Active Listing  ·  61 days on market

506 W San Antonio St #205

San Marcos, TX 78666
$219,000
2 Bed 2 Bath 1,063 sqft $206/sqft Built 1984 0.41 acres Pool The Crossing Condos

Just two blocks from the square, half a mile to the School of Business, less than one mile from the Texas State University campus. This updated 2-bedroom, 2-bath condo offers an unbeatable combination of convenience, lifestyle, and investment potential. Located on the third floor, the unit features modern finishes, updated flooring, granite countertops, luxury cabinetry, a spacious living area with fireplace, and updated bathrooms with custom tile finishes.

Enjoy elevated views from the private balcony while being just minutes from restaurants, coffee shops, shopping, nightlife, and campus amenities. All appliances convey, making this a move-in-ready opportunity for owner-occupants, students, parents looking for an alternative to student housing, or investors seeking a property in one of San Marcos' most desirable locations.

Whether you're looking to build equity while attending school, provide housing for a Texas State student, or add a low-maintenance investment property to your portfolio, this condo offers exceptional value in the heart of San Marcos.

At $206/sqft, this home is 10% 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

506 W San Antonio St #205, San Marcos, TX 78666

Property Details

Price $219,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,063 sqft
Lot Size 0.41 acres (17,750.7 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision The Crossing Condos
County Hays
Zip Code 78666
$/sqft $206/sqft
Days on Market ,
HOA $325/Monthly
Annual Tax Est. $3,888.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236228288
List Date June 14, 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 Teron Dr
El Camino Real Ph 2 Sec 3
$215,000 $185 3 bd / 2 ba 1,160 sqft , 2026-05-03
113 Clovis Cv
Cottonwood Crk Ph 4 Un 1
$215,000 $178 3 bd / 2 ba 1,206 sqft , 2026-06-18
1202 Thorpe Ln #406D
Village At Springtown Condos
$215,000 $197 2 bd / 2 ba 1,091 sqft , 2026-07-16
1202 Thorpe Ln #315
Village At Springtown Condos
$215,000 $175 2 bd / 2 ba 1,230 sqft , 2026-07-29
1174 Esplanade Pkwy
Trace Sub Pa 1A Sec C
$224,900 $204 3 bd / 2 ba 1,102 sqft , 2026-07-03

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
$1,051/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
$43,800
20% conventional investment loan

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

Estimated Gross Rent+$1,051
Principal + Interest−$1,195
Property Tax (~2.1% TX avg)−$383
Insurance (~0.5%)−$91
Est. Monthly Cash Flow $-618

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 July 29, 2026.

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