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540-566 Crest Circle Drive

San Marcos, TX 78666
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Bed 0

Bed

Bath 0

Bath

SqFt11,136

Sqft

Acres5.19

Acres(Lot)

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 rent al 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,800,000

AD Id : 75599609

MLS Id : 4692656

Lot Size : 5.19 Acres

Living Area Size : 11,136

Year Built : 2012

Garage : 12

County : Guadalupe

Subdivision: Silver Shores

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Feature Features

  • Interior Features

    Appliances: SeeRemarks

  • Building Information

    Year Built: 2012
    Construction Materials: Brick, HardiplankType
    Private Pool: No
    Water front Features: None
    View: Neighborhood, Rural

  • Lot Information

    Main Square Feet: 5.19 Lot Size Acres: 5.19 Lot Description: Level,Subdivided

    Property Information

    Subdivision: Southridge Estates Ph #3 Source Property Type: ResidentialIncome Property SubType: Other Property Age: 14

  • Listing Price Information

    Listing Price: $1800000
    Cash, Conventional

  • Tax Information

    Parcel Number: 1G3120300000300000 Tax Lot: 1, 2, & 3 Tax Year: 2025 Annual Tax: $34322 Tax Legal Desc: SOUTHRIDGE ESTATES PH #3 LOT 3 1.73 AC, SOUTHRIDGE ESTATES PH #3 LOT 2 1.73, AC, SOUTHRIDGE ESTATES PH #3 LOT 1 1.73 AC

  • School Information

    Elementary School: Navarro Junior High School: Navarro Senior High School: Navarro
  • Utility Information

    SeeRemarks
  • Location Information

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

Address Estimate Bed Bath Sq. Ft Lot Size
237 Escondido Circle, San Marcos, TX, 78666 $320,000 4 3 2,022 2,022 SqFt
340 Sonterra Dr, San Marcos, TX, 78666 $289,999 3 2 1,416 1,416 SqFt
340 Sonterra Drive, San Marcos, TX, 78666 $289,999 3 2 1,416 1,416 SqFt
304 Sonterra Dr, San Marcos, TX, 78666 $370,000 4 3 1,969 1,969 SqFt
115 Vintage Drive, San Marcos, TX, 78666 $339,000 4 3 2,024 2,024 SqFt
111 Vintage Drive, San Marcos, TX, 78666 $339,000 4 3 1,969 1,969 SqFt
416 Golden Grove Parkway, San Marcos, TX, 78666 $334,000 4 3 2,022 2,022 SqFt
117 Winged Foot Court, San Marcos, TX, 78666 $329,000 4 3 2,150 2,150 SqFt
141 Medinah Lane, San Marcos, TX, 78666 $320,000 4 2 1,871 1,871 SqFt
109 Seminole Drive, San Marcos, TX, 78666 $319,000 3 3 2,072 2,072 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/10/2026 @ 06:13

MLS: 4692656 LISTED BY: Andrew Phillips, Andrew Phillips, Broker 830-237-5356 SOURCE: ACTRIS

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