1000 Advance #1 ST Unit #1, San Marcos, TX 78666

Fascinating and unique property in San Marcos could be all yours! 4 lots with 3 homes + efficiency apartment offers tons of potential and opportunity. Fourth lot has recently been cleared off further as well. Currently zoned SF6 (single family), but could request rezoning. In-ground pool needs some TLC and you'll have your own oasis. Main home offers a sprawling floor plan with 3 bedrooms, 2 full baths and multiple storage and flex areas. All three secondary units have had refreshed finishes. Front deck of the main home offers stellar views. Investor special with great rental and further development potential! Efficiency apartment leased month-to-month @ $895 - 1009 Hiilyer leased through 5/2027 @ $1,850 - 1001 Hillyer seeking tenants - 1000 Advance (main home) @ $1,900.

At 1000 Advance Street in San Marcos neighborhood, you're looking at a rare multi-unit investment property on 1.21 acres with immediate income from four occupied units totaling approximately $6,000 monthly in current leases. This isn't about maximizing square footage - it's about capitalizing on smart zoning potential and established rental cash flow in a market where housing demand consistently outpaces supply.

The main residence anchors the property with three bedrooms, two full bathrooms, and thoughtfully designed multiple living areas that don't waste space. Vaulted ceilings and walk-in closets maximize vertical living, while built-in features and updated finishes throughout keep maintenance costs predictable. The primary bedroom sits on the main floor - a practical choice for owner-occupancy while managing rental units. Primary bathrooms feature double vanities, and the kitchen includes dishwasher, disposal, and electric range functionality. Three secondary units have received refreshed finishes and sit fully leased: a month-to-month efficiency at $895, and two additional homes generating $1,850 and $2,200 monthly respectively.

Location matters here. You're in the San Marcos Consolidated Independent School District, with Crockett Elementary, Miller Middle, and San Marcos High School serving the area. The property sits minutes from downtown San Marcos, with I-35 access straightforward for commutes to Austin employers. The 1.21-acre lot includes mature trees exceeding 40 feet, substantial landscaping, and an in-ground pool that adds lifestyle appeal for owner-use or future renovations.

Currently zoned single-family residential, the property's true value lies in rezoning potential. Four distinct lots with three homes plus an efficiency apartment present clear development upside for investors with appetite for commercial or multi-family residential conversion. The cleared fourth lot enhances flexibility for future improvement. At $174 per square foot, this pricing reflects the income stream already in place plus significant development runway.

This is efficient real estate thinking: established tenancy covering mortgage expenses, deferred capital improvements available, and zoning flexibility for the right investor. The property has sat 339 days on market - a signal that traditional buyers may be overlooking what sophisticated investors recognize as operational income with appreciation potential.