About This Home

Nice condo with easy access to the university. Great investment opportunity. Generate revenue by renting to college students. Two bedroom suites, common room, and kitchen. Your TXST student can stay in one side while you rent out the other side. Seller will consider owner financing options.

At $181/sqft, this home is 22% 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

1624 Aquarena Springs Dr #A102, San Marcos, TX 78666

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Property Details

Price $130,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 720 sqft

Lot Size 2.81 acres (122,617.04 sqft)

Year Built 1982

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Park North Condos

County Hays

Zip Code 78666

$/sqft $181/sqft

Days on Market ,

HOA $200/Monthly

Annual Tax Est. $3,449.03

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT234193501

List Date June 8, 2026

Elementary School Travis

Middle School Miller

High School San Marcos

School District SanMarcosCONSISD

School District

SanMarcosCONSISD

Travis · Miller · San Marcos

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.

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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 · June 8, 2026 $148,000

Previous ask $140,000

Current ask $130,000

▼ Reduced $18,000 (-12.2%) 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

1624 Aquarena Springs Dr #F147
Park North Condos $125,990 $175 2 bd / 2 ba 720 sqft , 2026-09-08

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

$624/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

$26,000

20% conventional investment loan

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

Estimated Gross Rent+$624

Principal + Interest−$709

Property Tax (assumed ~2.1%)−$228

Insurance (assumed ~0.5%)−$54

Est. Monthly Cash Flow $-367

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 · 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 September 23, 2026.

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

1624 Aquarena Springs Dr #A102

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

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