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.
Listing Provided Courtesy of Andrew Phillips, Broker
Property Details
Price:
$1,800,000
MLS #:
4692656
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
See Remarks
Subdivision:
Southridge Estates Ph #3
Listed Date:
Feb 24, 2026
Finished Sq Ft:
11,136
Lot Size:
226,076 sqft / 5.19 acres (approx)
Year Built:
2012
See this Listing
Schools
School District:
Navarro ISD
Elementary School:
Navarro
Middle School:
Navarro
High School:
Navarro
Interior
Appliances
See Remarks
Exterior
Community Features
None
Covered Spaces
12
Fencing
Back Yard
Garage Spaces
12
Lot Features
Level, Subdivided
Other Structures
None
Parking Features
See Remarks
Patio And Porch Features
None
View
Neighborhood, Rural
Waterfront Features
None
Financial
Taxes
$34,322
Map
Community
- Address540-566 Crest Circle DR San Marcos TX
- SubdivisionSouthridge Estates Ph #3
- CitySan Marcos
- CountyGuadalupe
- Zip Code78666
Subdivisions in San Marcos
- 1913 Dutton Dr Condominium
- 1913 Dutton Drive Office Condo
- A F Weatherford #1
- A F Weatherford #2
- A G Coers Ii Lot 1 Duplex Geo#33092074
- A M Ramsay
- A0017-2 JUAN M VERAMENDI SURVEY #2
- A0084 – ELIJAH CLARK SURVEY
- A0509 – L S Yeates Surv
- A0606 – A0606 – Joseph C Stevenson Survey
- A173 THOMAS H W FORSITH SURVEY, ACRES 4.00
- Alto
- ANTONIO & MARIA ESNANRIZAR SURVEY
- B & G FULCHER
- B & G Fulcher Surv A-21
- B W Breeding Add
- Bent Tree Condos
- Birmensdorf Farms
- Bishop Crossing Sec 2
- Bishop Crossing Sub Sec 1
- Blanco Gardens
- Blanco Gardens South
- Blanco River Village Condo
- Blanco River Village For Greenway
- Blanco River Village No2 Condo
- Blanco River Village Sec 01
- Blanco River Village Sec One
- Blanco Vista
- Blanco Vista Ph 1-A
- Blanco Vista Ph 3 Sec 1
- Blanco Vista Tr A
- Blanco Vista Tr C Ph 1
- Blanco Vista Tr D
- Blanco Vista Tr E-1
- Blanco Vista Tr E-2
- Blanco Vista Tr E-3
- Blanco Vista Tr G-H
- Blanco Vista Tr I Sec A & School Tr
- Blanco Vista Tr K-1
- Blanco Vista Tr M-1
- Blanco Vista Tr N
- Bracewood Sub
- Briarwood
- Bridle Wood Ranches
- Bridle Wood Ranches Sec 2
- BROOKHOLLOW CLUB ESTATES
- Brown Sub
- C-SH21-AIR
- Carroll & Hofheinz
- Castle Forest
- Castle Forest Sec 2A
- Center Point Court
- Charles Henderson
- Charles Henderson Surv #55 Abs
- Chimney Place
- Chimney Place Ii
- City View
- College Courts
- Commercial
- CONWAY ADDITION SEC IV BLOCK
- Cottonwood Creek
- Cottonwood Creek Ph 1 Sec 1-B
- Cottonwood Creek Ph 1 Sec 1D
- Cottonwood Creek Ph 1 Sec 3
- Cottonwood Creek Ph 1 Sec 4
- Cottonwood Creek Ph 3 Unit 2
- Cottonwood Creek Ph 3 Unit 4
- Cottonwood Creek Ph 3 Unit 5
- Cottonwood Creek Ph 3 Unit 7
- Cottonwood Crk Ph 4 Un 1
- Country Estates Iv
- Cyrus Wickson Survey
- D P Hopkins
- D P Hopkins Ii
- Dan McKie Add 1
- Dan Mckie II
- Deerwood Estates
- Document No. 26009442
- Eaglepoint Sub
- El Camino Real Ph 01 Sec 02
- El Camino Real Ph 1 Sec 2
- El Camino Real Ph 1 Sec 3A
- El Camino Real Ph 1 Sec 3C
- El Camino Real Ph 2 Sec 3
- ELIJAH CLARK
- ENCHANTED RANCH
- Fairlawn Add
- Falcon-Wood
- Falconwood
- Farm Lt
- Feltner Add
- Fox Ridge Ph 1
- G A McNaughton 1st Add
- Garden At Willow Creek
- Glenn Price
- Greendale Add Unit 1
- Guerrero
- Hampton Woods
- Harle & Hofheiz
- High Branch
- Highlands East
- Hills Of Hays Ph 1
- Holland Park Sub
- Hughson Heights
- Hughson Heights 02
- Hughson Heights I
- Hughson Heights Ii
- Hughson Heights Sec 03 C
- Hughson Heights Sec 3
- Hughson Heights Sec 3-B
- Hughson Heights Sec 3-C
- Hunters Hill Sub Sec 2
- J H Combs Add Sec 1
- J M Stone
- J M Stone Add
- J M Veramendi
- JM STONE
- John Frederick Geister
- juan m veramendi
- Juan M Veramendi Surv #2
- JUAN M VERAMENDI SURVEY #2
- Kissing Tree
- Kissing Tree 55+
- Kissing Tree Cottages Condo
- Kissing Tree Villas Condo
- Kutscher Ranch Estates
- La Cima
- La Cima Ph 2 Sec A
- La Cima Ph 2 Sec B
- La Cima Ph 3 Sec A
- La Cima Ph 3 Sec B
- La Cima Ph I Sec 1
- La Cima Ph I Sec 2
- Lime Kiln Acres
- Lindsey & Harvey Add
- Lindsey & Harvey Addn
- Lost River Ranches
- Majestic Estates Sec 1
- Maple Creek Condos
- McCarty Ranch Ph One
- Mill – Mill St Area-Residentia-Mill
- MILLBROOK PARK
- Millbrook Park Ph 2
- Mills Sub
- Morningwood Sec 03
- Morningwood Sec 3
- N L Camp Add
- Oak Heights
- Oak Knoll
- Oak Meadows
- Oak Ridge Estates
- Oakwood Hills Unrec
- Old Post Road Add
- Original Town Of San Marcos
- Park Add
- Park Court at Willowcreek
- Park North Condos
- Parker Sub
- Paso Robles Ph 2B
- Paso Robles Ph 4B-2
- Paso Robles Ph 8A
- Pecan Creek Condo
- Persimmons Creek
- Pinnacle at Cottonwood Creek
- Presa Grande
- Prestage Sub
- Quarry Spgs Sec 1
- Quarry Spgs Sec 2
- Rancho Encino Ph I
- Rancho Ladera
- Rancho Vista
- Rattler Ridge
- Richards Ranch Estates
- Ridge At Stonecliff
- Rio Vista
- Rio Vista Terrace
- Rio Vista Terrace #3
- River Bridge Ranch
- River Hills
- River Hills #2
- Riverside #1
- Rocky Ranch Acres Sec 1
- RURAL NBHD GEO REGION
- s0497- Bishop Crossing Subdivision Sec 1
- S2895 – FARM LOT
- S8578 – Tabor Add
- S9405 – West End Condos
- Saucedo Sub
- Shypenn 1 Sub
- Sky Ridge
- Skyline
- Skyline Ranch
- Southridge Estates Ph #3
- Spring Lake Hills
- Spring Lake Hills #4
- Spring Lake Hills Estates #2
- SUBURBAN OAKS EST
- Suburban Oaks Estate
- Suburban Oaks Estates
- Summer Mountain Ranch Sec 1
- Summer Mountain Ranch Sec 2
- Sunset Acres
- Sunset Oaks
- Sunset Oaks Sec 1 Ph 2
- Sunset Oaks Sec 4 Ph 1B
- Sunset Oaks Sec 4 Ph 3A
- T J Mostyn
- TBD
- Tejas Retreat
- The Blanco River Ranch
- The Countryside
- The Crossing Condos
- The Highlands Sec A
- The Highlands Sec B
- The Highlands Sec C
- The Park At Willow Creek
- The Woodlands
- THOMAS J CHAMBERS SURVEY
- TJ Chambers Surv 04 ABS 02
- Trace
- Trace Sub Pa 13 Sec E
- Trace Sub Pa 1a Sec B
- Trace Sub Pa 1A Sec C
- Trace Sub Pa 1B Sec B
- Trace Sub Pa 1B Sec C
- Trace Sub Pa 2A Sec B
- Trace Sub Pa 2B Sec C
- Trace Sub Pa 2B Sec D
- Trace Sub Pa 2c Sec B
- Trace Sub Pa 6A Sec D
- Trace Sub Sec A Pa 1A Ph A-2
- Trace Sub Sec A Pa 2a Ph A
- Trace Sub Sec A Pa 2b Ph A
- Trace Sub Sec A, Pa 1A Ph A-1
- Trails End Ranch
- Turkey Hollow
- Valley View Sub
- Vantage
- Veramend
- Victory Gardens First Sec
- Village At Springtown Condos
- Vision Park
- West End
- West End Condos
- Westover
- WHISPER
- Whisper 50’s
- Whisper Mixed Use Sub Ph 1A
- Whisper Mixed Use Sub Ph 1B
- Whisper Mixed Use Sub Ph 2
- Whisper South
- Whisper South-Unit 1 Sub
- William Ward
- Willow Creek 4
- Willow Creek Estates Sec 12
- Wm Oelkers
- wonder world East
- Z Williamson #2
- Z Williamson #3
Market Summary
Current real estate data for Multi Family in San Marcos as of Nov 04, 2026
17
Multi Family Listed
194
Avg DOM
155
Avg $ / SqFt
$656,859
Avg List Price
Property Summary
- Located in the Southridge Estates Ph #3 subdivision, 540-566 Crest Circle DR San Marcos TX is a Multi Family for sale in San Marcos, TX, 78666. It is listed for $1,800,000 To schedule a showing of MLS#4692656 at 540-566 Crest Circle DR in San Marcos, TX, contact your Stripe Realty agent at 512-439-2122.
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