4-Unit Quadplex with
608 Bracewood CIR, San Marcos, TX 78666
For Sale
$599,000
Each residence has two bedrooms, one bathroom, washer and dryer connections, and a two-car parking space.
Property Size3,228 SF
Price / SF$185.56
Days on Market138
Property Features for 608 Bracewood CIR
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hookups
private fenced patio
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Warren Kull · License TX #0533468
(512) 263-5655
Source:
Ten42realty
Added: Jun 25
Changed: Nov 9
Last Checked: Nov 9 at 6:14PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1988, this 3,228-square-foot quadplex contains four two-bedroom, one-bathroom residences. Every unit has washer and dryer connections and a two-car parking space outside. The lower-level residences also feature private fenced patios.
The roof is reported replaced in September 2026, and units A and C received fresh paint.
The roof is reported replaced in September 2026, and units A and C received fresh paint.
Key Highlights
- Four units, each configured with two bedrooms and one bathroom
- 3,228 square feet; built in 1988
- Washer and dryer connections in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,129
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,580
$1.1M
Cap Rate 7%
$773,271
$773.3K
Cap Rate 9%
$601,433
$601.4K
Market Conditions
NOI Build-Up for 3,228 SF
Gross rent
$81.3K $25.20/SF
− Vacancy
−$4.0K −$1.24/SF
EGI
$77.3K $23.96/SF
− OpEx
−$23.2K −$7.19/SF
NOI
$54.1K $16.77/SF
Area
Hays County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,580
Cap Rate 7%
$773,271
Cap Rate 9%
$601,433
Alternative Uses
Best Use
Multifamily LT 5
$773.3K
$676.6K – $902.2K
NOI $54,129 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$706.9K
$618.5K – $824.7K
NOI $49,483 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,546 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
386
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 - Each residence has two bedrooms, one bathroom, washer and dryer connections, and a two-car parking space.
Where is this quadplex located?
The property is located at 608 Bracewood CIR San Marcos, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four units, each configured with two bedrooms and one bathroom; 3,228 square feet; built in 1988; Washer and dryer connections in every unit
