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Multifamily Apartment Building
For Sale
$1,290,000

1321 Harris Hill RD, San Marcos, TX 78666

14-unit multifamily property with recent 2022–2023 improvements and current operating income.

Property Size10,760 SF
Days on Market236

Property Features for 1321 Harris Hill RD

General Information

Standard status Active
Size 10,760 SF
Property subtype Multi Family

Additional Details

Highway Access Yes
Multifamily Units 14

Taxes and HOA fees

Annual Taxes $4,375

Building Details

Building Size 10,760 SF
Year Built 1980
Listing Agency: Texas Ally Real Estate Group
Listed By: David Mosrie
Source: Localcolorrealestateaustin
Added: Jan 14 Changed: Sep 3 Last Checked: Sep 6 at 10:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texas Ally Real Estate Group

Investment Insights

Based on property information with market context.

1321 Harris Hill Rd is a 14-unit multifamily property with rental units of various sizes and eras. Owners made substantial improvements during 2022–2023 to stabilize the property, and the operating profile has increased year over year. 2025 Total Operating Income is over $180,000, with NOI just over $60,000.

The property is located just out San Marcos city limits in the ETJ and is described as unrestricted, with the city limit on the rear property line. The offering is positioned for long-term growth given the area’s continued development and housing demand tied to San Marcos’ projected population growth and Texas State’s projected enrollment increases.

Key Highlights

  • 14‑unit multifamily property with various unit sizes and eras
  • Owners completed substantial improvements in 2022–2023 to stabilize the property
  • 2025 total operating income over $180,000 with NOI just over $60,000

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Big Box & Wholesale Store HVAC Service Restaurant Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

25
Businesses Nearby

Demographics for 78666, TX

86,584
Population
36,354
Households
2.4
Avg Household Size
27
Median Age
35%
College-Educated
89%
High-School Grad
192.4 sq mi
ZIP Area
450
Density / Sq Mi
$55,478
Median Household Income
$25,890
Median Earnings
$1,294
Median Rent
$271,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 14-unit multifamily property with recent 2022–2023 improvements and current operating income.
Where is this apartment building located?
The property is located at 1321 Harris Hill RD San Marcos, TX.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 14‑unit multifamily property with various unit sizes and eras; Owners completed substantial improvements in 2022–2023 to stabilize the property; 2025 total operating income over $180,000 with NOI just over $60,000
More about this property
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