Active Listing  ·  55 days on market

1604 Mill St #B

San Marcos, TX 78666
$155,000
2 Bed 2 Bath 1,031 sqft $150/sqft Built 1984 0.73 acres Pool Chimney Place II

This conveniently located, move-in ready 2-bedroom, 2-bath condo has had recent updates, and also features a fully fenced patio space! Upon entering the condo, you are greeted by vaulted ceilings, luxury vinyl plank flooring throughout, as well as a fireplace. The open layout allows the living, dining, and kitchen spaces to connect seamlessly. The kitchen is equipped with granite countertops, stainless steel appliances, a breakfast bar, pass-through to the living and dining areas, and built-in pantry storage. An indoor laundry closet provides space for a stacked full-size washer and dryer. Both bedrooms are off the main living area and each include ceiling fans and walk-in closets. The two full bathrooms have been updated with modern vanities - one bathroom includes a tub/shower combination and the other a walk-in shower. Outside, a fully fenced private patio creates a space to enjoy the shade of the surrounding trees and entertain guests. The HOA recently replaced the fence, adding even more privacy to the outdoor space. The location is hard to beat, with Mill Street Market within walking distance and convenient access to the Texas State bus route, I-35, downtown San Marcos, and the Square. Reach out today to schedule a showing!

At $150/sqft, this home is 35% below the San Marcos active market average of $232/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1604 Mill St #B, San Marcos, TX 78666

Property Details

Price $155,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,031 sqft
Lot Size 0.73 acres (31,885.92 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Chimney Place II
County Hays
Zip Code 78666
$/sqft $150/sqft
Days on Market ,
HOA $300/Monthly
Annual Tax Est. $3,903.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247228587
List Date September 18, 2026
Elementary School Travis
Middle School Goodnight
High School San Marcos
School District SanMarcosCONSISD

SanMarcosCONSISD

Travis · Goodnight · San Marcos

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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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 · September 18, 2026 $165,000
Current ask $155,000
▼ Reduced $10,000 (-6.1%) 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
1202 Thorpe Ln #604
Village At Springtown Condos
$155,000 $150 2 bd / 2 ba 1,036 sqft , 2026-02-06
246 Trestle Tree None
Blanco River Village No2 Condo
$150,000 $118 2 bd / 3 ba 1,266 sqft , 2025-11-20
1624 Aquarena Springs Dr #A102
Park North Condos
$130,000 $181 2 bd / 2 ba 720 sqft , 2026-06-08
1624 Aquarena Springs Dr #F147
Park North Condos
$125,990 $175 2 bd / 2 ba 720 sqft , 2026-09-08
1202 Thorpe Ln #315
Village At Springtown Condos
$185,000 $150 2 bd / 2 ba 1,230 sqft , 2026-07-29

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
$744/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
$31,000
20% conventional investment loan

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

Estimated Gross Rent+$744
Principal + Interest−$846
Property Tax (assumed ~2.1%)−$271
Insurance (assumed ~0.5%)−$65
Est. Monthly Cash Flow $-438

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 · 41 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. The written content was last updated on October 26, 2026.

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

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