About This Home

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.

At $143/sqft, this home is 38% below the San Marcos active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

138 Rush Hvn #F073, San Marcos, TX 78666

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $229,900

Status Active Listing

Beds 3

Full Baths 3

Half Baths ,

Living Area 1,608 sqft

Lot Size 4.66 acres (202,989.6 sqft)

Year Built 2009

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Blanco River Village Condo

County Hays

Zip Code 78666

$/sqft $143/sqft

Days on Market ,

HOA $350/Monthly

Annual Tax Est. $6,034.89

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT224661665

List Date April 7, 2026

Elementary School Travis

Middle School Goodnight

High School San Marcos

School District ,

Have Questions About This Property?

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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · April 7, 2026 $259,900

Previous ask $239,900

Current ask $229,900

▼ Reduced $30,000 (-11.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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

105 Casita Cv
El Camino Real Ph 1 Sec 3A $229,900 $167 3 bd / 2 ba 1,373 sqft , 2026-02-25

107 Friendship Oak Dr
Blanco Vista Tr E-2 $230,000 $182 2 bd / 3 ba 1,262 sqft , 2026-03-05

714 Stampede Rd
Blanco Vista Tr E-1 $230,000 $185 3 bd / 3 ba 1,244 sqft , 2026-06-04

162 Friendship Oak Dr
Blanco Vista Heritage Point $230,000 $177 3 bd / 3 ba 1,300 sqft , 2026-06-25

1709 Iron Truss Rd
River Bridge Ranch $225,999 $135 4 bd / 2 ba 1,676 sqft , 2026-07-21

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

$1,104/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

$45,980

20% conventional investment loan

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

Estimated Gross Rent+$1,104

Principal + Interest−$1,255

Property Tax (~2.1% TX avg)−$402

Insurance (~0.5%)−$96

Est. Monthly Cash Flow $-649

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

About the Author

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 July 31, 2026.

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

138 Rush Hvn #F073