Courtesy: 3Z Realty
866-999-3349
A 5,249 SF (0.12 acre) infill lot zoned Mixed Use (MU) under the City of San Marcos Land Development Code, located just blocks from downtown San Marcos and Texas State University, home to a record 44,630 students as of fall 2025. The MU district permits small-scale mixed-use buildings with residential units above retail or office space, plus single-family, townhouse, and loft-apartment uses by right. Multifamily uses, including duplex, triplex, and apartment configurations, are allowed within MU but require Planning & Zoning Commission approval of a Conditional Use Permit rather than by-right development; the existing structure's current triplex use may carry legal nonconforming status, which buyers should independently confirm with the City. Property is offered strictly AS-IS with no interior access or showings available, and is best suited for investors or builders comfortable navigating the City's entitlement process. San Marcos has grown from roughly 44,900 residents in 2010 to over 71,500 today, part of the broader Austin-Round Rock-San Marcos MSA, which has grown to nearly 2.5 million residents and remains one of the fastest-growing large metro areas in the country. The lot sits just off a high-visibility corner anchored by the beloved M&M Taco Corner. Buyer to independently verify all zoning, use, CUP requirements, and nonconforming-use status with the City of San Marcos Planning & Development Services Department prior to closing.
Courtesy: Compass RE Texas, LLC
512-241-1300
Fourplex investment opportunity approximately one mile from Texas State University with existing long-term rental income and an active short-term rental. Three of the four units are currently leased, while the fourth is operated as an Airbnb, offering a mix of traditional and short-term rental use in one property. Each unit features a 2-bedroom, 1-bath layout with an open living area, stone fireplace and kitchen with a breakfast bar. Depending on the unit, outdoor spaces include private entrances, balconies, a porch and patio areas, all surrounded by mature trees. Major improvements have already been completed, including a roof approximately two years old, remodeled kitchens and foundation work. Natural stone accents and wood siding give the two-story property plenty of character, while the setting offers views of the surrounding hills and wooded area. Located approximately one mile from Texas State University, 811 Bracewood offers convenient access by bike or car to campus, with downtown San Marcos, dining, shopping and recreation nearby. With four separate units, three existing long-term leases and an established short-term rental setup, this property offers multiple income streams and flexibility for an investor looking to add a multifamily property in San Marcos.
Courtesy: TS Realty
(210) 269-9940
Well-maintained duplex for sale in the sought-after Hughson Heights neighborhood of San Marcos, featuring two identical 3-bedroom, 2.5-bath, two-story units, each with its own 2-car garage. Each side offers an open first-floor layout with living room, dining area, kitchen, and half bath, plus three bedrooms and two full bathrooms upstairs. Fresh paint and durable luxury vinyl plank (LVP) flooring throughout with no carpet. Private shaded backyards (unfenced) add outdoor space. Ideally located about 1 mile from Texas State University for strong student rental demand and campus convenience, near Ringtail Ridge Natural Area trails, local parks, and the San Marcos River, with quick I-35 access putting Austin approximately 30–35 minutes away. Excellent investment property or dual-living opportunity in a high-demand Hays County location near TXST.
Courtesy: Clark Real Estate Agency
512-470-9955
Investment Opportunity – Updated Duplex in a Quiet San Marcos Location. Don't miss this hidden gem in San Marcos, conveniently located near Wonder World Park. This well-maintained duplex features two 2-bedroom, 1-bath units, making it an excellent investment or owner-occupant opportunity. Situated on a private driveway in a quiet, secluded setting, the property has seen numerous recent updates, including a new roof (2025), new exterior paint (2025), and no carpet throughout for easy maintenance. Unit B was extensively remodeled in 2025 and features include Wood-look flooring throughout, Granite kitchen countertops, Updated fixtures, and Fresh interior paint. Unit A is currently available for rent at $1,350 per month, offering immediate income potential or the perfect opportunity for an owner to occupy one unit while renting the other. This unit also features fresh interior paint, wood-look flooring and a welcoming front deck. Whether you're looking to expand your investment portfolio or purchase a home with rental income potential, this move-in-ready duplex offers flexibility, recent updates, and a desirable location in San Marcos. Also next door there duplex lot available for sale.
Courtesy: Coldwell Banker Realty
512-263-5655
Updated 4 plex in the heart of San Marcos. Each unit is a 2/1 with washer and dryer hook ups in each unit. The lower levels have a private fenced in patio. Each unit has a 2 car parking space out front. Easily rented and lots of action for this amazing San Marcos area.
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, Interior Features: Crown Molding, Open Floorplan, Pantry, Workshop, Parking Features: Asphalt, Attached, View: Panoramic, Rural, Water Source: Public, Tax Rate: 1.52, Unit 1Furnished: Unfurnished, Unit 2Furnished: Unfurnished, Unit 3Furnished: Unfurnished
Courtesy: All City Real Estate Ltd. Co
(866) 277-60
24 hour notice required to view Tenant occupied side A ~ GREAT Opportunity!!! Qualifies for FHA, VA & Conventional Lending ~ Side B Vacant. **Home Ownership meets Cash-Flowing Investment** Each side is 2 bed/2 bath with covered parking + gigantic storage rooms. *Many Updates!* Qualifies for FHA, VA or Conventional Lending with Owner Occupant. $15k credit to buyers!!! Please inquire with Listing agent for more questions!
Courtesy: Hart of Texas
940-300-6104
This rare side-by-side duplex at 903-905 Hillyer St offers an outstanding opportunity for investors or owner-occupants in one of San Marcos’ most convenient and desirable neighborhoods. Both units have been beautifully updated with full remodels completed within the last 3 years, including a new roof installed in 2026, new gutters, fresh exterior and interior paint, and modern finishes throughout. The property consists of two 3-bedroom, 2-bathroom units with a large, fully fenced backyard. Unit 905 is currently vacant and move-in ready, allowing a buyer to live in one side immediately while collecting income from the other. Unit 903 is leased through April 30, 2027, providing immediate cash flow and long-term stability. Each unit features open living areas with laminate hardwood-style flooring, updated functional kitchens with pantry space, and full-size washer/dryer connections. The layouts are practical and comfortable, with central HVAC systems and separate utility meters for easy management. The generous backyard offers privacy and plenty of room for pets, entertaining, or outdoor enjoyment, while off-street parking accommodates multiple vehicles. Located less than a mile from Texas State University, this duplex is within walking or biking distance to campus, downtown San Marcos, the San Marcos River, and nearby parks. Residents enjoy quick access to excellent schools, shopping, dining, and outdoor recreation, with commutes of about 15 minutes to New Braunfels and 25 minutes to Austin. Strong rental demand from students, professionals, and families makes this a proven performer with excellent income potential. Whether you’re looking to house-hack, generate reliable rental income, or accommodate multi-generational living, this turnkey duplex delivers versatility, modern updates, and strong value in a high-demand market. Don’t miss this hard-to-find opportunity in San Marcos. Schedule your showing today to experience the property and location firsthand.
Courtesy: Goodwin Partners, Inc.
512-852-7960
Welcome to 921–923 Sagewood Trail — a fantastic duplex opportunity in the heart of San Marcos, TX! Whether you're a savvy investor building your portfolio or an owner-occupant looking to offset your mortgage, this property delivers the perfect blend of location, lifestyle, and value. Each side features 3 spacious bedrooms, 2.5 baths, and a 2-car garage. One unit is currently occupied with a paying tenant — the other side is vacant and ready for you to move right in (or lease immediately for maximum income from day one). All appliances are included, making this a truly turnkey opportunity. Located just minutes from vibrant downtown San Marcos and Texas State University, and only blocks from the university shuttle route, this duplex puts everything your residents need right at their doorstep. Whether your tenant is a grad student, a young professional, or a Bobcat family, demand in this corridor stays strong year-round. Beyond campus, San Marcos offers an unmatched lifestyle: float the legendary San Marcos River, soak up the sun on its banks, and shop 'til you drop at the San Marcos Premium Outlets — one of the largest outlet destinations in the state. Positioned perfectly between Austin and San Antonio, residents enjoy easy access to two of Texas's major metros without the big-city price tag. Don't miss your chance to own in one of Central Texas's most desirable and fastest-growing markets. This one won't last!
Courtesy: eXp Realty, LLC
888-519-7431
Income-producing duplex featuring Units 120 and 122, offering a strong opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Both units have demonstrated consistent rental demand and solid in-place income, creating immediate cash flow from day one, with recent leasing activity positioning the property for continued stability. Situated on a cul-de-sac street with limited through traffic, the setting supports a quieter environment that tends to attract and retain tenants. Conveniently located in San Marcos with easy access to major corridors, shopping, dining, and just steps from a Texas State University bus stop, this property appeals to a wide tenant base and supports long-term rental demand. Several key systems have been addressed in recent years, including HVAC, flooring, and water heater improvements, helping reduce near-term capital expenditure risk for the next owner. Owned by the same family for over 20 years and managed by the same professional company for the past 15 years, the property reflects long-term stability and consistent oversight. This duplex is one of two properties owned by the same seller, offering the opportunity to purchase both and scale your investment on the same street, or acquire individually based on your goals. For more information on financing options available to both owner occupants and investors, contact agent.
Courtesy: Real Estate Services of Austin
512-917-7368
Each side is a cute 2/2. Roof was put on in October of 2024. Baths updated within last 8 years. Each side has a 1-car garage. Side A has stained concrete floors and some updating. Side B has all new flooring everywhere and new cabinets and countertops. 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. Three of the four tenants have renewed for another year! 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! * lot next door also included R181561
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: Luisa Mauro Real Estate
(512) 220-05
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: 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) 667-91
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: Monica & Company Real Estate
(512) 667-91
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.
