Four-Unit Quadplex
For Sale
$625,000
550 CREST CIRCLE SAN MARCOS TX 78666, San Marcos, TX 78666
Two matching buildings offer a consistent unit layout and established tenant occupancy in San Marcos.
Property Size3,712 SF
Price / SF$168.37
Days on Market51
Property Features for 550 CREST CIRCLE SAN MARCOS TX 78666
General Information
Standard status
Active
Size
3,712 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Building Details
Year Built
2012
Buildings
2
Stories
1
Listing Agency:
Andrew Phillips, Broker
Listed By:
Andrew Phillips · License #0672721
(830) 237-5356
Source:
Kwsanantonio
Added: Aug 28
Changed: Oct 1
Last Checked: Oct 16 at 5:40AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This San Marcos quadplex offering includes four residential units across two buildings, with a total property size of 3,712 square feet. Every unit follows the same two-bedroom, two-bathroom layout, creating a consistent configuration across the portfolio. The buildings were constructed in 2012, and the property is occupied by existing tenants with management infrastructure already in place.
The property is positioned in San Marcos along the I-35 corridor between Austin and San Antonio. Texas State University, with enrollment exceeding 38,000, contributes to the area’s renter base. Additional nearby economic centers include Austin’s technology sector and San Antonio’s healthcare and military industries. Neighboring properties at 540-546 and 560-566 Crest Circle are also available.
The property is positioned in San Marcos along the I-35 corridor between Austin and San Antonio. Texas State University, with enrollment exceeding 38,000, contributes to the area’s renter base. Additional nearby economic centers include Austin’s technology sector and San Antonio’s healthcare and military industries. Neighboring properties at 540-546 and 560-566 Crest Circle are also available.
Key Highlights
- Four residential units arranged across 2 buildings
- 3,712‑square‑foot property built in 2012
- Uniform 2‑bedroom, 2‑bathroom unit layouts
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
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two matching buildings offer a consistent unit layout and established tenant occupancy in San Marcos.
Where is this quadplex located?
The property is located at 550 CREST CIRCLE SAN MARCOS TX 78666 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 residential units arranged across 2 buildings; 3,712‑square‑foot property built in 2012; Uniform 2‑bedroom, 2‑bathroom unit layouts
