4-Unit Multifamily
For Sale
$625,000
550-556 Crest Circle Drive, San Marcos, TX 78666
Two buildings offer consistent two-bedroom, two-bathroom layouts across all residences.
Property Size3,712 SF
Price / SF$168.37
Days on Market10
Property Features for 550-556 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
Amenities
Other
See Remarks
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 26
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,712-square-foot multifamily property contains four units across two buildings. Each residence has a two-bedroom, two-bathroom configuration, providing a consistent layout throughout the property. The buildings were constructed in 2012, and the units are occupied with management infrastructure in place.
The property is at 550-556 Crest Circle Drive in San Marcos, Texas. Texas State University, with enrollment above 38,000, is identified as a local renter-demand anchor. San Marcos is positioned along the I-35 corridor between Austin and San Antonio.
The property is at 550-556 Crest Circle Drive in San Marcos, Texas. Texas State University, with enrollment above 38,000, is identified as a local renter-demand anchor. San Marcos is positioned along the I-35 corridor between Austin and San Antonio.
Key Highlights
- Four units in two buildings
- All units have a two‑bedroom, two‑bathroom layout
- 3,712 square feet
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
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings offer consistent two-bedroom, two-bathroom layouts across all residences.
Where is this multifamily property located?
The property is located at 550-556 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 units in two buildings; All units have a two‑bedroom, two‑bathroom layout; 3,712 square feet
