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$375,000
5049275 MLS ⋅ 78666 Zip Code
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!

921-923 Sagewood Trl, San Marcos
$4,995,000
7163656 MLS ⋅ 78666 Zip Code
• Scale & Optionality: At ~28 acres near Texas State, the site has strong long-term potential for multifamily or student housing development. The conceptual layout suggests capacity for a large-scale project, though most developers will likely underwrite a reduced density scenario initially. • Infrastructure Considerations: Based on the utility maps, water and wastewater will need to be extended to the site, and the property sits in the San Marcos ETJ. Developers will typically factor those infrastructure costs and entitlement risk into their land basis. • Developer Underwriting: When applying current construction costs, cap rates, and typical land residual assumptions for multifamily in the San Marcos market, most developers will likely build closer to 650–800 units rather than maxing out the 1,000+ units.

175 Eastwood Ln, San Marcos
$464,990
2718239 MLS ⋅ 78666 Zip Code
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.

120-122 Cedargrove Unit 120-122, San Marcos
$228,900
3 Beds ⋅ 3 Baths ⋅ 6588536 MLS ⋅ 78666 Zip Code
Spacious and versatile 3-bedroom, 3-bath condo-style home available in San Marcos, conveniently located near Texas State University and San Marcos Regional Airport, with easy access to New Braunfels. This unique property features two separate living areas and dual private entrances, offering excellent flexibility for a variety of living arrangements. The downstairs area can function as its own private 1-bedroom, 1-bath suite complete with a kitchen, making it ideal for roommates, guests, or extended family. The home also includes a small fenced yard and a 2-car garage, providing both comfort and convenience. With its adaptable layout and prime location, this property is perfect for those seeking privacy, multi-generational living, or even rental income potential.

138 Rush Hvn Unit F073, San Marcos
$689,900
1052425 MLS ⋅ 78666 Zip Code
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

1414-1420 River Rd, San Marcos
$739,000
3 Beds ⋅ 4 Baths ⋅ 2152883 MLS ⋅ 78666 Zip Code
Luxury at its best! You've found the perfect home with the perfect lot location! This backyard is truly a rare find in the community here. Premium lot offers a tree line of privacy!!! No neighbors in back, only looking out at peacefulness and wildlife while entertaining is a plus on the expansive covered patio. Welcome to Kissing Tree 55+ Community, This Luxury Stucco/Tile roof home is gorgeous inside and out with 3 bedrooms, 3 full baths and a half bath! Vaulted Ceilings thru out the home, Primary Suite is oversized with a great walk-in shower with upgraded tile to ceiling option, double vanity, private toilet area, and walk-in closet. There is also a ensuite bedroom with its own bathroom for your guests to enjoy for privacy. The third bedroom has easy access to a full bathroom, and a office that separates the two bedrooms! There is a half bath for your guests also! This home is a upgrade that offers a large Living room for entertaining, Living Room has a Gas heatilator fireplace to enjoy on cold days, and oversized back glass sliding doors to patio that looks out at the private backyard. Kitchen has a natural gas cooktop and a oversized Center Island with Breakfast Bar. The oversized 2 car garage has an epoxy coated floor, two hot water heaters located in closet in garage, and upgraded water softener located in the garage. There is a separate garage that can be used for your golf cart or third car/motorcycle! The amenities are over and above anything you would need which includes an 18-hole golf course, 18 pickle ball courts, walking trails, an outdoor pool with hot tub and indoor lap pool, exercise room with numerous workout equipment, a Library, Art Studio, so many activities you can join and so much more. Located perfectly between Austin and San Antonio. Buyer please entertain an offer seller is ready to sell! Investors are welcome to purchase and have rental income! Buyers better than new as many upgrades are already included!

336 Calming Agave Way, San Marcos
$259,000
1370312 MLS ⋅ 78666 Zip Code
1.87 acres of development land with 150' of Blanco River waterfront. Currently zoned Single Family (SF-6). City is amenable to subdividing and/or rezoning to a commercial or multifamily purpose. Sewer, water, and electric at the street. Geotech engineering has been completed. Buyer is to confirm all statements.

2212 River Rd, San Marcos
$397,000
3 Beds ⋅ 3 Baths ⋅ 1176255 MLS ⋅ 78666 Zip Code
This well-maintained, single-owner townhome is minutes from Texas State, San Marcos Square, HEB, the Medical Center, and backs up to Purgatory Natural Area. It offers a gated entry, private back patio with a wood-burning fireplace, upgraded appliances (GE profile with induction cooktop), ceiling fans, and HOA-maintained landscaping. The main floor includes a utility room with sink, spacious open living area with another fireplace, kitchen with island, breakfast and dining spaces, half bath, and a primary suite with a custom walk-in closet, garden tub, and separate shower. Upstairs are two bedrooms (one with double closets), a full guest bath, extra living space, and linen closet.

434 Stagecoach Trl, San Marcos
$939,000
9 Beds ⋅ 6 Baths ⋅ 6670660 MLS ⋅ 78666 Zip Code
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.

1000 Advance #2 St, San Marcos
$225,000
3 Beds ⋅ 2 Baths ⋅ 7842368 MLS ⋅ 78666 Zip Code
This property is perfect for rental to students and faculty or to make into home-sweet-home. Class is across the street—literally. This 3-story, 3-bedroom, 2-bath condo gives “close to campus” a whole new meaning. With no carpet in sight, new luxury vinyl plank (2025) keeps things cool and clean. This unit has the kind of layout roommates dream about—living space on the first floor, bedrooms on the second and third. HOA recently gave the whole complex a new Saltillo tile roof (2024), and your monthly dues are just $250. A little paint and personality, and you’re good to go. You'll find a full-size washer and dryer in the upstairs bathroom. The primary bedroom provides a bath with double vanity, walk-in closet. New A/C (2025) and private carport with storage right outside the front door! It’s close to all that downtown San Marcos has to offer including a variety of retail stores, restaurants and businesses. And of course, the San Marcos River is a stone’s throw away. Foundation work was completed in 2019 (see supplements). Whether you're investing or nesting, this one's a smart move.

821 Old Ranch Rd 12, San Marcos
$939,000
8914451 MLS ⋅ 78666 Zip Code
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.

1000 Advance #1 St, San Marcos
$4,250,000
8 Beds ⋅ 11 Baths ⋅ 5490662 MLS ⋅ 78666 Zip Code
Large estate on 38.9 acres. Completely fenced with a 12-foot game fence and grand rock entrance. Live the life of luxury in this almost 9,000 sqft of living space with 8 bedrooms 8 full baths and 3 half baths. Custom built in every nook and cranny with Texas stone, hardwood, and granite cabinetry. Two large fireplaces, swimming pool, outdoor basketball court, indoor RV parking garage, indoor and an outdoor bar with complete catering setup, or just relax in your own private movie theatre. Other outdoor amenities include dog kennels, livestock pens, barns, and sheds. Large backyard area - fully fenced with wrought iron fencing. Gorgeous Views and beautiful sunsets right from your oversized covered porch. Super unique feature - your own private natural cave that you can explore! Centrally located in the heart of Texas Hill Country right next to the Wimberley Junction on R12 and FM 32. Estate is at the end of the gated subdivision of Trails End Ranch. Less than 30 minutes to Canyon Lake, Wimberley, San Marcos, or New Braunfels. Looking for country living near the big cities? You are less than an hour away from Austin or San Antonio! This is the Texas Hill Country Ranchette you have been waiting for!

761 Allison Ln, San Marcos
$3,225,000
9477533 MLS ⋅ 78656 Zip Code
*Sold with PID - 100002120600000 / 2.61 acres & PID-100002136704000 / 14.81 acres. Total to be 67.24 acres.* This is a fantastic opportunity to own property located 6 miles from the center of San Marcos, 35 miles from Austin and in-between Interstate 35 and 130! This property has lots of potential and development opportunity! Currently the property is being used for an event space / music venue, regenerative produce farm and cattle. As you enter the gate - main house is to the left at 1800 square feet and green houses are to the right. As you pass multiple outdoor gardens you will see the barn straight ahead which houses 2 studio apartments (Studio 1 roughly 468 square feet and Studio 2 roughly 360 square feet) / venue suites, a large covered pavilion, a commercial kitchen with bay, 10'x12' walk-in cooler, and an office / storage space in front. Recently built are 6 commercial restrooms right off the pavilion as well as a full stage. This is your chance to own a property with lots of possibilities, an easy commute access, all while viewing peaceful sunrises and sunsets!

480 Mill Rd, Maxwell