10 Units - Duplex + Single Family 4 Multifamily Properties Offered at $2,240,000 in San Marcos, TX

Haynes Street Portfolio presents a rare opportunity to acquire a 10-unit residential investment portfolio in San Marcos, Texas. Offered at $2,240,000, the portfolio consists of four renovated duplexes (8 units) and two single-family homes, providing a diversified mix of residential income across two well-positioned San Marcos locations.
The centrally located Haynes Street duplexes are approximately half a mile from the spring-fed San Marcos River and Rio Vista Park, one mile from Downtown San Marcos, and 1.6 miles from the Texas State University Quad. The duplex units have been renovated with updated interiors, including modern countertops, flooring, fixtures and paint. Each also offers a fenced private backyard and off-street parking—highly desirable features in the local rental market. The two single-family homes provide larger floor plans and further diversify the portfolio’s tenant base and income stream.
The portfolio offers $198,396 in annual potential gross income with a pro forma NOI of approximately $148,400 and a 6.6% pro forma cap rate. Currently 80% occupied, the offering provides immediate in-place income along with near-term upside through lease-up of two vacant units and two additional month-to-month leases. Tenants pay their own utilities, further supporting efficient ownership operations.
With proximity to Texas State University, Downtown San Marcos, the San Marcos River, IH-35 and major retail, the Haynes Street Portfolio offers a compelling combination of current income, rental upside and long-term investment potential in the Austin–San Antonio growth corridor.
Portfolio may be divided and sold separately with a minimum purchase of two structures.