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Listed price in listed location currency (USD).
$1,450,000

000

MLS® 7114819

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 93
Lot Size 
Approx. Age 1980
MLS® Number 7114819

Property Address: 1321 Harris Hill Rd, San Marcos, TX, 78666-8812

Average square foot calculated using Size range provided by listing agent.

Description

Unique covered land play with solid current income and long term development upside. Location just out San Marcos city limits in the ETJ , mid- to long-term highest and best is likely to development multi-story apartment complex to serve San Marcos and its explosive long term growth. San Marcos and Central Hays Co is perhaps the most strategic location in the state for investors with a long horizon, centrally located between Austin and San Marcos along the I-35 corridor, ideal for a long term income development play. San Marcos projected to reach over 140, 000 residents by 2035. Robust rental market with the additional growth of Texas State, itself projected to reach over 50, 000 students by 2033. Currently 14 rental units of various size and era. Owners made substantial improvements in 2022-2023 to stabilize the property, substantially increasing Gross Rents and Operating Income YOY even in a soft rental market. 2025 Total Operating Income over $180, 000, NOI just over $60, 000. Entry level units that have low vacancy rates in the competitive San Marcos rental market. Recently built Whispering Pointe Apartments is the perfect template for the long term development play, only 0.4 miles to the north on Harris Hill, as critical infrastructure continues to get closer to the site. Being in the ETJ and unrestricted, proximity to central San Macros with none of the challenges of developing in the city. The city limit is literally on the rear property line. Solid current income with clear long term growth and development upside. Unique opportunity to get into this highly sought after, high growth area. Contact LA for more detailed information.
MLS® Number7114819
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1980
Basement
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 15, 2026List Date
$1,450,000List Price
-End Date
Not Sold YetSold Price

For Rent

Apr 14, 2026List Date
$1,200List Price
  • Commute

Commute

Starting Address
Destination Address
1321 Harris Hill Rd, San Marcos, TX

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