Four-Unit Quadplex
For Sale
$625,000
550-556 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 Market67
Property Features for 550-556 Crest Circle Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
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
116091
Size
3,712 SF
Lot size
1.73 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SOUTHRIDGE ESTATES PH #3 LOT 2 1.73 AC
Tax Annual Amount
10270
Legal Description
SOUTHRIDGE ESTATES PH #3 LOT 2 1.73 AC
Utilities
Sewer type
Aerobic Septic
Building Details
Year built
2012
Floors in Building
1
Flooring type
Combination
Building materials
HardiplankType, Masonry
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Andrew Phillips, Broker
Listed By:
Andrew Phillips · License #0672721
(830) 237-5356
Added: Aug 28
Changed: Oct 22
Last Checked: Nov 2 at 1:06PM
MLS# 623894
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.
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Investment Insights
Based on property information with market context.
This quadplex includes four residential units across two buildings, with each unit configured as two bedrooms and two bathrooms. The improvements contain 3,712 square feet and were built in 2012. Hardiplank and masonry construction, combination flooring, and composition shingle roofing define the buildings’ primary physical features.
The property occupies 1.73 acres at 550-556 Crest Circle Drive in San Marcos, Texas, within Guadalupe County. Sewer service is provided by an aerobic septic system. The configuration provides a consistent unit layout across the property, supporting a straightforward residential income setup.
The property occupies 1.73 acres at 550-556 Crest Circle Drive in San Marcos, Texas, within Guadalupe County. Sewer service is provided by an aerobic septic system. The configuration provides a consistent unit layout across the property, supporting a straightforward residential income setup.
Key Highlights
- Four units distributed across two buildings
- All units offer a 2BR/2BA configuration
- 3,712 square feet on 1.73 acres
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
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
21
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?
Quadplex - Two buildings feature matching two-bedroom, two-bath residential layouts.
Where is this quadplex 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 distributed across two buildings; All units offer a 2BR/2BA configuration; 3,712 square feet on 1.73 acres
