Active Listing  ·  159 days on market

1013 Chestnut St #C2

San Marcos, TX 78666
$185,000
2 Bed 2 Bath 960 sqft $193/sqft Built 1982 0.48 acres Pool Bent Tree Condos

Centrally located 2-bedrrom, 2-bath ground floor condo near Texas State University. This unit offers a functional layout with durable tile flooring in the main living areas and bathrooms, providing low-maintenance ownership. The living room features a fireplace, and the dining area opens to a covered patio through large sliding glass doors, allowing for great natural light and outdoor access. The kitchen offers an open floor plan and includes all appliances. This unit also features a coat closet, a laundry closet with washer, dryer and cabinets, as well as built in shelves in the hallway for additional storage. Due to its proximity to shopping, dining, the San Marcos River and campus, this property has consistent rental demand and is well suited for long-term rental or owner occupancy, especially for those with children attending Texas State. Come check it out!

At $193/sqft, this home is 15% below the San Marcos active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1013 Chestnut St #C2, San Marcos, TX 78666

Property Details

Price $185,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 960 sqft
Lot Size 0.48 acres (20,847.82 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Bent Tree Condos
County Hays
Zip Code 78666
$/sqft $193/sqft
Days on Market ,
HOA $335/Monthly
Annual Tax Est. $3,614.28
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225509612
List Date April 16, 2026
Elementary School Crockett
Middle School Miller
High School San Marcos
School District ,

Luke Allen (TREC #788149) has deep knowledge of San Marcos and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in San Marcos

Comparable Listings Right Now

Homes currently for sale in San Marcos with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
421 W San Antonio St #A2
Pecan Creek Condo
$169,999 $216 2 bd / 1 ba 786 sqft , 2026-04-23
506 W San Antonio St #205
The Crossing Condos
$219,000 $206 2 bd / 2 ba 1,063 sqft , 2026-06-14
421 W San Antonio St #i 2
Pecan Creek Condo
$219,500 $228 2 bd / 2 ba 961 sqft , 2026-06-27
310 Pat Garrison St #8
Maple Creek Condos
$229,000 $249 2 bd / 2 ba 918 sqft , 2026-06-03

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$888/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$37,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$888
Principal + Interest−$1,010
Property Tax (~2.1% TX avg)−$324
Insurance (~0.5%)−$77
Est. Monthly Cash Flow $-523

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near San Marcos, TX

San Marcos sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on April 17, 2026.

📞 (254) 718-2567 [email protected] More about Luke →