4-Unit Multifamily
For Sale
$625,000
560-566 Crest Circle Drive, San Marcos, TX 78666
Two buildings provide four income-producing residences, each with a consistent two-bedroom, two-bathroom layout.
Property Size3,712 SF
Price / SF$168.37
Days on Market10
Property Features for 560-566 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 25
Last Checked: Oct 26 at 3:33AM
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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Investment Insights
Based on property information with market context.
This 3,712-square-foot multifamily property at 560-566 Crest Circle Drive comprises two buildings and four residences. Each unit has two bedrooms and two bathrooms. Built in 2012, the property has existing tenants and management infrastructure in place.
The property is in San Marcos, along the I-35 corridor between Austin and San Antonio. Texas State University, with enrollment of 38,000+, is identified as a local renter-demand anchor. The neighboring properties at 540-546 and 550-556 Crest Circle Drive are also available.
The property is in San Marcos, along the I-35 corridor between Austin and San Antonio. Texas State University, with enrollment of 38,000+, is identified as a local renter-demand anchor. The neighboring properties at 540-546 and 550-556 Crest Circle Drive are also available.
Key Highlights
- Four units across two buildings
- Each residence has a two‑bedroom, two‑bathroom configuration
- 3,712 square feet; built in 2012
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
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
20
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?
Multifamily property - Two buildings provide four income-producing residences, each with a consistent two-bedroom, two-bathroom layout.
Where is this multifamily property located?
The property is located at 560-566 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 across two buildings; Each residence has a two‑bedroom, two‑bathroom configuration; 3,712 square feet; built in 2012
