Last listed at $2,300,000, closed on feb 2022

—

•

15,392

sq ft

748 Martindale Rd, San Marcos, TX 78666

About this home

Rare turn key cash flow investment opportunity! Pecan Cove Apartments totalling 20 units currently at 100% occupancy. Unit mix of (19) 2 bed 1 bath and (1) 1 bed 1 bath. Currently averaging $850/unit and $17K gross monthly income with upside in the rents. Tenants pay utilities except trash. Estimated 6.2% cap rate. Fantastic location 2 miles from I-35 near intersection of Highway 80 and Highway 21. Close to Wal-Mart, Texas State University, and San Marcos River. Property offers central HVAC and on-site washer/dryers. Most units have been remodeled and feature wood laminate flooring. Outside city limits. San Marcos ETJ. OPPORTUNITY ZONE! 5 lots totaling roughly 1.5 acres. Frontage on Martindale Road and San Marcos Highway (Hwy 80).

Multi-familyProperty Type

1976Year Built

1.5 acresLot Size

$149Price/Sq.Ft.

10 spacesParking

Listed by Kaylee Sutton • Land Up Realty & Investments

Bought with Non Member • Non Member

Redfin checked: 3 minutes ago

•Source:Unlock MLS #7503663

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 78666, TX

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

96.3%

+0.1% MoM

Median sale price

$308K

$11K MoM

Avg. days on market

92d

0 days MoM

Recently sold homes

221

14 MoM

New listings for sale

NEW 10 HRS AGO
$799,000
6 beds4 baths3,177 sq ft
350 Anchor Hill Rd, San Marcos, TX 78666
NEW 19 HRS AGO
$346,000
3 beds2 baths1,820 sq ft
1241 Blue Oak Blvd, San Marcos, TX 78666
$285,000
4 beds2 baths1,799 sq ft
156 Medinah Ln, San Marcos, TX 78666
$868,000
2 beds2.5 baths1,880 sq ft
110 Purgatory Pass, San Marcos, TX 78666
$310,000
3 beds2.5 baths2,225 sq ft
229 Capistrano Dr, San Marcos, TX 78666
$99,000
3 beds1 bath1,140 sq ft
413 Patricia Dr, San Marcos, TX 78666
FOR SALE BY OWNER
$318,000
Studio— baths— sq ft
633 Uhland Rd, San Marcos, TX 78666
$525,000
Studio— baths— sq ft
1435 Hilliard Rd, San Marcos, TX 78666
3D WALKTHROUGH
$724,900
3 beds3 baths2,794 sq ft
1061 Cascade Trl, San Marcos, TX 78666
3D WALKTHROUGH
$415,000
3 beds2.5 baths1,600 sq ft
617 Dale Dr, San Marcos, TX 78666
See all

Provided by Redfin

Sale history for 748 Martindale Rd

Date

Event

Price

ACTRIS #2081088

May 5, 2026

Rental Removed

$799

$0/sq ft

Mar 13, 2026

Price Changed

$799

$0/sq ft

Feb 4, 2026

Listed for Rent

$850

$0/sq ft

CTXMLS #580863

May 13, 2026

Rental Removed

$799

$0/sq ft

May 5, 2026

Listed for Rent

$799

$0/sq ft

Feb 4, 2026

Rental Removed

$850

$0/sq ft

Jan 31, 2026

Listed for Rent

$850

$0/sq ft

Jan 1, 2026

Rental Removed

$850

$0/sq ft

May 22, 2025

Listed for Rent

$850

$0/sq ft

SABOR #1869138

Sep 2, 2025

Rental Removed

$850

$0/sq ft

May 22, 2025

Listed for Rent

$850

$0/sq ft

SHOWMOJO #1

Apr 27, 2025

Rental Removed

$895

$0/sq ft

Mar 8, 2025

Listed for Rent

$895

$0/sq ft

Public Records

Feb 16, 2022

Sold

Unlock MLS #7503663

Nov 20, 2021

Pending

—

Oct 21, 2021

Price Changed

$2,300,000

$149/sq ft

Aug 21, 2021

Listed

$2,500,000

$162/sq ft

Public Records

Jun 1, 1993

Sold

Year

Property tax

Land + Additions

Assessment*

2026

$29,704 (+4.3%)

$69,720 + $1,725,868

$1,795,588

2025

$28,485 (−2.9%)

$66,430 + $1,655,449

$1,721,879

2024

$29,345 (−4.8%)

$116,790 + $1,657,057

$1,773,847

2023

$30,809 (+7.2%)

$120,430 + $1,853,594

$1,974,024

2022

$28,743 (+348.9%)

$119,120 + $1,489,344

$1,608,464

2021

$6,403 (+2.6%)

$59,050 + $273,650

$332,700

2020

$6,241 (−4.3%)

$57,050 + $258,640

$315,690

2019

$6,523 (−13.6%)

$53,160 + $251,020

$304,180

2018

$7,551 (+8.7%)

$54,560 + $276,730

$331,290

2017

$6,947 (+24.7%)

$54,560 + $276,730

$331,290

2016

$5,573 (−0.9%)

$50,380 + $254,420

$304,800

2015

$5,624 (+0.9%)

$40,340 + $203,100

$243,440

2014

$5,573 (+4.5%)

$41,720 + $223,070

$264,790

2013

$5,333 (+2.1%)

$41,720 + $223,070

$264,790

2012

$5,225 (+7.4%)

$41,720 + $211,630

$253,350

2011

$4,863

$41,720 + $214,300

$256,020

2010

$4,866 (−0.5%)

2009

$4,891

$36,760 + $200,570

$237,330

Tax history for 748 Martindale Rd

Year

Property tax

Land + Additions

Assessment*

2026

$29,704 (+4.3%)

$69,720 + $1,725,868

$1,795,588

2025

$28,485 (−2.9%)

$66,430 + $1,655,449

$1,721,879

2024

$29,345 (−4.8%)

$116,790 + $1,657,057

$1,773,847

2023

$30,809 (+7.2%)

$120,430 + $1,853,594

$1,974,024

2022

$28,743 (+348.9%)

$119,120 + $1,489,344

$1,608,464

2021

$6,403 (+2.6%)

$59,050 + $273,650

$332,700

2020

$6,241 (−4.3%)

$57,050 + $258,640

$315,690

2019

$6,523 (−13.6%)

$53,160 + $251,020

$304,180

2018

$7,551 (+8.7%)

$54,560 + $276,730

$331,290

2017

$6,947 (+24.7%)

$54,560 + $276,730

$331,290

2016

$5,573 (−0.9%)

$50,380 + $254,420

$304,800

2015

$5,624 (+0.9%)

$40,340 + $203,100

$243,440

2014

$5,573 (+4.5%)

$41,720 + $223,070

$264,790

2013

$5,333 (+2.1%)

$41,720 + $223,070

$264,790

2012

$5,225 (+7.4%)

$41,720 + $211,630

$253,350

2011

$4,863

$41,720 + $214,300

$256,020

2010

$4,866 (−0.5%)

2009

$4,891

$36,760 + $200,570

$237,330

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

1.51 Acres

Year renovated

2006

Sq. Ft.

3,150

Year built

1975

Style

Multi-Family (5+ Unit)

County

Caldwell County

APN

000000028345

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 10, 2026.

Property details

Parking

Parking
Features: Off Street
# of Parking (Total): 10

Interior

Equipment
None
Appliances: Cooktop, Dishwasher, Electric Oven, Refrigerator

Interior Features
Window Features: Blinds
Flooring: Vinyl
Other Features: Open Floorplan

Multi Unit Financial Information
Total Rent: $3,430

Unit Type 1
Unit Number: 744
# of Bedrooms: 2
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Furnished Information: Unfurnished
Deposit: $850
Actual Rent: $850
Unit is Leased
Lease Expires: Sunday, July 31, 2022

Unit Type 2
Unit Number: 746
# of Bedrooms: 2
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Unfurnished
Deposit: $830
Actual Rent: $830
Unit is Leased
Lease Expires: Thursday, March 31, 2022

Unit Type 3
Unit Number: 748
# of Bedrooms: 2
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Unfurnished
Deposit: $875
Actual Rent: $875
Unit is Leased
Lease Expires: Thursday, June 30, 2022

Unit Type 4
Unit Number: 724
# of Bedrooms: 2
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Unfurnished
Deposit: $875
Actual Rent: $875
Yes
Lease Expires: Sunday, July 31, 2022

Exterior

Building Information
Stories: 2
Year Built Source: Public Records
Roof Details: Composition
Construction Details: Brick Veneer, Vinyl Siding

Exterior Features
Exterior Features: Balcony
Patio And Porch Features: Covered, Deck, Balcony
Security Features: Smoke Detector(s), Security Lights

Land Information
Horses Allowed

Lot Information
Lot Size Area: 1.5
Lot Size Acres: 1.5
Lot Features: Trees Large Size

Property Information
Direction Faces: North
Foundation Details: Slab
Resale

Financial

Assessments and Fees
Assessed Value: $2,500,000

Tax Information
Tax Year: 2021

Rental Information
Owner Pays: Common Area Maintenance, Exterior Maintenance, HVAC Maintenance, Management
Pets Allowed Details: Yes

Utilities

Utility Information
Utilities: Electricity Connected, Water Connected
Sewer: Septic Tank
Water Source: Public

Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Central

Location

Community Information
Community Features: Park

Public facts

Beds: —
Baths: —
Sq. Ft.: 3,150
Stories: 2.0
Lot Size: 1.51 acres
Style: Multi-Family (5+ Unit)
Year Built: 1975
Year Renovated: 2006
County: Caldwell County
APN: 000000028345

Home facts updated by county records on Sep 10, 2026

Around this home

Schools

Dezavala Elementary School

Public K-5 • Assigned • 2.7mi

3/10

Goodnight Middle School

Public 6-8 • Assigned • 2.7mi

4/10

San Marcos High School

Public 9-12 • Assigned • 4.6mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

9/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

5/10 Fire Factor

6% chance of being in a wildfire in next 30 years

8/10 Heat Factor

7 days above 108° expected this year, 22 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

San Marcos, TX • 78666

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.3 hours in June and 4.8 hours in December, which is comparable to the U.S. average for solar exposure.

9.3 hrs

4.8 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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New listings for sale in 78666

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FOR SALE BY OWNER

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Studio— baths— sq ft

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$525,000

Studio— baths— sq ft

1435 Hilliard Rd, San Marcos, TX 78666

3D WALKTHROUGH

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Home values near 748 Martindale Rd

Data from public records.

Address	Redfin Estimate
688 Martindale Road, San Marcos, TX 1 Beds \| 1 Baths \| 576 Sq. Ft.	$111,834
812 Martindale Road, San Marcos, TX 3 Beds \| 2 Baths \| 1344 Sq. Ft.	$248,503

Address	Redfin Estimate
828 Martindale Road, San Marcos, TX 3 Beds \| 2 Baths \| 1053 Sq. Ft.	$248,255
21055 San Marcos Highway, San Marcos, TX 5 Beds \| 2 Baths \| 1908 Sq. Ft.	$481,724

Address	Redfin Estimate
764 Martindale Road, San Marcos, TX 3 Beds \| 2 Baths \| 1465 Sq. Ft.	$313,462
20209 San Marcos Highway, San Marcos, TX 3 Beds \| 1 Baths \| 1053 Sq. Ft.	$219,442

Property information provided by CTXMLS when last listed in 2026. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 78666, TX

Sale history for 748 Martindale Rd

Tax history for 748 Martindale Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 78666

Home values near 748 Martindale Rd

More real estate resources