1321 Harris Hill RD, San Marcos, TX 78666

• 10,760 sqft

Property 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.

Listing Status:

Active

Data Last Updated:

February 15, 2026 at 5:17PM

Listing Office:

Texas Ally Real Estate Group : (512) 763-2559

Listing Agent:

David Mosrie : (512) 516-9722

MLS ID:

7114819

Interior

• Flooring: CarpetVinylSee Remarks
• A/C: See Remarks
• Heating: See Remarks
• Eco/Green Feature: NoneNone

Exterior

• Other Structures: Storage
• Parking: Parking spaces: 28

Construction

• General: Pillar/Post/PierRaised

Location

• Road/Access: CalichePVD
• Originating MLS: actris
• County: Hays

Lot

• Topography: Level
• Zoning: Noneunrestricted in CiA0017-2 JUAN M VERAMENDI SURVEY #2ACRES 2.4381000172234000003
• View: None
• Current Use: Residential

Utilities

• Utilities: Above GroundElectricity ConnectedWater ConnectedSee Remarks
• Water: Public
• Sewer: Shared Septic

Financial

• Source: actris