1 / 306-Unit Multifamily in San Marcos, TX
Hays County, TX · listed Jan 28, 2025 (638 days)
- $/unit
- $158,333
- ▲ 58% vs TX · 77th pct
- Cap rate
- 5.3%
- ▼ 2.1 pts vs TX median
- NOI
- $50K
- $8,338/unit/yr
- Units
- 6
- 3 bldg · 1999
Financials
- Asking price
- $950,000
- Price per unit
- $158,333
- Price per sq ft
- $144
- Gross rent / year
- Not stated
- Net operating income
- $50,025
- NOI per unit
- $8,338
- Cap rate
- 5.3%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- 2 very spacious 3-bedroom, 3-bathroom units
- Buildings
- 3
- Year built
- 1999
- Building size
- 6,600 sq ft
- Avg unit size
- 1,100 sq ft
- Lot size
- 0.75 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jan 28, 2025
- Days on market
- 638 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1484
About this property
Rare opportunity to own 3 cash flowing duplexes in the heart of San Marcos, TX! Current rent roll $8,080 with potential total rents $9,460. Each property features 2 very spacious 3-bedroom, 3-bathroom units, totaling six units across the portfolio with 4 of the six units having a fenced in yard. All utilities are separately metered. Less than one mile to Prospect Park Trailhead for Purgatory Creek Nature Area, half a mile from Crockett Elementary and conveniently located near shopping/dining/entertainment making the homes very appealing to renters who want to easily enjoy everything the neighborhood and city has to offer.
3 Duplexes on 3 Separate Lots allow for flexible financing
Highlights
All utilities are individually metered and paid by tenants.
Windows, roof, parking lot, foundation leveling and 3 HVAC replacements were performed in prior to current ownership (2019).
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 San Marcos, TX | $3.5M | $250K$250K | 4.2% |
 San Marcos, TXNew | $2.24M | $373K$373K | — |
 San Marcos, TXStabilized | $1.29M | $92K$92K | — |
 San Marcos, TXStabilized | $1.8M | $150K$150K | 6.8% |
 Staples, TXNewStabilized | $650K | $108K$108K | — |
 Seguin, TXHigh yield | $409K | $82K$82K | 11.3% |