San Marcos Real Estate Search

San Marcos Multi-Family Properties for Sale

Our website features the best real estate search for multi-family properties available in San Marcos and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest San Marcos Multi-Family Homes for Sale

$325,000
620366 MLS
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.

1103 Hillyer Street Unit A/B, San Marcos

Courtesy of Clark Real Estate Agency
$399,000
603199 MLS
Nestled among trees in this Wonderful duplex by Texas State University. Has back patios on the units with a fenced backyard and front porches. Vinyl wood flooring on both units and lots of other updates in kitchen and baths. This unit stayed rented because of the location. Great neighborhood in Hughson Heights to enjoy walking or riding your bike. Both units have newer A/C units and a newer roof.

318 Craddock Avenue, San Marcos

Courtesy of Coldwell Banker D'Ann Harper,
$1,800,000
605135 MLS
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.

540-566 Crest Circle Drive, San Marcos

Courtesy of Andrew Phillips, Broker
$324,900
1881213 MLS
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!

1026 Haynes, San Marcos

Listing courtesy of Listing Agent: Justin Herbelin (justin@justinherbelin.com) from Listing Office: Anders Pierce Realty.
$359,010
578104 MLS
Rare opportunity to own 1 of 4 duplexes for sale - 8 total units - centrally located in San Marcos and just a half mile walk from the spring fed San Marcos River. PURCHASE 1 OR ALL 4! These duplexes have all been recently renovated including interior an exterior paint, countertops, floors & fixtures + new HVAC and an exterior storage building. All units enjoy a large fenced back yard, very desirable to today's renters, plus off street parking. Easily walk to the San Marcos River, Rio Vista Park, the Square, local eateries & a vibrant night life!

1017/1019 Haynes Street Unit 7, San Marcos

Courtesy of Monica & Company Real Estate
$366,300
578460 MLS
Rare Opportunity to own 1 of 4 duplexes for sale - 8 total units - centrally located in San Marcos and just a half mile walk from the spring fed San Marcos River. PURCHASE 1 OR ALL 4!! These duplexes have all been recently renovated including interior and exterior paint, countertops, floors and fixtures + new HVAC and an exterior storage building. All units enjoy a fenced back yard, very desirable to today's renters, plus off street parking. Easily walk to the San Marcos River, Rio Vista Park, the Square, local eateries and a vibrant night life! Ask about owner occupancy while building equity!! Rent one side and live in the other!

1101/1103 Haynes Street, San Marcos

Courtesy of Monica & Company Real Estate
$354,690
578454 MLS
Rare Opportunity to own 1 of 4 duplexes for sale - 8 total units - centrally located in San Marcos and just a half mile walk from the spring fed San Marcos River. PURCHASE 1 OR ALL 4!! These duplexes have all been recently renovated including interior and exterior paint, countertops, floors, new dishwasher and new roof, new hot water heater and updated fixtures plus a storage building. All units enjoy a large fenced back yard, very desirable to today's renters, plus off street parking. Easily walk to the San Marcos River, Rio Vista Park, the Square, local eateries and a vibrant night life! Ask about owner occupancy while building equity!! Rent one side and live in the other!

1006/1008 Haynes Street Unit 7, San Marcos

Courtesy of Monica & Company Real Estate
$350,280
578451 MLS
Rare Opportunity to own 1 of 4 duplexes for sale - 8 total units - centrally located in San Marcos and just a half mile walk from the spring fed San Marcos River. PURCHASE 1 OR ALL 4!! These duplexes have all been recently renovated including interior and exterior paint, countertops, floors and fixtures. All units enjoy a large fenced back yard, very desirable to today's renters, plus off street parking. Easily walk to the San Marcos River, Rio Vista Park, the Square, local eateries and a vibrant night life! Most units are leased through 2025. Ask about owner occupancy while building equity!! Rent one side and live in the other!

1005/1007 Haynes Street Unit 7, San Marcos

Courtesy of Monica & Company Real Estate
$939,000
576249 MLS
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 at $895 - 1009 Hiilyer leased through 6/2026 at $1,850 - 1001 Hillyer leased through 6/2026 at $2,200 - 1000 Advance (main home) leased through 12/2025 at $1,900.

1000 Advance Street, San Marcos

Courtesy of Keller Williams Realty- Hays C
$324,900
576121 MLS
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!

1026 Haynes Street Unit 28, San Marcos

Courtesy of Anders Pierce Realty, LLC
$989,500
570885 MLS
Portfolio Investment Property! 5+Acres With 7 rental incomes Potential to extend, being 2 homes, manufactured home, RV, and a triplex. Just outside of San Marcos with easy access to Hwy 123. County property with mature trees and partially fenced, home is six years old, and triplex four years old. Both have metal roofs, slab foundation, and all siding surrounding. Triplex are 1,050 sqft each, 2 bedrooms, 2 bath, living area, kitchen, and laundry room. Front home is a 2 bedroom, 1 bath, kitchen, living room, and dining room, title floor, central AC unit, washer and dryer connections as well. Second home is a 3 bedroom, 2 and half restroom, four-year-old home on slab foundation, central AC unit. Manufactured home is a 3-bedroom, 2 bathroom and RV is a 2 bed, expandable sofa seat fully remodeled. Come look at this commercial opportunity to add to your portfolio and make more income, potential to expanded.

414 Henk Lane, San Marcos

Courtesy of Century 21 Integra
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