Active Listing  ·  84 days on market

206 Sherwood St

San Marcos, TX 78666
$299,000
4 Bed 2 Bath 1,688 sqft $177/sqft Built 1971 0.21 acres Pool Feltner Add

Located in an established San Marcos neighborhood with mature trees and a convenient central location near I-35, downtown San Marcos, and Texas State University, this home offers the perfect blend of comfort, functionality, and charm. Situated on a large lot, there is plenty of room to enjoy the outdoors, entertain, garden, or simply spread out and relax. A large covered porch provides the perfect place to enjoy your morning coffee, unwind in the evenings, or gather with friends and family. Inside, the spacious and functional layout is filled with natural light and features inviting living spaces designed for both everyday living and entertaining. Generously sized bedrooms provide flexibility for family, guests, or a home office setup. Whether you’re searching for a primary residence or investment opportunity, this property offers both convenience and potential in a well established San Marcos neighborhood.

At $177/sqft, this home is 23% 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

206 Sherwood St, San Marcos, TX 78666

Property Details

Price $299,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,688 sqft
Lot Size 0.21 acres (9,300.06 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Feltner Add
County Hays
Zip Code 78666
$/sqft $177/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,572.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231158649
List Date May 22, 2026
Elementary School Hernandez
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
217 New Albany Ln
WHISPER SOUTH
$299,000 $161 3 bd / 3 ba 1,852 sqft , 2026-03-04
1303 Haynes St
Rio Vista Terrace #3
$299,000 $170 5 bd / 3 ba 1,761 sqft , 2026-06-13
108 Blackfoot Daisy Path
La Cima
$298,147 $205 3 bd / 2 ba 1,454 sqft , 2026-05-01
280 Cordero Dr
El Camino Real Ph 1 Sec 2
$299,900 $133 3 bd / 3 ba 2,257 sqft , 2026-06-25
813 Cardenas St
Alto
$299,990 $156 4 bd / 3 ba 1,924 sqft , 2025-08-19

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
$1,435/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
$59,800
20% conventional investment loan

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

Estimated Gross Rent+$1,435
Principal + Interest−$1,632
Property Tax (~2.1% TX avg)−$523
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-845

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 June 23, 2026.

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