540-566 Crest Circle, San Marcos, Texas

$1,800,000
Active
540-566 Crest Circle, San Marcos, Texas
540-566 Crest Circle, San Marcos, Texas
540-566 Crest Circle, San Marcos, Texas
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Property Details

MLS ID: 4692656
Status: Active
Price: $1,800,000
Acres: 5.19±
Type: Residential
Address: 540-566 Crest Circle
City, State: San Marcos, TX
County: Guadalupe County
ZIP Code: 78666
Lat/Long: 29.78818, -97.95892
Parcel Number: 1 G3120300000300000
SqFt: 11,136
Year Built: 2012

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.

Directions: Take I-35 S and Center Point Rd to Pauls Dr, turn left on Crest Drive Circle.

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Stephanie Reutzel

Stephanie Reutzel

Capitol Ranch Real Estate, LLC

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© 2026 Austin Board of REALTORS® Based on information submitted to the MLS GRID as of March 4, 2026 at 12:00:00 AM UTC. 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.

Listed By: Andrew Phillips of Andrew Phillips, Broker - (830) 237-5356