
Fourplex investment opportunity approximately one mile from Texas State University with existing long-term rental income and an active short-term rental. Three of the four units are currently leased, while the fourth is operated as an Airbnb, offering a mix of traditional and short-term rental use in one property. Each unit features a 2-bedroom, 1-bath layout with an open living area, stone fireplace and kitchen with a breakfast bar. Depending on the unit, outdoor spaces include private entrances, balconies, a porch and patio areas, all surrounded by mature trees. Major improvements have already been completed, including a roof approximately two years old, remodeled kitchens and foundation work. Natural stone accents and wood siding give the two-story property plenty of character, while the setting offers views of the surrounding hills and wooded area. Located approximately one mile from Texas State University, 811 Bracewood offers convenient access by bike or car to campus, with downtown San Marcos, dining, shopping and recreation nearby. With four separate units, three existing long-term leases and an established short-term rental setup, this property offers multiple income streams and flexibility for an investor looking to add a multifamily property in San Marcos.
Property Type
Residential Income
Year Built
1981
Lot Size
0.21 acres
$/Sq Ft
$178
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Features
Construction
Lot Features
Fencing
Foundation
Parking
Verified property facts
811 Bracewood CIR is listed at $575,000 with 0 bedrooms, 3,228 square feet, 0.21-acre lot. This places it above the ZIP 78666 single-family closed-sale median price of $505,000 (ZIP 78666 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 4, 2026).
811 Bracewood CIR is zoned for SanMarcosCONSISD with assigned schools: Crockett (elementary), Miller (middle), San Marcos (high). School assignments should be verified directly with the district.
811 Bracewood CIR is a Residential Income built in 1981 featuring 0 bedrooms, 3,228 square feet, 0.21-acre lot.
811 Bracewood CIR is listed by Compass RE Texas, LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 5, 2026.
The most recent annual property tax for 811 Bracewood CIR is $9,721. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
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1 record on file
Every recorded listing, sale, and lease at 811 Bracewood CIR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $470,382 | $83,650 | $386,732 |
SanMarcosCONSISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($115K)
Adjustable assumption - not a lending recommendation.
$575,000
Luxury property intelligence
A sourced read on Bracewood Sub pricing, timing, and property scale. No automated valuation claim.
List price
$575,000
Price per sqft
$178/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
20 days
Original to current
No verified reduction
$575K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 5, 2026.
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This page does not assume a mortgage rate or publish a monthly payment for 811 Bracewood CIR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Sep 5, 2026, 811 Bracewood CIR is offered at $575,000. The current MLS snapshot shows 365 active listings in 78666. Keenan Group has completed 1 verified transactions in 78666 within its 1,000+ completed transactions and $1B+ career volume across Austin.
811 Bracewood CIR was built in 1981 (45 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
Current Price
$575,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $470,382 | $83,650 | $386,732 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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