Buying In San Marcos, TX
Sell Your Commercial Property In San Marcos, TX
We are an active buyer of San Marcos commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown San Marcos · Blanco Vista · Kyle · Buda — Hays County, TX
Market Snapshot
Renter Demand In San Marcos
San Marcos, Texas is a Hays County city of 70,897 residents, home to Texas State University and two side-by-side outlet centers along Interstate 35. Renters hold 69.2% of the 28,013 occupied homes, per the Census Bureau's 2020-2024 American Community Survey, and just 36.5% of the city's 30,349 housing units sit in buildings of five or more units. Median gross rent runs $1,322 a month against a $51,281 median household income, well below the Texas median. Owners who want to sell commercial property in San Marcos, TX are working in a renter-heavy market shaped by college demand and strong retail traffic.
Texas State University
Texas State University enrolled 47,513 students system-wide in fall 2026, with its main campus and nearly 10,000 resident students in San Marcos, per the university.I-35 corridor position
San Marcos sits on Interstate 35 roughly midway between Austin and San Antonio, the corridor's two largest metro job centers in Central Texas.San Marcos Outlets
Tanger Outlets and San Marcos Premium Outlets sit side by side with more than 220 stores and 20 restaurants combined, per the city's tourism site.Our Buy Box
What We Buy In San Marcos
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
San Marcos Apartment Market
Figures gathered October 2026 from public market data.
Who rents in San Marcos, TX
Renters hold 69.2% of San Marcos's 28,013 occupied homes, per the Census Bureau's 2020-2024 American Community Survey, with 36.5% of the city's 30,349 housing units sitting in buildings of five or more units. Another 23.0% of that stock predates 1980, and 33.1% of renters pay half or more of income toward rent. Owners planning to sell your apartment building in San Marcos face a renter-majority market with an aging share of older stock.
Rents and affordability in San Marcos, TX
Median gross rent in San Marcos is $1,322 a month, 5.8% below the Texas median of $1,403, per ACS 2020-2024 estimates. A full 61.9% of renter households pay 30% or more of income toward rent, a heavier burden than the statewide pattern. Owners who plan to sell multifamily property in San Marcos should weigh that local rent burden against HUD's benchmark below.
| Unit size | HUD FY2027 Fair Market Rent |
|---|---|
| Efficiency | $1,447 |
| One-bedroom | $1,530 |
| Two-bedroom | $1,817 |
| Three-bedroom | $2,292 |
| Four-bedroom | $2,689 |
These are FY2027 figures for Hays County in the Austin-Round Rock-San Marcos, TX HUD Metro FMR Area, effective October 1, 2026.
Property taxes in Hays County
Hays County set its 2025 rate at $0.3573 per $100 valuation, per the county's official 2025 Adopted Tax Rates notice. San Marcos's city rate is $0.6515 per $100, and San Marcos CISD's 2025-26 rate is $1.0152 per $100. Combined, those three rates total $2.0240 per $100, so a $2,000,000 building owes about $40,480 a year before exemptions. Owners who sell commercial property in San Marcos, TX should confirm which taxing entities apply to a specific parcel, since a small part of the city's 2020 Census boundary also lies in Caldwell County.
Landlord rules that apply in San Marcos, TX
Texas law, not a San Marcos ordinance, sets the landlord-tenant baseline here. Texas Property Code Section 92.103 requires a security deposit refund within 30 days after a tenant surrenders the unit. Section 24.005 generally requires at least three days' written notice to vacate before a landlord files a forcible detainer suit, unless the lease sets a different period.
Texas Local Government Code Section 214.902 bars a city from adopting rent control unless its governing body finds a disaster-driven housing emergency and the governor approves the ordinance. Owners who sell commercial real estate in San Marcos, TX also avoid a transfer tax, since Texas imposes none on real property sales.
What it means for an owner in San Marcos, TX
San Marcos pairs a 69.2% renter share with a $51,281 median household income, 34.7% below the $78,476 Texas median. Texas State University enrolled 47,513 students system-wide in fall 2026, with its main campus in San Marcos and nearly 10,000 students living on campus, per the university's own facts page. San Marcos Outlets, two side-by-side outlet centers, carry more than 220 stores combined, per the city's official tourism site, and the city sits on Interstate 35 roughly midway between Austin and San Antonio.
Owners who want to sell commercial property in San Marcos, TX can start with the cap rate on in-place rents using our cap rate calculator, then reach out through our apartment-building buying page.
Local Knowledge
Pricing Your Building In San Marcos
More about selling in Texas →Investing in San Marcos? See apartment syndications in San Marcos →
- A small part of San Marcos's 2020 Census boundary lies in Caldwell County, though nearly all residents live in Hays County.
- Owners who sell commercial real estate in San Marcos, TX should confirm which taxing entities apply to a given parcel.
- Texas imposes no state or local transfer tax on real property sales, including apartment-building transactions.
Seller Guides
Selling In San Marcos? Common Situations We Handle
Learn More
Taxes & Rules For San Marcos Property
The Texas rules that shape any deal in San Marcos: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
San Marcos Seller FAQ
How do I sell commercial property in San Marcos, TX?
Owners typically start with current numbers: a $1,322 median rent, a 69.2% renter share and a $40,480 property-tax estimate on a $2,000,000 valuation. Pricing against Hays County's renter-heavy, partly older stock before listing with a direct buyer usually comes next for sellers in this market.
What should buyers weigh when I sell commercial real estate in San Marcos, TX?
Buyers compare San Marcos's $1,322 median rent against HUD's FY2027 two-bedroom benchmark of $1,817 for the Austin-Round Rock-San Marcos MSA, the 36.5% share of homes in 5+ unit buildings, and the 61.9% of renters paying 30% or more of income toward rent.
What is the median rent in San Marcos, TX?
Median gross rent in San Marcos is $1,322 a month, per the Census Bureau's 2020-2024 American Community Survey, 5.8% below the Texas median of $1,403. HUD's FY2027 Fair Market Rents list $1,817 for a two-bedroom unit metro-wide, effective October 1, 2026.
What is the property tax on a $2 million building in San Marcos?
Combining Hays County's 2025 rate of $0.3573, San Marcos's city rate of $0.6515 and San Marcos CISD's 2025-26 rate of $1.0152, all per $100 valuation, a $2,000,000 value owes about $40,480 a year before exemptions.
Can San Marcos adopt rent control?
No. Texas Local Government Code Section 214.902 bars a city from adopting rent control unless its governing body finds a disaster-driven housing emergency and the governor approves the ordinance. Owners selling commercial property in San Marcos have not faced rent control under this provision.
Do I need to fix up my San Marcos building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Can I sell my San Marcos apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in San Marcos without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in San Marcos?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Get An Offer Review In San Marcos
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
