfolio in San Marcos, Texas, near Texas State.
Property Size11,136 SF
Price / SF$161.64
Days on Market152
Property Features for 540–566 Crest Circle Dr
General Information
- Standard status
- Active
- Size
- 11,136 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2012
Listing Agency:
SRE Commercial
(830) 237-5356
Listed By:
Andrew Phillips · License #672721
Source:
Crexi
Added: Feb 21
Changed: Jul 10
Last Checked: Jul 23 at 8:38AM
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 SRE Commercial
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a stabilized, cash-flowing residential portfolio of twelve units in San Marcos, Texas. The portfolio consists of six duplex buildings with twelve contiguous units across three adjacent parcels. Built in 2012, the units are configured as two-bedroom, two-bathroom layouts. The location is in the heart of the San Marcos metro, near Texas State University, which has over 38,000 students. The property is positioned along the I-35 corridor between Austin and San Antonio, in a high-demand market. The gross rental income has grown every year since 2022 and is projected to increase in 2025. Current rents are below market comparables, representing upside as leases renew. Acquiring 12 units in a single transaction delivers immediate scale, operational efficiency, and a diversified income stream. The property benefits from consolidated vendors, portfolio insurance, and unified accounting, improving net cash flow. This portfolio represents outstanding value, well below replacement cost, with a proven rent history dating to 2022.
Key Highlights
- Rare opportunity to acquire 12 units in a single transaction in a high‑demand Central Texas market.
- Below replacement cost at $150,000 per door, significantly lower than new construction costs in San Marcos.
- Proven income growth since 2022 with significant rental upside potential.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Twelve-unit residential portfolio in San Marcos, Texas, near Texas State.
Where is this duplex 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 in a single transaction in a high‑demand Central Texas market.; Below replacement cost at $150,000 per door, significantly lower than new construction costs in San Marcos.; Proven income growth since 2022 with significant rental upside potential.
