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AUSTIN LOCAL TEAM · UNLOCK MLS

1321 Harris Hill Rd

San Marcos, TX, 78666

Active

$1,290,000

Asking sale price

Listed by Texas Ally Real Estate Group · David Mosrie

Listing attribution contact: (512) 763-2559

MLS #7114819 · Active

Listings courtesy of Unlock MLS as distributed by MLS GRID.

Data obtained . Listing modified .

Photos are not available.

Check with the listing team for current property images.

0 listing photos in this listing update.

0Bedrooms

0Bathrooms

1980Year built

Multi FamilyProperty type

THE HOME, IN THE LISTING AGENT’S WORDS

A closer look.

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.

THE DETAILS THAT SHAPE YOUR DAY

Reported property facts

Property type
Commercial Sale
Property subtype
Multi Family
Bedrooms
0
Bathrooms
0
Lot acres
2.438
Year built
1980
Parking spaces
28

Features & finishes

view

None

sewer

Shared Septic

cooling

See Remarks

heating

See Remarks

parking

None

flooring

Carpet · Vinyl · See Remarks

utilities

Above Ground · Electricity Connected · Water Connected · See Remarks

water Source

Public

construction

Frame · Metal Siding · Vinyl Siding

accessibility

None

LOOK BELOW THE LISTING

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1321 Harris Hill Rd

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TAKE THE NEXT STEP

See how this home fits your life.

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Listing source and permitted use

Presented by Austin Local Team · All City Real Estate, ltd. Co. · (512) 710-0337

Listings courtesy of Unlock MLS as distributed by MLS GRID.

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