Riverside Ranch San Marcos, Texas

Property Overview

Riverside Ranch is a quasi-student housing complex located in San Marcos, Texas. The property is currently 34.41% occupied and operates on a rent by the bed model but will also rent out entire units depending on tenant preference. In total the property has 372 beds in 268 units. The unit mix includes 36 studio apartments, 128 one-bedroom units, and 104 two-bedroom units. Riverside Ranch is conveniently located 2 miles from Texas State University, which had record breaking enrollment in 2024 with over 40,000 students. A key convenience and amenity of this property is the shuttle service to and from campus which is just over a mile away. Built in 1987, constructed of brick and plank siding with pitched roofs. The property was originally constructed as a standard market-rent complex and was converted to student living. The current tenant profile is mostly non-students, but property is still rented “per bed”. The property offers ample amenities including a pool, fitness center, clubhouse, basketball court, tennis court, gazebo, and outdoor grills.

Investment Highlights