Canyon Lake SFR Portfolio
Multifamily | 20 Units | $285,000/unit
Marketing description
Marcus & Millichap is pleased to present the exclusive listing of the Canyon Lake SFR Portfolio, a 20-home institutional single-family rental collection assembled across Canyon Lake and Spring Branch, Texas — two of the highest-growth lifestyle submarkets in the San Antonio–Austin corridor and the heart of Comal County, the third-fastest-growing county in the United States.
Located within minutes of Canyon Lake itself — Central Texas's largest reservoir at 8,200 acres and 80 miles of shoreline — the portfolio offers a rare opportunity to acquire scale in an SFR submarket characterized by severe rental supply constraint, no institutional competition, premium tenant demographics, and consistent year-over-year rent growth driven by both relocation demand from greater San Antonio / New Braunfels and lifestyle migration from Austin's exurban ring.
The portfolio includes detached single-family homes and two casita units (auxiliary dwelling units), distributed across established neighborhoods within ZIP codes 78133 (Canyon Lake) and 78070 (Spring Branch), providing a new owner with built-in diversification across street, neighborhood, and product type within a tightly held geographic footprint.
Investment highlights
- 20 homes in one transaction within Canyon Lake / Spring Branch — a submarket with effectively zero institutional SFR ownership and severely limited new rental supply due to large-lot zoning, septic/well requirements, and the absence of merchant builder activity.
- Centrally positioned between San Antonio (45 minutes south) and Austin (60 minutes north) along the US-281 / IH-35 growth axis, with direct access to New Braunfels — the second-fastest-growing city in the U.S. for cities over 50,000 population.
- Direct proximity to Canyon Lake (8,200-acre reservoir, 80 miles of shoreline), the Guadalupe River, and Hill Country wineries creates differentiated, premium-paying tenant demand from professionals, telecommuters, and second-home market participants.
- Comal County has consistently ranked among the top three fastest-growing counties in the United States (U.S. Census Bureau), with a +56% population increase from 2010–2024 and household incomes exceeding state and national averages.
- A new owner inherits a pre-aggregated portfolio that would otherwise require years of one-off acquisitions in a market with no listing inventory at scale — providing immediate Day-One operating leverage and a defensible platform for further regional expansion.
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