540-566 Crest Circle Dr,San Marcos, TX 78666
San Marcos, TX 78666
Description
A Rare, Scaled Portfolio in a High-Demand Texas Market. Acquiring 12 units in a single transaction is exceedingly rare in Central Texas, delivering immediate scale, operational efficiency, and a diversified income stream from Day 1. All units share the same 2BR/2BA configuration, simplifying management, unit turns, and capital planning. San Marcos sits at the nexus of the I-35 corridor between Austin and San Antonio, home to 4 million+ residents and growing. Hays County has ranked among the fastest-growing counties in the nation for over a decade. Texas State University (38,000+ enrollment) anchors consistent renter demand, while proximity to Austin's tech economy and San Antonio's healthcare and military sectors add further depth. Proven Income, Four Consecutive Years of Growth Gross rental income has grown every year since 2022, from $151,541 to a projected $161,511 in 2025 (2.1% CAGR). Current rents remain $187 to $287/unit below market comparables of $1,350 to $1,450, representing meaningful upside captured organically as leases renew. $150,000 Per Door, Below Replacement Cost New construction in San Marcos routinely exceeds $200,000 per door. The buyer acquires stabilized, income-producing assets with existing tenants and management infrastructure. No construction risk, no lease-up period, no development timeline. Built in 2012 with a strong remaining useful life on all major systems. Twelve contiguous units across three adjacent parcels create exceptional leverage: one property manager, consolidated vendors, portfolio insurance, and unified accounting, all improving net cash flow versus scattered single-family rentals.
Details
| MLS # | 4692656 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2012 |
| Days On Site | 187 |
| Listing Provided By | Andrew Phillips, Broker | Andrew Phillips |
Features
| SQ Feet | 11,136 |
|---|---|
| Garage | 12 |
| Acreage | 5.19 |
| Water Front | Yes |
| Property View | Neighborhood, Rural |
Interior
| Appliances | See Remarks |
|---|
Exterior
| Lot Features | Level, Subdivided |
|---|---|
| Patio And Porch Features | None |
| Fencing | Back Yard |
| Construction Materials | Brick, Hardi Plank Type |
Parking
| Parking Features | See Remarks |
|---|---|
| Garage Spaces | 12 |
Utilities
| Utilities | See Remarks |
|---|---|
| Sewer | Aerobic Septic |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 34322 |
|---|
Area Information
| State | TX |
|---|---|
| County | Guadalupe |
| City | San Marcos |
| Zip Code | 78666 |
| Area | GU |
| Community Name | Southridge Estates Ph #3 |
| School District | Navarro ISD |
| Elementary School | Navarro |
| High School | Navarro |
| Listing VS Median (in Southridge Estates Ph #3) | |
Price: $1,800,000 low | high Med: $1,800,000 sqft: 11,136 low | high Med: 11,136 $ / sqft: $162 low | high Med: $162 On site: 187 low | high Med: 187 | |
Market Activity 78666
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 30, 2026 at 10:55:13 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Guadalupe |
| City | San Marcos |
| Zip Code | 78666 |
| Area | GU |
| Community Name | Southridge Estates Ph #3 |
| School District | Navarro ISD |
| Elementary School | Navarro |
| High School | Navarro |
| Listing VS Median (in Southridge Estates Ph #3) | |
Price: $1,800,000 low | high Med: $1,800,000 sqft: 11,136 low | high Med: 11,136 $ / sqft: $162 low | high Med: $162 On site: 187 low | high Med: 187 | |
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