Fourplex for Sale Near Texas State: 811 Bracewood Circle in San Marcos
If you've been looking for an investment property in San Marcos, this one is worth a look.
811 Bracewood Circle is a fourplex located approximately one mile from Texas State University, with three units currently leased long-term and the fourth operating as a short-term rental.
Listed at $575,000, the property offers something investors don't always find in one package: existing rental income, four separate units, proximity to Texas State, and several major property improvements already completed.
Four Units + Two Ways to Generate Rental Income
811 Bracewood includes four separate 2-bedroom, 1-bath units.
Three units are currently leased at $1,150 per month each, providing $3,450 in monthly long-term rental income before including any income from the fourth unit.
The fourth unit is currently being used as a short-term rental, giving the property an interesting mix of traditional leases and STR use. This is a turnkey STR. All furniture and items can stay if you prefer.
That flexibility is one of my favorite things about this property.
A future owner can evaluate the rental strategy that works best for them rather than starting from scratch with a completely vacant multifamily property.
Short-term rental regulations, permitting and future eligibility should always be independently verified by a buyer.
About One Mile From Texas State University
Location matters with any investment property, but especially in San Marcos.
811 Bracewood Circle is located approximately one mile from Texas State University, making campus accessible by a short drive or bike ride.
It's also convenient to downtown San Marcos, restaurants, shopping, outdoor recreation and everything else that makes San Marcos such a fun place to live. And we can’t forget about Rio Vista being close by on the San Marcos River! If you like to kayak, tube or just relax you hit the jackpot. The San Marcos River is one of my happy places in Texas.
That location gives the property access to the larger San Marcos rental market while putting Texas State practically in its backyard.
Inside the Units
Each unit offers two bedrooms and one bathroom, along with an open living area and kitchen.
But my favorite feature might be the stone fireplaces.
They give the living spaces character you don't always see in an investment property from this era and tie in nicely with the natural stone on the exterior.
The kitchens include granite countertops and breakfast bars, and the units feature a combination of tile, vinyl and carpet flooring.
Depending on the unit, you'll also find private outdoor spaces including balconies, patios or porch areas.
Major Improvements Already Completed
If you've ever purchased an investment property, you know the pretty stuff isn't necessarily what keeps you awake at night.
It's the roof.
And the foundation.
811 Bracewood has had work completed on both.
The roof is approximately two years old, and foundation work has also been completed.
Buyers should, of course, review all available documentation and conduct their own inspections and due diligence, but having significant improvements already addressed is an important part of this property's story.
An Established San Marcos Fourplex
The exterior combines natural stone accents with siding, mature trees and a two-story configuration with separate entrances for the four units.
It's not a cookie-cutter apartment complex.
It feels residential while still giving an investor the benefit of four income-producing units on one property.
And with three existing long-term leases plus a unit already set up for short-term rental use, there's an established rental structure in place from day one.
811 Bracewood Circle at a Glance
811 Bracewood Circle, San Marcos, TX
List Price: $575,000
Property Type: Fourplex / Multifamily
Units: 4
Unit Layout: 2 bedrooms + 1 bathroom each
Total Bedrooms: 8
Total Bathrooms: 4
Long-Term Rentals: 3 units currently leased at $1,150/month each
Fourth Unit: Currently operated as a short-term rental
Texas State University: Approximately one mile away
Roof: Approximately two years old
Foundation: Foundation work completed
Looking for an Investment Property in San Marcos?
San Marcos is much more than a college town. Between Texas State University, the San Marcos River, downtown, outlet shopping and its location between Austin and San Antonio, there's a lot driving people to this part of Central Texas.
For an investor, 811 Bracewood Circle offers four units, existing rental income and proximity to Texas State University in one property.
If you'd like current lease information, additional property details or a private showing of 811 Bracewood Circle in San Marcos, reach out to me.
I'd be happy to show you around.
Property information is deemed reliable but should be independently verified. Short-term rental use, regulations, permits and income are subject to change and should be independently verified by buyers.
