Active Listing  ·  0 days on market

2018 Nevada St

San Marcos, TX 78666
$260,000
3 Bed 2 Bath 1,166 sqft $223/sqft Built 1981 0.17 acres 1-Car Garage Pool Castle Forest

OPEN HOUSE: 11AM-2PM this Saturday (9/26). Must see: backyard backs up to a peaceful greenbelt--no neighbors directly behind you! With a brand new roof, fresh painting throughout, brand new carpet, furnace, HVAC system (including the replacement of the attic duct work), dishwasher, two new concrete decks and driveway, and even new toilets; this Castle Forest gem is ready for its new owner. Walk to the miles of nearby neighborhood and city trails, or enjoy a relaxing day on the spring-fed waters of the San Marcos River. Minutes from the San Marcos Square, Ranch Road 12, and I-35; you are perfectly situated with versatile access to head into the town center, into the hill country towards Wimberley and Dripping Springs, or to highway if heading to Austin or San Antonio. Not to mention, you're just minutes away from your new neighborhood coffee shop, Wake The Dead! Schedule a showing or join us at this weekend's open house to see for yourself why this 3bed/2bath is ready to go and priced-to-sell!

At $223/sqft, this home is priced in line with the San Marcos market average of $226/sqft across 437 active listings. View Austin market report →

Location

2018 Nevada St, San Marcos, TX 78666

Property Details

Price $260,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,166 sqft
Lot Size 0.17 acres (7,318.08 sqft)
Year Built 1981
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Castle Forest
County Hays
Zip Code 78666
$/sqft $223/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247580848
List Date September 22, 2026
Elementary School Crockett
Middle School Goodnight
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.

Schedule a Call →

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
1905 Castle Gate Cir
Castle Forest
$265,000 $222 3 bd / 2 ba 1,194 sqft , 2026-07-06
2003 Ramona Cir
Castle Forest
$269,000 $198 3 bd / 2 ba 1,360 sqft , 2026-02-22
1306 Alamo St
G A McNaughton 1st Add
$279,000 $209 3 bd / 1 ba 1,335 sqft , 2026-06-16
129 Park Ln
Bishop Crossing Sec 2
$299,900 $200 3 bd / 2 ba 1,500 sqft , 2026-09-03
1221 W Hopkins St #2
West End Condos
$199,000 $214 2 bd / 2 ba 928 sqft , 2026-07-30

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
$1,248/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
$52,000
20% conventional investment loan

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

Estimated Gross Rent+$1,248
Principal + Interest−$1,419
Property Tax (~2.1% TX avg)−$455
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-734

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 September 22, 2026.

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