For Sale

Listed by Andrew Phillips from Andrew Phillips, Broker

Source: Austin Board of REALTORS #4692656

540 Crest Circle Drive, San Marcos, TX, 78666

$1,800,000

12
11136 sq. ft.
226076.4 sq. ft.

Other

30+ days on the market

What's around 540 Crest Circle Drive

About this property

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.

Looking for more information on 540 Crest Circle Drive?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

Pending
$235,000
417 Birmensdorf Drive
San Marcos TX 78666
4
2
4
Other
For Sale
$475,000
3/1311 Belvin Street
San Marcos TX 78666
5
3
2
Other
Listing courtesy of All City Real Estate Ltd. Co
For Sale

Other properties for sale by Andrew Phillips, Broker

For Sale
$265,000
263 Rush Haven
San Marcos TX 78666
3
3
2
Single-Family
Listing courtesy of Andrew Phillips, Broker
Pending
$31,500
000 Old Martindale Road
San Marcos TX 78666
Land
Listing courtesy of Andrew Phillips, Broker
Pending
$219,900
113 South 41st Street
Temple TX 76504
Duplex
Listing courtesy of Andrew Phillips, Broker

Browse properties sold in nearby areas

Based on information submitted to the MLS GRID as of 21 Feb 2026. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent