Active Listing  ·  26 days on market

800 Barbara Dr

San Marcos, TX 78666
$230,000
3 Bed 2 Bath 1,108 sqft $208/sqft Built 1978 0.22 acres Pool Greendale Add Unit 1

As you step inside, you’ll immediately appreciate the inviting layout, wood-look flooring, natural light, updated kitchen, comfortable bedrooms, and practical living spaces. Continue outside to discover mature trees and a private setting offering room to relax or entertain. Best of all, this property is already occupied by tenants, presenting an excellent opportunity for investors seeking an income-producing asset with an established rental history.

Located in Blanco Gardens, the home offers convenient access to I-35, shopping, dining, outdoor recreation, and Downtown San Marcos. Texas State University is approximately 10 minutes away, adding strong appeal for students, faculty, and rental demand. Blanco Gardens is about a mile from Downtown and close to both the Blanco and San Marcos Rivers.

At $208/sqft, this home is 8% below the San Marcos active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

800 Barbara Dr, San Marcos, TX 78666

Property Details

Price $230,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,108 sqft
Lot Size 0.22 acres (9,679.03 sqft)
Year Built 1978
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greendale Add Unit 1
County Hays
Zip Code 78666
$/sqft $208/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $2,690.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243730662
List Date August 27, 2026
Elementary School Mendez
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.

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
1115 Sycamore St
Rio Vista Terrace
$245,000 $213 3 bd / 1 ba 1,150 sqft , 2026-08-13
901 Barbara Dr
Greendale Add Unit 1
$249,900 $179 2 bd / 2 ba 1,398 sqft , 2026-07-24
1202 Thorpe Ln #216
Village At Springtown Condos
$205,000 $198 2 bd / 2 ba 1,036 sqft , 2026-04-08
1202 Thorpe Ln #406D
Village At Springtown Condos
$205,000 $188 2 bd / 2 ba 1,091 sqft , 2026-07-16
1202 Thorpe Ln #315
Village At Springtown Condos
$199,000 $162 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
$1,104/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
$46,000
20% conventional investment loan

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

Estimated Gross Rent+$1,104
Principal + Interest−$1,255
Property Tax (~2.1% TX avg)−$403
Insurance (~0.5%)−$96
Est. Monthly Cash Flow $-650

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 4, 2026.

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