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540-566 Crest Circle Dr

San Marcos, TX, 78666

Active

$1,800,000

Asking sale price

Listed by Andrew Phillips, Broker · Andrew Phillips

Listing attribution contact: (830) 237-5356

MLS #4692656 · Active

Listings courtesy of Unlock MLS as distributed by MLS GRID.

Data obtained . Listing modified .

Photos are not available.

Check with the listing team for current property images.

0 listing photos in this listing update.

0Bedrooms

0Bathrooms

2012Year built

See RemarksProperty type

THE HOME, IN THE LISTING AGENT’S WORDS

A closer look.

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.

THE DETAILS THAT SHAPE YOUR DAY

Reported property facts

Property type
Residential Income
Property subtype
See Remarks
Bedrooms
0
Bathrooms
0
Living area
11,136 (units not reported)
Lot acres
5.19
Year built
2012
Garage spaces
12

Schools reported in the listing

  • High schoolNavarro
  • Middle schoolNavarro
  • DistrictNavarro ISD
  • ElementaryNavarro

Verify assignment with the relevant district for the exact address, program and school year. These source-reported names are not ratings or an enrollment guarantee.

Features & finishes

lot

Level · Subdivided

view

Neighborhood · Rural

patio

None

sewer

Aerobic Septic

fencing

Back Yard

parking

See Remarks

community

None

utilities

See Remarks

appliances

See Remarks

waterfront

None

construction

Brick · HardiPlank Type

LOOK BELOW THE LISTING

A place has layers.
Start with the evidence.

Check mapped flood zones and regional geology, then turn the findings into better questions before you buy. Each source describes a different part of the picture.

540-566 Crest Circle Dr

Uses the listing’s reported coordinates, which may be approximate.

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TAKE THE NEXT STEP

See how this home fits your life.

Ask about current availability, arrange a showing, or talk through the details with our local team.

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Listing source and permitted use

Presented by Austin Local Team · All City Real Estate, ltd. Co. · (512) 710-0337

Listings courtesy of Unlock MLS as distributed by MLS GRID.

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Based on information submitted to the MLS GRID as of Sep 15, 2026, 12:50 AM Central. 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.

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