Properties

San Marcos, TX 78666 540-566 Crest Circle Dr

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Presented By: Andrew Phillips, Broker;
  • MLS# 4692656
  • 02/24/2026
  • Get pre-approved
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  • SQFT • 11,136
  • Garage • 12

Home Details

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.
Presented By: Andrew Phillips, Broker;

Interior Features for 540-566 Crest Circle Dr

Bedrooms

Total Bedrooms

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records

General for 540-566 Crest Circle Dr

AppliancesSee Remarks
CitySan Marcos
Community FeaturesNone
Construction MaterialsBrick, HardiPlank Type
CountyGuadalupe
DirectionsTake I-35 S and Center Point Rd to Pauls Dr, turn left on Crest Drive Circle.
DisclosuresNone
Elementary SchoolNavarro
Garage Spaces12
HOANo
High SchoolNavarro
Living Area11136
Lot Size Square Feet226076.4
MLS AreaGU
Middle/Junior High SchoolNavarro
New ConstructionNo
Other StructuresNone
Patio/Porch FeaturesNone
Pets AllowedNegotiable
Property ConditionResale
Property SubtypeSee Remarks
Property TypeResidential Income
SewerAerobic Septic
Standard StatusActive
StatusActive
Subdivision NameSouthridge Estates Ph #3
Tax Annual Amount34322
Tax Assessed Value2193300
Tax Year2025
UtilitiesSee Remarks
ViewNeighborhood, Rural
Waterfront FeaturesNone
Year Built2012
Year Built SourcePublic Records

Exterior for 540-566 Crest Circle Dr

Covered Spaces12
FencingBack Yard
Horse Y/NNo
Lot FeaturesLevel, Subdivided
Lot Size Acres5.19
Other EquipmentNone
Parking FeaturesSee Remarks
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Navarro Middle School
High School Navarro High School
Elementary School Navarro Elementary School

Connect Realty

Price $1,800,000
MLS#4692656
List Date 02/24/2026
Property Type Income
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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