Courtesy: Compass RE Texas, LLC
512-575-3644
Investor opportunity in the heart of San Marcos! This well-located duplex offers strong rental appeal and a proven income history just minutes from Texas State University, major shopping centers, healthcare services, and public transportation. Each side of the property features a spacious 2-bedroom, 2-bathroom layout with a 1-car garage and covered outdoor living space, making it highly attractive to long-term tenants. The functional floor plans provide privacy and comfort, while the outdoor areas add desirable space for relaxing or entertaining. Recent improvements include new AC systems, newer hot water heaters, and new fencing, helping reduce near-term maintenance costs for the next owner. The property also boasts a solid rental history, offering investors confidence in its consistent performance. Whether you're looking to expand your rental portfolio or secure a well-positioned income property in a growing college town, this duplex combines location, stability, and value in one compelling investment.
Courtesy: Real Estate Services of Austin
512-917-7368
Each side is a cute 2/2 with stained concrete floors. Roof put on in October of 2024. Granite and stainless appliances in the kitchens. Baths updated within last 7 years. Each side has a 1-car garage. Fully rented with long-term tenants. Priced below Hay County tax value, so taxes would go down even more. Great investment opportunity or live in one side and rent the other!
Courtesy: Keller Williams Advantage
254-751-7900
Are you looking for your next investment or for a property that will pay for itself? This may be the property that you are looking for! Multifamily residential. It features two units: one 2-bedroom/1-bath and one 1-bedroom/1-bath, offering a great opportunity for either an investor or a buyer. Fully leased and great income producing property. Great opportunity for investor or buyer. Live in one side and make income off of the other unit or rent both units! Great proximity to IH35, near rivers, Texas State, Shops, restaurants, hospitals and more. There is potential to purchase 5 other duplexes
Courtesy: Land Up Realty & Investments
512-856-6653
Cash Flow! 5,600 in gross rents. Two Duplexes! Each unit has 3 bedrooms and 3 bathrooms with detached washer and dryer areas. Downstairs has full size and up stairs has stackable. No carpet in any of the units. Tile and vinyl wood floors. Hardy plank siding. Newer appliances and water heaters. HVAC's in great shape. Plenty of parking. Water and electric are all separate. Three of the 4 tenants have renewed for another year. Three have been there 2 years+. Each duplex is on its own lot and must be sold together. Perfect for one investor or two that want to go in together. Must close both properties at the same time. Amazing location-walking distance to Walmart, Gas Station and Blanco River park. Close to major retail centers. Easy access to I-35. Best part of all...Seller financing is available!
Courtesy: Keller Williams Realty
512-448-4111
Duplex for Sale Near Texas State University - House Hack Opportunity - Income-Producing Property - Student Housing Investment - San Marcos TX Prime investment opportunity just minutes from Texas State University, Downtown San Marcos, and the San Marcos River! This income-producing duplex at 1018 Mead St offers the perfect setup for investors, parents of incoming Texas State students, or buyers looking to house hack and build long-term wealth. Unit A (3 bed / 2 bath) is currently occupied, providing immediate rental income. Unit B is about 468 sq ft studio and is vacant — ready for an owner-occupant, student, or new tenant. Live in one side and let the other help cover your mortgage, or lease both units for strong rental potential in a high-demand student market. Located near Hopkins Street and I-35 with quick access to campus, The Square in Downtown San Marcos, H-E-B, Target, Sewell Park, Rio Vista Park, restaurants, coffee shops, and entertainment. Easy commute to Austin or New Braunfels. This property features a large fenced backyard, two designated outdoor parking spaces for the studio, and strong rental appeal due to its proximity to Texas State University. Ideal for: • Parents wanting to invest instead of paying dorm costs • First-time investors seeking a cash-flow opportunity • Buyers looking to house hack and reduce living expenses • Long-term hold investors in a growing college market With Texas State enrollment continuing to grow and rental demand remaining strong, opportunities like this — with one unit already producing income and one vacant for flexibility — are rare. Whether you're buying for your student this fall or looking to expand your investment portfolio, this duplex offers location, flexibility, and income potential. Schedule your showing today — properties this close to Texas State don’t last long.
Courtesy: Andrew Phillips, Broker
830-237-5356
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.
Courtesy: Land Up Realty & Investments
512-856-6653
CASH FLOW! Student rental in San Marcos TX. Texas State University had its highest enrollment of 45,000+ students and growing each year! Properties like this duplex are in high demand. This duplex features 3 bedrooms and 3.5 bathrooms with washer dryer and fenced in yard on each side. Also each unit has a large 2 car garage. Hardie plank siding and vinyl hardwood floors help for low maintenance. Located on the university bus route. Currently vacant but owner is willing to lease it if needed. Great for an owner occupant who wants a lower mortgage or an investment in a booming university town. Previous rents were 1875 per side. Best price on the street! Make an offer!
Courtesy: Spyglass Realty
512-759-0889
Located in the heart of the prestigious San Marcos Historic District, 908 W. Hopkins is a beautifully restored 1898 Victorian offering a rare blend of historic charm, modern updates, and income potential. This 1,898 sq ft multi-family property has been thoughtfully renovated from top to bottom while preserving its original character and timeless appeal. The home has been updated with new plumbing and electrical systems, fresh interior and exterior paint, refinished original wood floors, and updated kitchen cabinetry, providing peace of mind and modern functionality. Classic Victorian details remain intact, creating a warm and inviting atmosphere throughout. The residence is divided into two separate units, making it ideal for an owner-occupant who wants to live in one unit while renting the other, or for an investor seeking a proven income-producing property. The property has a strong rental history with consistent demand due to its prime location. Situated within walking distance to Texas State University, the San Marcos River, and downtown San Marcos, the location offers exceptional convenience and lifestyle appeal with easy access to dining, shopping, entertainment, and outdoor recreation. The oversized 0.4-acre lot is a rare find in this area and includes a large Quonset hut storage building, ideal for additional storage, workshop space, or creative use. A rear alley driveway provides convenient access and added flexibility. Tenant occupied. Minimum 24-hour notice required for all showings. Please remove shoes before entering Unit A. A truly unique opportunity to own a historic Victorian on a large lot in one of San Marcos’ most desirable and walkable neighborhoods.
Courtesy: Luisa Mauro Real Estate
512-220-0565
Two two neighboring brand-new buildings located off Aquarena Springs Drive within ½ of I-35 to get to Austin or San Antonio in less than an hour in either direction and being with ½ mile of Texas State provides easy access to amenities, entertainment, shopping, and work opportunities. Each ultra-modern unit has a thoughtfully designed floor plan consisting of two bedrooms plus a study with three bathrooms and two living rooms. There are front and rear facing balconies offering exceptional views which fill these units with amazing natural light. Within the unit, you’ll find wood floors, stainless steel appliances and two car garages. The developer intended these units to be leased or purchased by young families, professors, and/or young professionals, so the finishes are beyond what you would typically find. These new condominium townhomes will allow for less maintenance compared to older properties. With these brand new units, you won’t have to worry about major repairs or as everything is in good condition. These buildings are designed with energy-efficient features, such as insulated windows and high-quality insulation. This leads to lower utility bills and a reduced carbon footprint. Buying these brand new condominium townhomes comes with the warranties and guarantees on the construction, appliances, and fittings. These new condominium townhomes units will appreciate in value over time, especially since they are located in such a desirable area and the surrounding neighborhood undergoes positive redevelopment. The ability to add two Accessory Dwelling Units where the developer already has the 12’ x 24’ foundation
Courtesy: All City Real Estate Ltd. Co
866-277-6005
Here’s a great opportunity to own a well-designed duplex with two spacious units, each offering 3 bedrooms, 3.5 bathrooms, and a 2-car garage. The layout in both units features open concept living and kitchen areas that create a comfortable space for everyday living or entertaining. Each side also includes a dedicated in-unit laundry room and driveway parking in addition to the garage. There is no carpet throughout the property, with durable vinyl plank flooring and tile that make maintenance easy. One of the units has been recently refreshed with new flooring and fresh interior paint, giving it a clean and updated feel. Step outside to private backyards with mature trees that provide shade and a pleasant outdoor space to relax. The property is located near the university shuttle and is about a one mile walk to Texas State University, making it an appealing option for students and long term renters alike. With no HOA, functional layouts, and a strong location near campus, this duplex offers flexibility for investors or owners looking to live in one side and rent the other.
Courtesy: Commercial Industrial Properti
512-682-1000
Versatile Hill Country Investment Property with Dual Income & Expansion Potential 110 Roadrunner Rd, San Marcos, TX 78666 This +/-3.5-acre multi-unit property offers a rare opportunity to secure immediate income with future upside in the scenic Hill Country near San Marcos. Located just minutes from downtown, Texas State University, and the San Marcos River, it delivers peaceful surroundings with high rental demand and proximity to area amenities. Currently Leased Units with Income Listed as a “Duplex” in MLS for input purposes only — this property consists of two detached homes with separate layouts and utilities. • Unit A: +/-930 SF 3BR/1BA with solar panels, propane generator, septic, and private well—fully self-sufficient and leased. • Unit B: +/-703 SF 2BR/1BA with large covered porch and in-unit laundry, also leased. • Each unit has its own storage shed (8'x10' and 10'x12'). Investment Highlights • Monthly Gross Rent: $2,550 ($1,175 + $1,375) • Estimated NOI aligns with investor benchmarks and recent comps. • Both homes are leased, generating immediate cash flow. • Pricing reflects a balance between income performance and market value, offering flexibility to both investors and owner-occupants. Expansion Opportunity • Cleared land with RV hookups. • Ideal for adding 1–2 more homes or income-producing units to boost returns. Whether you’re growing a portfolio or seeking a hybrid live-and-lease setup, this property offers location, versatility, and value in one of the most accessible Hill Country corridors between Austin and San Antonio.
Courtesy: The Nav Agency
512-640-2242
Unit 905 Leased Until 07/22/2027!! Excellent investment opportunity just one mile from Texas State University! This well-maintained duplex features 3 bedrooms and 3.5 baths per side, each with a two-car garage and wide driveway providing additional parking. Both units are currently leased at $1,950 per side ($3,900 total), among the highest rent rates on Sagewood Trail. The property has a consistent rental history with a strong tenant demand year after year. Each side includes a small private backyard and convenient access to the Texas State shuttle, located within walking distance, and just minutes from campus. Both units are leased through July 2026, offering immediate rental income. Whether you're a seasoned investor or just getting started, this is a fantastic opportunity to own a strong rental property in a prime location close to campus, shopping, dining, and public transportation.
Courtesy: REKonnection, LLC
972-914-0989
Looking to invest in a property with steady rental income and great potential for appreciation? This charming duplex conveniently located near Texas State University in San Marcos. Situated just moments away from the university with easy access to campus amenities, making it an ideal choice for students seeking convenient accommodation. Each unit features an open kitchen and living room layout on the ground floor, maximizing space and providing a welcoming atmosphere for tenants. Upstairs, three spacious bedrooms and two bathrooms offer comfortable living spaces for residents, ensuring privacy and convenience. Both units come equipped with essential appliances, including full-size washer, dryer, refrigerator, dishwasher, and stove-oven, enhancing the overall appeal and functionality of the property. The entire duplex boasts waterproof vinyl flooring, minimizing maintenance hassles and ensuring long-term durability. Parking is made convenient with a covered garage and ample driveway space, enhancing the property's attractiveness and value. Positioned in a sought-after area with close proximity to entertainment venues and shopping destinations, this duplex offers promising potential for future appreciation and long-term investment growth. Don't let this lucrative investment opportunity slip away! Whether you're a seasoned investor or a first-time buyer looking to capitalize on the rental market, this duplex near Texas State University promises exceptional value and income potential.
Courtesy: eXp Realty
888-519-7431
This expansive 10+ acre property includes multiple residences and a workshop. House and rooms are labeled on top right of the pictures. ---- Main Home (3424 B): The primary residence features two living areas, a formal dining room, a breakfast nook, a sunroom, and a covered patio. Additional highlights include a spacious three-car garage, three bedrooms, two bathrooms, and an office/flex space. ---- House C (located directly behind the main home): This home offers a covered patio, a large living area, a shared kitchen and dining space with a small laundry space. It includes three bedrooms and two bathrooms. ---- House D (newest home, located on the far right side of the property): Designed with a welcoming foyer, this home opens into a centrally located living room. It also features a dining area, kitchen, laundry room with access to a two-car garage, and a covered patio. The layout includes three bedrooms, three full bathrooms, and one half bath. ---- Workshop: A versatile two-room workshop with its own covered patio. The asphalt slab has an RV connection with water, power and septic to support 2 RVs. ---- Property notes: Each home has it's own fiber internet line, and the back 8 acres are under AG exemption. ---- Appliances: Dishwasher, Free-Standing Gas Range, Gas Water Heater, Microwave, Stainless Steel Appliance(s) All appliances are electric. Water/Heating/AC is electric as well, with option to move to gas but not currently using gas
Courtesy: Anders Pierce Realty
830-214-6002
Short-term rental capable duplex with a proven performance record in both short and long-term rental income! 3/1 side on month to month and 2/1 leased through end of July '26. Recently renovated and close to all the things that make San Marcos great; San Marcos River, Vista park, the downtown playscape and beyond. Central location boasts large, fully-fenced backyards with cross-fence between units and shaded by mature tree canopies. Begin or diversify your portfolio with this entry to the Texas State University area rental market. Enjoy increasing rents and owning in one of the fastest growing areas of the state!
Courtesy: Anders Pierce Realty, LLC
830-214-6002
Short-term rental capable duplex with a proven performance record in both short and long-term rental income! 3/1 side on month to month and 2/1 leased through end of July ’26. Recently renovated and close to all the things that make San Marcos great; San Marcos River, Vista park, the downtown playscape and beyond. Central location boasts large, fully-fenced backyards with cross-fence between units and shaded by mature tree canopies. Begin or diversify your portfolio with this entry to the Texas State University area rental market. Enjoy increasing rents and owning in one of the fastest growing areas of the state!
Courtesy: Keller Williams Realty
512-448-4111
Fascinating and unique property in San Marcos could be all yours! 4 lots with 3 homes + efficiency apartment offers tons of potential and opportunity. Fourth lot has recently been cleared off further as well. Currently zoned SF6 (single family), but could request rezoning. In-ground pool needs some TLC and you'll have your own oasis. Main home offers a sprawling floor plan with 3 bedrooms, 2 full baths and multiple storage and flex areas. All three secondary units have had refreshed finishes and are all leased. Front deck of the main home offers stellar views. All units currently leased! Investor special with great rental and further development potential! Efficiency apartment leased month-to-month @ $895 - 1009 Hiilyer leased through 6/2026 @ $1,850 - 1001 Hillyer leased through 6/2026 @ $2,200 - 1000 Advance (main home) leased through 12/2025 @ $1,900.
Courtesy: Monica & Company Real Estate
512-667-9129
Rare opportunity to own 3 cash flowing duplexes in the heart of San Marcos, TX! Current rent roll $8,330 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. 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.
Courtesy: Keller Williams Realty
512-346-3550
This in an incredible opportunity to become the proud owner of custom-built duplex in this beautiful historic neighborhood in downtown San Marcos. The two residences are in good condition. This beautiful and spacious 2 story duplex has natural light, large yards with built-in decks, and is located just minutes from downtown San Marcos for convenience to restaurants, shopping, and the university and river! Each unit has an open kitchen and living area, 2 roomy bedrooms each with it's own ensuite bath, plus half bah downstairs for guests. This home is perfect for investors or homebuyer looking to live on one side and rent the other side out!
Courtesy: Monica & Company Real Estate
512-667-9129
4 Single Family homes nestled in the coveted Westover neighborhood in San Marcos, TX. All properties are adjacent and occupy the corner of nearly an entire quarter "block" making this an exceptional investment opportunity with potential future infill development. Less than one mile to Prospect Park Trailhead for Purgatory Creek Nature Area, two blocks 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. 1007 and 1011 Earle St have been updated with fresh paint and hardware in 2023. Total rents currently bring in $6100/mo with another $400 accessible with incremental improvements to 1015 Earle and 1107 Furman.
San Marcos is located in Texas. San Marcos, Texas has a population of 64,812. San Marcos is less family-centric than the surrounding county with 21.87% of the households containing married families with children. The county average for households married with children is 36.07%.
The median household income in San Marcos, Texas is $42,500. The median household income for the surrounding county is $71,061 compared to the national median of $69,021. The median age of people living in San Marcos is 24.9 years.
The average high temperature in July is 94.3 degrees, with an average low temperature in January of 39.1 degrees. The average rainfall is approximately 35.2 inches per year, with 0.1 inches of snow per year.
